Review and approve the purchase order instead of waiting for the invoice to arrive before signing off on the purchase. With a user-friendly system for purchase-to-pay, you steer the purchase towards selected suppliers, lowering both costs and time spent on the purchasing process. Administration is reduced for the purchasing department, which can devote more time to negotiate favorable agreements and discounts.
When purchasing and invoice management are digitally transformed, a large amount of data becomes accessible. With Palette’s purchase-to-pay solutions advanced functionality for analysis and reporting, it’s easy to work with the key ratios that grow your business.
Examples of information that can easily be accessed by Palette include total spend per supplier, average invoice processing time, payment forecasts, budget vs actual spend, and many more reports that can be produced with just a few clicks, and the results are in real time.