EchoVera Surpasses $3 Billion Invoice Processing Mark

EchoVera Surpasses $3 Billion Invoice Processing Mark 150 150 Tim Robertson


As seen in MarketWatch, Morningstar and PRNewswire

EchoVera, an AP automation solutions provider in North America, surpassed the $3 Billion invoice processing mark for the organizations it serves in Europe, Australia, the US, and Canada. EchoVera’s customers use Palette AP Automation software to process, approve, and match supplier invoices.

EchoVera services and sells Palette Software solutions to customers in diverse industries such as biopharma, automotive, airlines and telecommunications.

Ralf Leitner, CEO of EchoVera said, “Palette AP Automation is extremely powerful. It can handle complex tasks such as PO matching with invoices and internal or external purchase orders that have multiple pages and hundreds of lines. Users find it intuitive to use as it easily adapts to different roles within any organization. Customers are always concerned about integration and Palette has a rapid deployment connector for popular ERPs such as NetSuite, SAP Business One, Sage 200, Sage Intacct, Microsoft Dynamics, and Oracle.”

Palette AP Automation gives employees visibility into supplier invoice status and lets them approve invoices through email and mobile devices. Palette also automates the matching of invoices, purchase orders and goods receipts. Exceptions are automatically put into an approval workflow, delivering all the information necessary for approvers to clear the exception.

Palette’s AP Automation and Purchase to Pay platform complies with rigorous standards and regulations demanded by financial institutions and healthcare organizations. Accreditations in the US include SOC1, SOC2, HIPPA, ISO 27001, GDPR, and PEPPOL.

Key to successfully automating the business processes in accounts payable are an efficient invoice data capture system, seamless integration to the ERP, and an approval workflow that is highly configurable. 

One of EchoVera’s service offerings that complements Palette is digital capture technology for collecting invoice data. Intelligent OCR takes paper or emailed invoices and intuitively captures field data. It handles electronic formats such as PDF, EDI, XML, TIFF, CSV, and HTML. The accuracy rate for paper is 95%, and for electronic formats is 100%.

Palette AP Automation and Intelligent OCR require minimal IT resources and are available on-premise or in the Cloud.

About EchoVera

EchoVera Inc. provides Intelligent OCR, AP Automation, Purchase Automation & Spend Management solutions to organizations looking to reduce costs and increase the efficiency of their financial operations. EchoVera brings over 30 years experience to clients worldwide. Clients include NCAA, Riovant, Mygrant Glass, Transtelco and ClubLink.

For more information about Echovera:

About Palette

Palette is a leading provider of accounts payable automation with 3,500 clients and 250,000 users worldwide. Palette is a global solution for companies with multiple ERPs, multiple countries, currencies and tax rules. Customers get unlimited users with no user license costs, bulletproof compliance control and minimal IT involvement.

In user surveys, 96% feel that Palette fulfills expectations and 95% consider Palette to be a worthwhile investment.

Palette provides the white label platform behind AP automation solutions offered by international banks, accounting firms, and ERP managed service providers worldwide.

To learn more about Palette Accounts Payable Automation: