PEAB Processes 15,000 More Invoices Per Year
“We determined Palette would be our next system when we saw the breadth of functionality in the solution as well as the excellent cooperation between Palette and Vitec. We save a lot of time – time that can be spent on other tasks.”
Özlem Sener, System Owner for Palette – PEAB AB
Peab is a leading Nordic construction and civil engineering company with 15,000 employees and $5.75 Billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden and is listed on NASDAQ.
Saving time with AP Automation
Peab has four different business areas: construction, civil engineering, industry and project development.
Peab Real Estate Development had an invoice management system but several processes were still handled manually. Functionality was lacking when the contract for the system was expiring, Peab started to consider replacing its existing system for incoming supplier invoices. The choice fell quickly on Palette thanks to better functionality and proven integration with the existing Vitec financial system.
Among other things, Peab lacked functionality for accrual and amount limit, which was standard in Palette’s solution. For many years Palette and Vitec have worked closely together to deliver financial and invoice management solutions to the construction and real estate industry, something that Peab saw as a big plus.
PEAB is managing 15,000 more supplier invoices with the same number of employees using Palette. Thanks to the functionality in Palette PEAB has eliminated all the manual touch points and the AP process is now completely automated.
Read more about PEAB on their official website.