Smyths Toys automates AP processes across its European operations

Monday 20th December, 2020

SoftCo has announced that Smyths Toys has expanded the use of SoftCo ExpressAP to their central European operations.

Smyths Toys will now be able to manage their AP process across their entire European and UK and Ireland operations.

The multinational retail and e-commerce business, provider of children’s toys and entertainment products went live with SoftCo ExpressAP in June 2020, in order to automate the processing of their 10,000 annual invoices within their UK and Ireland operations.

In 2019, Smyths Toys began their expansion into central Europe after completing the rebranding of the region’s former Toys R Us division. Today, Smyths Toys are operating 214 stores across Europe in Ireland, the UK, Germany, Switzerland and Austria.

Smyths Toys Head of Finance, Mark Dinkin said, Following the success that we have seen through using SoftCo ExpressAP within our UK and Ireland operations, it made total sense to expand its use to our European operations. By automating our AP process with SoftCo, we have seen significant cost and time savings and the system’s cloud technology has enabled staff to log on and carry out their roles regardless of their location. This is particularly significant in times of remote working and with expansion into new markets.”

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