SoftCo announces partnership with Corpay

PORTLAND, OR. – April 18, 2023 – Corpay – a FLEETCOR® (NYSE: FLT) brand and a global leader in business payments, is pleased to announce that Corpay’s Payments Automation and Cross-Border business units, are partnering with SoftCo the leading global procure-to-pay (P2P) and compliance technology company, to provide customers with a complete payment solution – SoftCoPay.

SoftCoPay is a comprehensive, easy-to-deploy payment automation solution which delivers efficiencies for AP teams through its single workflow for all payment types, secure vendor data maintenance, ongoing enrollment, and remote approvals. SoftCoPay will help customers save time and money, mitigate fraud risk, and leverage monthly cash rebates to turn their AP departments into revenue-generators.

“We recently announced the release of our latest Procure-to-Pay (‘P2P’) platform, SoftCoP2P, which encompasses a significant investment over the last 2 years in emerging smart technologies, including AI and Machine Learning and is leading the market in touchless processing and security. The addition of SoftCoPay to our offering is a natural progression for us.” said Anton Scott, SoftCo CEO. “SoftCoPay transforms our customers’ existing payment processes into one simple workflow. Our partnership with Corpay provides access to the largest vendor network and enables our customers to immediately benefit from significant cost savings and attractive rebates.”

“We’re delighted to be partnering with SoftCo,” said Mark Penserini, VP of Partner Management. “This partnership will help SoftCo customers gain new visibility into their payments, help them to make real-time business decisions, and ultimately provide them with a seamless and paperless payments process.”

Through the Cross-Border integration, users of SoftCoPay processing global payments will have the ability to gain access to Corpay’s innovative cross-border payments offering, including access to 145+ currencies to over 200 countries. This integration will allow users to streamline their international payment workflows and services which require international payment capabilities.

“We’re incredibly excited about our integrated partnership with SoftCo, as our combined capabilities offer a completely new and refreshing way to provide international payments to SoftCo customers,” said Frank Mannarino, VP, Channels & Alliances, Corpay Cross-Border Solutions.

To learn more about SoftCoPay, powered by Corpay, click here.

About SoftCo:

SoftCo are a fast-growing global Procure-to-Pay (P2P) and Compliance technology company. SoftCo’s smart technology delivers unrivalled straight through PO invoice processing rates of over 90%, ensuring industry leading ROI. With 33 years’ experience, SoftCo ranks highest in independent customer satisfaction surveys. Operating from the US, Finland, the UK and Ireland, SoftCo has over a million users worldwide with customers including PwC, Volkswagen, Primark, Logitech and the Finnish Government. SoftCo is ISO27001 certified, SOC and Katakri audited, a Microsoft Certified Partner, an AWS Advanced Technology Partner, and integrated with over 200 ERP systems.

About Corpay:

Corpay is a global leader in business payments, helping companies of all sizes better track, manage, and pay their expenses. Corpay provides customers with a comprehensive suite of online payment solutions including Bill Payment, AP Automation, Cross-Border Payments, Currency Risk Management, and Commercial Card Programs. As the #1 B2B commercial Mastercard®️ issuer in North America, Corpay handles over a billion transactions each year. Corpay is part of the FLEETCOR (NYSE: FLT) portfolio of brands. To learn more visit www.corpay.com.