Wednesday 18 October 2017

Irish firm SoftCo in $20m Finnish Government deal

Susan Spence, Co-Founder, SoftCo, Pirjo Poyhia, MD Palkeet, and Anton Scott, CEO, SoftCo.
Susan Spence, Co-Founder, SoftCo, Pirjo Poyhia, MD Palkeet, and Anton Scott, CEO, SoftCo.
Ellie Donnelly

Ellie Donnelly

Irish finance automation solutions company SoftCo has agreed a $20m (€17m) deal with the Finnish Government to transform its procure-to-pay processes, in what is one of the largest procure-to-pay projects this year.

The SoftCo procure-to-pay solution is an extensive finance automation platform that automates key financial processes from procurement, invoice automation, supplier management and reporting within the same platform.

The goal of the project with the Finnish Government is to increase automation of the end-to-end procurement process and deliver significant savings to government departments.

By 2029 the Finnish public sector aims to save €1bn as a result of digitizing public services.

Pirjo Pöyhiä, MD of Palkeet, the Finnish Government’s centralised Share Services Centre, said that the Finnish Government was "looking forward" to collaborating with SoftCo,

"Our key goal for this project is to increase automation of the end-to-end procurement process and deliver significant savings to all government departments through our shared service centre," Ms Pöyhiä said.

Founded in Dublin in 1990, SoftCo’s customers include Volkswagen, Primark, and PWC.

The company, which has offices throughout the US and EMEA is a Microsoft Gold partner. Microsoft Gold partners are Microsoft’s most highly accredited independent technical support providers.

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