Blog / Purchase-to-pay
Competitiveness through internal processes
Importance of partnership when changing IT systems
News about the economy have shown some signs of positive development recently, although a level of uncertainty seems to remain. This is a good time for companies to look into their internal processes and prepare for an upturn in business opportunities.
Financial processes have been digitalized for quite some time in Finland, but the real benefits can only be achieved through automated processes. Palette Software automates financial processes and emphasizes the importance of partnership when changing IT systems.
Improve internal processes
Palette Software joins together indirect purchases with invoice and contract handling in one fully mobile solution.
Indirect purchases can make up to 15% of a company’s turnover. Potential for savings is typically around 10% per year, which will show directly under the line. These types of purchases can be pre-approved through Palette’s solution, which results in more accurate forecasting, clearer view of cost structure and improved automation.
“We are now able to optimize our financial processes, and real-time reporting improves our internal efficiency. The corporation will achieve savings of several hundreds of thousands of euros through automation” comments Pasi Vilhunen, CFO of Barona Group, which has recently chosen Palette’s solution.
Automated P2P process and invoice handling
“We listen to the needs of our customers and want to be a reliable, local partner for our clients. We are continuously developing our product together with the entire user community” states Juha Väänänen, CEO of Palette Software Oy in Finland.
Read the full article in Finnish here.