Have visibility that ensures accountability. Reduce cycle times. Grow without adding to headcount.
Have visibility that ensures accountability. Reduce cycle times. Grow without adding to headcount. Engineered from the ground up with AP in mind, Palette’s AP Automation for Netsuite boosts your investment in Netsuite by giving your staff flexible approval workflows, automated invoice processing, automated PO matching and much more.
“Email approvals mean I don’t have to learn
yet another dashboard.”
Tomas | CEO
Palette’s capture solution ensures you eliminate paper completely. Whether invoices are received as paper or email formats, the data is captured quickly and efficiently. No manual data entry is required.
Using an automated workflow and a central dashboard, Palette automates the processing of PO- and Non-PO invoices within Netsuite. If an invoice matches all of the criteria of an associated PO the system can transfer that invoice directly to Netsuite for posting and payment.
“No more finger pointing! We can see where
the bottleneck is and address it.”
Cara | AP Manager
Palettes unique cascading matching system can handle matching against purchase orders at the header or line level. In a “no match” situation, or if a non-PO invoice arrives, workflow takes over. This ensures the appropriate approver or exception handler promptly gets notification and access to the information needed to clear the exception, creating an effective approval workflow. Exceptions are flagged for reconciliation.
“The intuitive interface means fewer calls for
assistance from people using Palette”
Lisa | CIO
Repeated invoices are matched to account numbers or contracts, posted to the proper charge codes and approved for payment through Netsuite automated invoicing. Reminders are sent when a contract is about to expire. If required, expenses are split between different departments.
“How do you enforce what’s in a binder? Palette ensures policies are followed on each and every transaction.”
Lawrence | CFO
A step-by-step documented history of invoice transactions is recorded, including communications between internal staff and suppliers. Palette’s Accounts Payable automation for Netsuite creates a complete, searchable archive for reference and auditing purposes.
Sustainability, efficiency and visibility – just to name a few of the positive impacts an ERP system has on an organization’s accounts payable processes. While an ERP system like Netsuite stands strong on its own, there is so much more potential to capitalize on through integrating Netsuite with account payable automation software.
An ERP system in conjunction with Palette’s AP automation solution provides a plethora of benefits and advantages on different levels, extending the functionality of the ERPs core functionality. It streamlines an organization’s accounts payable processes and creates an automatic, flexible and intelligent Netsuite workflow.
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Accounts payable Netsuite automated invoicing speeds up the capture, processing and approval of invoices significantly:
Netsuite accounts payable automation processes on-average around 80% of all invoices straight-through capture to payment:
With Palette’s AP automation software, an organization can design their Netsuite workflows according to their needs and preferences. You determine the route and the designated approvers the invoices need to go past.
Palette’s AP automation software makes it easy to serve and cooperate with supplier to maintain a long-lasting, meaningful relationship:
AP automation for Netsuite provides an organization with several advantages when it comes to access, monitoring and control:
Integrating Palette’s AP automation software gives accountants and business leaders a keen insight into their Netsuite accounts payable processes and the ability to:
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In some cases, suppliers will offer a discount for buyers who pay their invoice early. These potential discounts are often missed in a manual AP process due to its slow nature.
Utilizing Palette’s AP automation Netsuite solutions speeds up the invoice lifecycle, allowing you to capitalize on most early payment discounts.
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.
