Tech firm Softco wins €17m contract with Finnish government

Irish company’s procure-to-pay solution to be used by more than 70 departments

Softco cofounder Susan Spence, Pirjo Poyhia, MD Palkeet, Finland, and Anton Scott, CEO, SoftCo

Softco cofounder Susan Spence, Pirjo Poyhia, MD Palkeet, Finland, and Anton Scott, CEO, SoftCo

 

Irish software firm SoftCo has won a $20 million (€17 million) deal with the Finnish government to transform its procure-to-pay processes.

The company’s platform will be used to manage all procurement and invoice processing for more than 70 government departments. The move comes as the Finnish legislature is looking to save up to €1 billion by 2029 from digitising public services.

SoftCo’s Procure-to-Pay solution is a software platform that automates key financial processes from procurement, invoice automation, supplier management and reporting.

Headquartered in Dublin and with offices in the UK, US and Finland, SoftCo has more than one million business users worldwide. Clients include Volkswagen, Primark/Penneys, PwC and Renault.

Established in 1990, the company last month announced an additional 50 jobs to take total employee numbers to 120 over the next 12 months.