Oracle

AP Automation for Oracle gives you visibility that ensures accountability. Reduce approval cycle times and grow without adding to headcount.

AP Automation for Oracle E-business Suite

Engineered from the ground up with accounts payable in mind, Palette’s AP Automation for Oracle boosts your investment in Oracle 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

Features – AP automation Oracle

Invoice Data Capture

Palette’s invoice data capture solution ensures you reduce paper invoice handling. Whether invoices are received as paper or email formats, the data is captured quickly and efficiently. Manual data entry is not required and can be completely eliminated.

AP Workflow

Using an automated workflow and a central dashboard, Palette provides automatic invoice reminders for Oracle for PO- and Non-PO invoices. Approvers can view and approve invoices on a laptop, on mobile, and in email without learning a new dashboard system.

  • Have visibility into Accounts Payable balances and payment/approval status
  • “Drag & Drop” approval workflows, ad hoc routing
  • Approvals are made directly in email or on a mobile device

“No more finger pointing! We can see where
the bottleneck is and address it.”

Cara | AP Manager

2 & 3-way PO matching

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 for efficient Oracle PO matching. Exceptions are flagged for reconciliation.

  • Invoices, purchase orders, and goods receipts are matched by the software
  • Match items at both the header or line level, whether it is 50 lines or 500 lines
  • Complete audit trail of approvals and communications become part of the transaction record

“The intuitive interface means fewer calls for
assistance from people using Palette”

Lisa | CIO

Recurring Invoices (or Contracts)

Repeated invoices are matched to account numbers or contracts, posted to the proper charge codes and approved for payment through Oracle E-business Suite processing automation. Reminders are sent when a contract is about to expire. If required, expenses are split between different departments.

  • Repeat invoices are matched to account numbers or contracts
  • Self-billing for contracts that do not have vendor invoices
  • Manages spending and renewal process

“How do you enforce what’s in a binder? Palette ensures policies are followed on each and every transaction.”

Lawrence | CFO

Archive & Audit

A step-by-step documented history of invoice transactions is recorded, including communications between internal staff and suppliers. Palette’s software for AP automation in Oracle creates a complete, searchable archive for reference and auditing purposes.

  • Faster audit process
  • Provides basis of objectivity for investigations
  • Raises compliance standards for the entire organization

Benefits of integrating Palette’s invoice automation software with Oracle

Sustainability, efficiency and visibility – just to name a few of the positive impacts Palette has on an organization’s accounts payable processes. While Oracle has extensive functionality, there is so much more potential to capitalize on through integrating Oracle with accounts payable automation software.

Palette’s AP automation solution for Oracle provides a plethora of benefits and advantages on different levels, extending Oracle’s core functionality. It streamlines an organization’s accounts payable processes, saving both time and money for everyone who touches the purchase process.

SHOW

Save time

Accounts payable invoice automation for Oracle speeds up the capture, processing and approval of invoices significantly:

  • Character recognition software automatically scans headers and line-item data
  • 2 & 3-way matching is performed through a touchless process
  • Payables are routed through predetermined business processes

Higher accuracy & Streamlined processes

Oracle E-business Suite accounts payable automation processes on-average around 80% of all invoices straight-through capture to payment:

  • Eliminates human errors
  • Does not require the same level of oversight
  • Eliminates the risk of overpayment och duplicate payments
  • Automatic flagging of exceptions to be reviewed by designated approver
  • Streamlines reporting, budgeting and auditing, making them more efficient and accurate

Improved insight & transparency

Integrating Palette’s AP automation software gives accountants and business leaders a keen insight into their Oracle E-business Suite accounts payable processes and the ability to:

  • See the big picture at a glance
  • Leverage exhaustive, real-time dashboard reporting of KPIs
  • Find, retrieve and present relevant data quickly
  • Focus on specific problem areas and identify solutions for improvement
  • Identify noncompliance with business rules and/or spending policies
  • Monitor performance and productivity of any AP individual, team or department

Improved access, monitoring and control

Oracle E-business Suite accounts payable automation provides an organization with several advantages when it comes to access, monitoring and control:

  • No more paper invoices that face the risk of disappearing
  • Full access to the payment cycle from anywhere, at any given time
  • Easy sharing of data in real-time between departments and individuals within the organization
  • Automatic import and export of pertinent information
  • Simultaneous access to the system where you can decide who has access to what
  • Invoices not automatically approved for payments are flagged and automatically rerouted to designated approvers
  • Easy-to-follow electronic trail to identify exceptions and fraud

Customized solutions

With Palette’s AP automation software, an organization can design their Oracle E-business Suite AP workflows according to their needs and preferences. You determine the route and the designated approvers the invoices need to go past.

Better business relationships

Palette’s AP automation software makes it easy to serve and cooperate with supplier to maintain a long-lasting, meaningful relationship:

  • Supplier risk is reduced at all stages, from initial on-boarding to regular invoice payment
  • With a reduced risk of human error, the approval and payment process will always be performed on time helping you keep a good standing with suppliers
  • Approved suppliers can submit documentation and updates in a wide range of different document formats
  • The system will alert you to time-sensitive circumstances (e.g. upcoming contract renewals)

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Capitalize on early payment discounts

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.

Utilizing Palette’s AP automation speeds up the invoice lifecycle, allowing you to take advantage of early payment discounts.

Are you ready to take the next step?

Let us know what problem are you looking to solve.