Simplify agreement and contract management
Allow your agreement and contract management to become easier and more enjoyable. Match recurring invoices automatically and receive reminders when contracts are to be terminated or renewed.
"The contract solution helps us to have control over periodic invoices through automatic matching to agreements. Palette's solutions make it easier to manage these invoices from one and the same source, which has streamlined our workflow, and we continue to work on improving the process."
Agreement and contract management with full control
Palette works as an electronic agreement database that is constantly accessible and searchable. With its flexible authorization structure, you decide who can see what and how you manage reminders ahead of important dates in the agreements. With agreements that are easily accessible to the organization, both compliance and efficiency increase.
Automate all your recurring invoices
On average, companies have 15–25% recurring invoices that could be set up as an agreement. Using Palette’s solution for agreement management and contracts, avoid spending time on approving the same invoice month after month. The system matches, checks, and manages all periodic invoices related to a specific contract. Generate invoices reflecting contract terms with the self-billing function.
Five key features:
- Recurring Invoices - Recurring invoices can be matched to contracts or tracking numbers
- Reminder & Activation - Reminders are sent when a contract is about to expire or has to be renewed
- Archive - Complete archive of all types of contracts
- Self-Billing - A supplier invoice is automatically created by Palette, reflecting the contract terms
- Transparency- Make agreements visible to the whole organization
Manage and set up an approval workflow for recurring invoices such as contract services or other regular expenses.
Get the highest percentage of straight-through processing when an invoice arrives. Employees purchase goods and services within a set budget.
Automated matching of invoices, purchase orders, goods receipts, and contract data.
Filter daily spend data to get a 360⁰ view of the organization’s expenses.
Flexible • Modular • Secure • Compliant
An efficient accounts payable solution that reduces costs and frees up time for other tasks within your organization.
Palette gives you full control of the entire accounts payable process. Easily track every single invoice and its current status within the workflow.
Easy to get started
Agreements are stored in Palette’s electronic agreement database, which has a flexible authorization structure. If you use Palette’s invoice management, existing suppliers and users are listed in addition to approval regulations, workflows, roles, coding suggestions, and other structures. The agreements are supplemented with information about such things as agreement type, important dates, and validity periods.
Agreements and contracts are accessible
Make supplier agreements and contracts searchable and visible to authorized individuals, such as employees in the purchasing department. Palette makes it easier to control orders for favorable contract-based purchases.