Budget & Spend Analytics
Have control over costs with both capital and operational budget functions.
Get control over all costs with a capital project or operational budget
Make a budget request and allocate a specific amount to a larger investment project. When the budget request has been approved, future purchases related to the project can be connected to and deducted from the set maximum amount.
- Check the remaining amount of a specific budget request 24/7
- Built-in alarm function sends an alert when a set percentage of the budget has been used
- Delegate responsibility within the organization without losing control
Comprehensive spend management updated daily
Filter and turn daily spend data around to get a 360⁰ view of the organization’s expenses. Ask questions such as:
- How much do we spend in specific areas?
- Which category are we spending the most in?
- Are we leveraging volume for cost-reduction opportunities?
- Did we buy at the contracted prices?
- Can we consolidate spend with less suppliers?
- How many invoices do we receive from a supplier?
A World-Class Platform for Success
Because the AP process affects so many roles in an organization, and due to the complexity and uniqueness of AP procedures in each industry, AP software has to be powerful enough to account for all the variables, yet have deep enough expertise to provide an intuitive user experience.
Palette is modules-based and is available on-premise or in the cloud.
- Global solution for multiple ERPs, countries, currencies and tax rules
- Unlimited users—no user license costs
- Bulletproof compliance control and minimal IT involvement