Accounts Payable Automation

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Cloud solution delivers flexible, efficient invoice handling from receipt to payment for businesses of any size

8 July 2013 – Enterprise purchase-to-pay specialist Palette has announced that EchoVera, the Toronto-based provider of document automation solutions, is now offering the PaletteOnline cloud solution to its customers in the US and Canada to enable more efficient invoice processing.

EchoVera has added PaletteOnline to its range of document automation solutions for organisations seeking to drive efficiency in their financial and back-office processes.  PaletteOnline gives companies of any size a fast route to easier, more flexible invoice processing:  users get secure access in the cloud to their supplier invoices for checking, authorisation and detailed reporting, from any location with a Web connection.

Getting started with PaletteOnline via EchoVera is easy.  EchoVera can receive the customer’s invoices via its scanning solutions, email, or its electronic invoicing service for a truly touch-less solution. Customers can then process and authorise their invoices securely via PaletteOnline.  PaletteOnline needs virtually no set-up time, unlike traditional invoice processing systems, enabling companies to quickly make the transition to automated invoice handling and benefit from ongoing cost and time savings.

EchoVera has long been dedicated to helping private and public sector clients of all sizes streamline business processes and enhance productivity through the implementation of comprehensive Accounts Payable solutions. By integrating PaletteOnline into its solutions offering, EchoVera can provide their customers with a truly paperless alternative that drives workflow, processing efficiencies and measurable cost-savings, whilst reducing environmental impact.

Ralf Leitner, President for EchoVera said:  “Palette sets itself apart with its comprehensive yet easy to use purchase-to-pay solutions. Using PaletteOnline enables us to offer our customers secure access to their invoices, and visibility of their supplier ledger wherever they are.  Furthermore, the cloud solution allows us to help organisations of any size to quickly boost their accounts payable efficiency and reduce processing costs, with no upfront investment.”

Michael Cichy, Palette’s North American General Manager, said:  “By combining EchoVera’s outsourced services and PaletteOnline’s invoice handling capabilities, customers benefit from a seamless, end-to-end AP automation solution that delivers real efficiency gains.  It removes the upfront costs and deployment times needed by traditional solutions, enabling users to quickly realise ongoing cost savings.  We’re very pleased that EchoVera has added PaletteOnline to its range of document automation solutions.”

PaletteOnline links to customers’ ERP and business solutions through a secure web service, giving seamless, safe communication between the two systems. Once approved, all incoming invoices are securely stored with the corresponding postal information.  Finance departments experience a wide range of instant benefits, such as reduced workload, better control, and reduced costs.

Palette press contact: Petra Hagman  +46 8 763 092 25 email: petra.hagman@palettegroup.com

Palette press contact:  Craig Coward, Context +44 1625 511996

About Palette

Palette is a market leader in solutions for enterprise purchase-to-pay and automated processing of supplier invoices.  The company’s accounts payable product suite, PaletteArena, offers the most automated approach to supplier invoice matching and straight-through-processing.  This helps customers achieve significant, measurable cost savings and efficiency gains across their accounting and business operations.  Palette was founded in Sweden in 1993, and has sales offices across Europe and in the US, with over 1200 customers in 34 countries.  Visit www.palettegroup.com.