Budget & Spend Analytics

Get control over costs with both capital and operational budget functionality in our Budget Module

Quote from Palette customer
Real-time reporting enables us to easily follow up performance between different countries. This helps us to identify parts of the process that need further development

Juho Häkkinen, Finance System Controller at Lindström’s

Budget & Spend Analytics will help you get control over purchasing

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
Our purchase to pay software has a powerful budget & spend analytics module

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?
Buyer's guide for purchase-to-pay

Trusted by Banks

Trusted by Banks in the US, Europe & Australia. Full security and compliance accreditations in the US including HIPPA, SOC 1, SOC 2, ISO 27001, GDPR, and PEPPOL.

Palette provides intelligent functionality for four different process areas: Capture, Match & Approve, Request & Purchase, and Budget & Spend Analytics.

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