AP Automation in the Cloud with invoice processing, mobile approval workflows, complex PO matching, and audit trail.
AP Automation in the Cloud with invoice processing, mobile approval workflows, complex PO matching, and audit trail.
95%
Accuracy Rate
For Paper
100%
Accuracy Rate For
Electronic Formats
“Before we deployed Palette, our invoicing system was labor-intensive and time-consuming for our staff. Automated processing has significantly increased our overall efficiency, shortened payment cycles, and helped to improve the manageability of transactions.”
Invoice data capture
By using AI and capture automation, data is intuitively extracted from both paper or emailed invoices. 95% accuracy for paper, 100% for electronic formats. Eliminate manual data entry, manual errors and missed invoices. The invoice data capture process includes four steps:
Approval workflow
Paper and other manual based processes slow down the invoice approval process significantly and are prone to human error. Palette’s account payable software integrates with existing accounting systems, streamlining the invoice approval workflow of both PO- and non-PO invoices, making it easier by automatically directing your invoices to the designated approver. Once approved the invoices are forwarded to your ERP for payment. Flag invoices or line items and send them to approvers for review and approval.
3 way PO matching
Palette automatically matches your vendor invoices to internal or external purchase orders and goods receipts in a fully touchless process. POs and invoices can have hundreds of lines. The software eliminates manual searching and matching, allowing staff to focus on more high value tasks.
Archive and Audit
The supplier invoice archive and log is fully searchable. Get access to a complete time-stamped archive of all invoices with full visibility into approvals and approval messages.
With Palette’s AP automation software your organization can:
You can expect the following AP automation benefits when using Palette:
Save time
Manual, slow and repetitive work – checking orders and entering data – is now fully automatic, executed in minutes of receipt.
Fewer errors
Eliminate manual errors and missing invoices.
Digitized documents as default
Going digital provides a plethora of benefits including saving space, easier handling, faster distribution and eco-friendly.
Increased productivity
By eliminating manual, repetitive tasks your teams have more time to spend on higher value work.
Make AP available from anywhere
Paper processes are limited in nature, having to be placed in the right in-tray or filed in the correct cabinet. Digital cloud-based processes can be done from anywhere 24/7.
Autonomy for the whole organization
With Palette’s automated invoice processing solution, these processes become accessible to everyone – not only finance. Setup business rules and roles to capture even the most complex approval processes.
Palette is trusted by banks and financial institutions in the US and Europe. Accreditations in the US include SOC1, SOC2, HIPAA, GDPR, and PEPPOL.
Palette is a configurable, modules-based solution available on-premise or in the cloud.
Integration with NetSuite
Native tools to ensure that the business rules of your system, data control, and validation are applied to all data communication.
Integration with Dynamics 365
AP Automation for Dynamics 365 Finance and Operations and Dynamics 365 Business Central.
Integration with SAP
AP Automation that integrates with SAP Business One and SAP R/3.
Integration with Workday
With Palette’s standardized Integration to Workday enable a “plug and play” integration experience with minimal configuration.
Let us know what problem are you looking to solve.
Palette Software was founded in 1993 in Stockholm and has offices in the United States and the Nordics. Palette solutions are available through a growing network of partners in some 50 countries in North America, Europe, and Australia.