The partnership will integrate PaletteArena, Palette’s complete purchase-to-pay suite, with Canon’s document and image processing technology. The offering will deliver businesses a complete purchase-to-pay solution from a single, fully mobile platform for unified governance across procurement and finance, providing control over the full process, cost reductions and a rapid return on investment.
“Working with Palette is a logical step for our organisation that enables Canon to expand the range of solutions and services we offer to our customers, providing control, security, visibility and compliance at every stage of the billing and invoicing process. We can now offer fully integrated purchase-to-pay solutions that quickly deliver real efficiency gains and ROI not only by replacing paper-based routines but changing the way financial departments operate and therefore streamlining accounting and buying processes.” said European and UK Marketing Manager for Canon Solutions, Daniel Seris
Aware of the increasing demand for software as a service in the market place, Canon will also market and sell the PaletteOnline cloud purchase-to-pay solution to European customers seeking to drive efficiency in their financial and back-office processes but looking for the flexibility of monthly service fee payments instead of upfront payment for their system. PaletteOnline gives companies of any size the fastest possible route to easier, more flexible invoice processing.
With its advanced processing platform, Palette has been a leader in the invoice automation and purchase-to-pay market in Scandinavia for several years. As part of the ongoing expansion across Europe and into the US, Palette’s partnership with Canon will further strengthen its overall solution offering to customers from small and mid-sized companies to enterprises.
Lars Petters, CEO Palette, said: “Accurate and effective document imaging capabilities are crucial in helping companies to successfully automate their P2P processes. By partnering with Canon Europe, we can ensure optimum efficiency from the start of the process, delivering a true end-to-end solution for customers.”
Later this year Palette will launch the latest version of its PaletteArena enterprise purchase-to-payment suite. It enables users to achieve significant, measurable cost savings and efficiency gains in processing supplier invoices and purchase orders. It includes the PaletteInvoice, PaletteMobile, PaletteMail, PaletteBuyer, PaletteContract, PaletteExpense, PaletteSpendManagement and PaletteSupplier Portal products, giving a web-based end-to-end solution that improves invoice management from receipt to payment. It integrates easily with accounting, information and business systems to automate and streamline accounts payable activity across the organisation.