Palette Accounts Payable Automation Software Partner Surpasses $3 Billion Mark
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 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.