International banks and accounting firms in North America and Europe are using Palette’s White Label solution to deliver world-class AP automation technology to their customers
CHICAGO, IL / ACCESSWIRE / May 30, 2018 / Major North American and European banks, international accounting firms, and ERP managed service providers are using Palette’s cloud-based and on-premise White Label solution to deliver world class AP automation technology to their customers.
Palette's AP automation is not just technology that captures scanned invoices into the ERP. It also leverages email approvals, intelligent PO matching, and purchase requisitioning to control indirect spend. The P2P solution offers dynamic reporting tools with flexible workflows and visibility into payables with real time data.
"The accounts payable process is becoming a focal point for many companies seeking ways to make finance more efficient," said Michael Cichy, VP Americas Operations for Palette. "Finance departments are looking to perform higher value finance activities, be able to scale for growth, and reduce regulatory compliance risk exposure."
Many organizations are benefiting from having Palette's White Label as a product to offer their customers.
• Banks are extending their product penetration into key accounts. Palette's White Label provides an essential service that supports Treasury Management Operation and supply chain finance initiatives.
• Accounting firms are increasing services to shore up auditing and CPA functions of SMB accounts. It also gives them a more efficient tax accounting and auditing with SOX compliance.
• Managed Service Provider (MSP) companies are locking in clients to a proven subscription model that improves business processes and meets strict compliance standards.
• Business Process Outsourcing (BPO) companies are broadening their product offering to include invoice processing and automation, an archive for scanned documents, and a platform for outsourced AP services.
Palette's White Label AP automation solution provides a world-class platform that is both flexible and secure. Robust AP platforms should be able grow with the organization and be compliant. Palette's White Label handles multiple ERPs, multiple countries and currencies, and is designed to scale.
The Palette platform is compliant with HIPAA, SOC 2, HiTrust, ISO 27001, PEPPOL, GDPR, and Sarbanes Oxley.
Learn more about Palette White Label
About Palette Software
The AP process affects many roles in an organization. Procedures are complex and unique to every industry. AP software has to be flexible enough to handle all the variables, be intuitive for users, and provide seamless integration.