Case Study: Smyths Toys achieves 30% faster AP approvals with SoftCo

Smyths Toys cuts approval times by 30% with SoftCo

Smyths Toys, a major European retailer, faced significant challenges in its accounts payable process as the business expanded. Manual invoice routing across multiple locations was causing delays, limited visibility, and difficulty tracking progress, making the process hard to manage at scale. To address this, Smyths Toys partnered with SoftCo for an accounts payable automation solution.

SoftCo implemented a centralized workflow that automated invoice capture, coding, and approval. This sent invoices directly to the correct approver, eliminating manual routing. The results for Smyths Toys were a 30% reduction in approval times within three months, lower processing costs, full visibility over AP, faster supplier payments, and more accurate month-end accruals.

Smyths Toys