The manufacturing industry has multiple challenges related to AP processes. Handling different suppliers and supplier invoices is labour-intensive and requires attention to detail. AP teams deal with large volumes of invoices and spend large amounts of time matching to POs and goods receipts.
250,000+ Users
Over 2,500 clients worldwide
Palette brings manufacturers AP Automation in the cloud with advanced invoice processing, mobile approval workflows, complex PO matching, and an audit trail.
Eliminate manual data entry, reduce repetitive and time-consuming tasks and speed up your approval workflow. Avoid late payments and keep good relationships with suppliers.
A fully automated AP process can offer dramatic improvements. It lets the finance department focus on strategic tasks such as profitability analysis and increasing vendor loyalty.
Palette’s user-friendly system receives invoices in all formats, i.e., scanned paper invoices, PDF’s or EDI or electronic invoice. When the invoice data is captured, the invoice is sent out in your pre-defined approval workflow.
Eliminate manual data entry
Both paper and emailed invoice data is automatically entered and captured by the system.
Approval workflow
Invoices are automatically sent to the proper approver, according to your pre-set rules.
Automatic reminders
The system automatically sends out reminders to approvers with pending invoices.
Advanced matching engine
The matching engine automatically matches invoices to POs, saving you a tremendous amount of time and manual effort.
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.
Using artificial intelligence and capture automation, data is intuitively extracted from both paper and emailed invoices with 95% accuracy rates for paper and a 100% accuracy rate for electronic formats.
Palette automatically sends invoices to the proper approver, according to pre-set rules. If needed, you can add approvers to an existing workflow and ad-hoc routing is possible.
Match vendor invoices to internal or external purchase orders and goods receipts. Our Cascading Matching engine automatically matches hundreds of lines – saving you time and money.
A step-by-step history of invoice transactions is recorded, including communications between internal staff and suppliers. Palette creates a complete searchable invoice archive for reference and auditing purposes.
I had thought at that time we could expand our AP process improvement into the other areas of the company but what I didn’t expect was how soon our CFO took advantage of the technology that Palette had to offer.
Accounting Manager
The scope of this project began with invoice processing for a company with many facilities and satellite offices. The scope grew to include indirect purchasing, contract management, expense reporting and budget.
Let us know what problem are you looking to solve.
By implementing a modern solution for invoice processing and invoice approval processes, you free up resources and get more time for higher value tasks.
Get full control of supplier invoices, from their arrival through to being booked and paid for. All supplier invoices are visible and manageable in a central dashboard. Invoices are easy to find upon receipt in the dashboard, and after payment in a searchable archive.
Instead of paper and other files being lost, documents are visible in one single digital archive, which you can access anywhere and at any time. Invoices can be approved in your mobile phone or directly in an email.
Level up with purchase requisition automation. Month-end accrual processes are reduced to just minutes instead of days, and Palette gives controllers the ability to decide to go over budget, rather than trying to explain why they were over budget after the fact.
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.
