Optimize your indirect spend with a procurement software solution from Palette
Does your ERP platform have an easy to use requisitioning system? Is it too costly to deploy that solution to every employee who needs to purchase something?
Indirect purchasing is often a significant part of a company’s total spend. Research shows that it is usually between 5-15% of revenue and is comprised of a large number of transactions sometimes as much as 60% of the transaction volume. Reducing indirect costs will have a major impact on the company’s profits. Our solution means you buy only what you need from the smallest number of suppliers and you gain the most effective payment terms and pricing.
Palette will allow your organization to get full control over costs, reduce possible fraud and stop maverick spending.
Limit unnecessary purchases before it’s too late
With Palette’s modular procurement software it’s easy to automate processes to enforce your company’s purchasing policy. You have tight control over who can buy what type of goods, which supplier they should use and where the goods will be delivered. Purchases will be pre-approved using workflow ensuring management visibility and advisory roles can be added to the workflow for specialty items like IT supplies. Invoices from suppliers can be matched against the PO and goods receipt to create accurate touch-less processing and payment. These controls mean that your company is fully protected against fraud.
Customize the ordering possibilities by individual
Palette’s procurement software solution can work for companies with centralized or decentralized procurement. Purchasing goods can happen as free text orders with an option to have a purchasing professional provide necessary assistance. Goods can also be bought through the use of imported catalogs or punch out to preferred vendors web-shops. This ensures that your company is getting its preferred terms and conditions and the correct pricing.
Procurement Software as a Cloud Service or an On Premise installation
Palette provides its products as a traditional on premise solution or as a cloud service. Our products can be delivered to provide a perfect fit for all types of companies, regardless of size, industry or organization. Simply select which modules best suit your business goals and only pay for the transactions you put through the system. You are free to add additional modules or transactions as your business continues to grow and change.