Enterprise purchase-to-pay specialist Palette has announced that BancTec, a global leader in business process outsourcing (BPO) for financial transaction automation, is now offering the PaletteOnline cloud solution to its customers in Sweden to enable more efficient invoice processing.
BancTec has added PaletteOnline to its range of automation and document management services 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 BancTec is easy. BancTec is instructed to receive the customer's invoices to sort and scan them, and 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 to benefit from real, ongoing savings in both costs and time.
James Silcock, EMEA Business Development Director of BancTec, said: "Using Palette's cloud solution enables us to offer our customers secure access to their invoices, and visibility of their supplier ledger wherever they are. We have a long-established partnership with Palette that is already benefiting businesses, and by offering PaletteOnline we can help organisations of any size improve their accounts payable efficiency and reduce processing costs."
Lars Ola Petters, Palette's CEO, said: "By combining BancTec'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 up-front costs and deployment times needed by traditional solutions, enabling users to quickly realise ongoing cost savings. We're very pleased that BancTec has added PaletteOnline to its range of managed business services."
PaletteOnline links to customers' ERP and business systems through a secure web service, giving seamless, safe communicationmunication between the two. 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.