Palette Purchase to Pay System Has 25% Increase in Sales for 2015

Purchase To Pay Automation Firm – Palette – Enjoys Increased Sales

Palette Software, the accounts payable automation and purchase to pay software company, has seen strong growth in the first half of 2015 with a 25% increase in sales during the first six months of the year, building on growth of 20% in 2014.

From the Palette company blog that discusses where the growth is coming from, and the nature of commitments to date:

The success follows on from the release of PaletteArena 6.3, the latest version of the company’s core solution suite, earlier this year and Palette’s expansion in several territories including Finland, Denmark, USA, Canada, Australia, Africa and Asia, through the development of partner agreements and subsidiary organisations.

Palette’s CEO, Lars Ola Petters, commented: “In the past 18 months we have seen growing interest in our solutions as more and more businesses realise the benefits, and return on investment, that e-invoicing and automated payments deliver. Palettes e-invoicing has grown 55% over the last 12 month and as we have grown internationally we have maintained our close customer focus, ensuring we continue to deliver market leading solutions and customer service.”

In the first six months of 2015 the Purchase to Pay automation company has picked up clients across several industries, including Clas Ohlson, Fläkt Woods, Autolink and Universal Robots, Flügger, a major airplane manufacturer. EchoVera, the master distributor of Palette in Canada, has signed ClubLink Corporation, a golf course owner which offers its members access to some of Canada’s top golf courses.

EchoVera has also introduced PaletteArena to the Boston Globe, the Toronto Star, and Canadian North, as companies across North America are realizing the value of Purchase to Pay automation solutions. Solutions include intelligent OCR scanning, PaletteInvoice, CloudTrade, and connectors to ERP systems such as NetSuite and Microsoft Dynamics. More announcements will be forthcoming from the Canadian operation.

More on the Palette blog here.