AP Automation for Real Estate

Accounts Payable professionals in the real estate sector face several unique challenges. The volume of invoices dealt with is exceptionally high. The nature of work in the property sector means that most staff spend at least part of the day out of the office while also being required to provide multiple spend approvals.

250,000+ Users

Over 3,500 clients worldwide

NCAA
Deloitte
BMW
Stena Line
Volkswagen
Landstar
Cobham
Saint Gobain
Pentax
Canadian North
Montana
Clublink

Palette is optimized for real estate

We developed our first invoice processing solution by end of the last decade, acting on a request from a real estate company. Today 300+ customers from this industry are using the system.

Palette offers advanced functionality for projects, VAT and multi-company/subsidiary management. The solution fully automates the processing for invoices, contracts, purchase orders and expenses.

With our cloud service, you get the most flexible, secure and scalable option for an AP software. Invest in a world-class AP solution that will your suit your business needs today – and tomorrow.

A user-friendly system

With Palette you get a user-friendly system that is accessible from anywhere at any time, allowing staff who spend their working day out of the office to approve invoices on the go. This way, you can accelerate the AP process and avoid delayed payments.

A long history in Real Estate

Our solution meets many specific requirements expressed by real estate businesses.

Project Management

Our solution offers approval workflow based on project, automated account posting and monitoring.

Management of different entities

One user account can have access to many business entities and it’s easy to create new entities or real estate units.

Multiple approvers

Many invoices are for large amounts and require the control and approval of several people. This is smoothly managed in Palette.

Seamless Integration with your ERP

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.

Invoice Data Capture

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.

Efficient AP Workflow

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.

Automated PO Matching

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.

Automated PO Matching by Palette Software
Archive & Audit - Audit trail software by Palette

Archive & Audit

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.

We determined Palette would be our next system when we saw the breadth of functionality in the solution. We save a lot of time – time that can be spent on other tasks.

Özlem Sener
System Owner for Palette at Peab Real Estate Development

PEAB Processes 15,000 More Invoices Per Year

Peab is a leading Nordic construction and civil engineering company with 15,000 employees and $5.75 Billion in net sales.

Are you ready to take the next step?

Let us know what problem are you looking to solve.

AP Automation for Real Estate

While manual processes will hold companies back and inhibit growth, there is a way to deal with these challenges effectively.

AP automation solutions can fully automate transaction processing for invoices, contracts, purchase orders and expenses. The best solutions are flexible and scalable to suit the business. They can be offered as cloud-based services that can be accessed remotely, allowing managers to approve spends on the go.

By streamlining your processes with automation, AP professionals in the real estate can spend more time managing relationships with suppliers, keeping costs to a minimum and enabling the business to grow.

Using an automated workflow and a central dashboard, Palette automates the processing of PO and non-PO invoices. It keeps finance people happy because invoices can be booked to individual projects, and saves them time chasing project managers for approvals. Project managers appreciate being able to approve an invoice with one click on a laptop or mobile device.