We’ve further strengthened our presence in North America with the appointment of a new US-based partner, NMS Imaging.

NMS will integrate PaletteArena into its range of solutions, enabling users to achieve significant measurable cost-savings and efficiency gains in processing supplier invoices and purchase orders. 

“Palette’s products will play an integral role in our Accounts Payable marketing,” said Stephen C. Dring, President of NMS Imaging.  “Our strategic alliance will enable NMS Imaging to substantially grow our base of customers. “

NMS Imaging is one of the premier implementation and service companies for Document Management and Workflow systems in the US.  The company is an experienced solution provider to government and Industry with an extensive background in Accounts Payable solutions.

http://www.nmsimaging.com/

The leading media portal for small and medium-sized business, BusinessWings, has published the latest article by Palette UK’s sales director, Lucy Beck.  The article looks at the methods by which organisations can boost the efficiency of their accounts payable operations, and contrasts outsourcing AP functions versus automating them.

Lucy argues that the key to optimising efficiency lies in the processes themselves. If companies have control over their accounts payable systems, they have insight into the financial data that will allow them to identify opportunities to maximise the return on their capital.

The article is at:  http://www.businesswings.co.uk/articles/Automating-payables-processing

Palette is expanding and strengthening its North American operations with the appointment of a new Canadian partner, Data Repro Com (DRC).

DRC will integrate PaletteArena, the complete enterprise purchase-to-payment suite into their solutions offering, enabling users to achieve significant measurable cost-savings and efficiency gains in processing supplier invoices and purchase orders. 

DRC, Palette’s first Canadian partner, is a leading provider of document scanning and hosted document management services. DRC integrates powerful imaging and workflow tools from leading suppliers and is used by more than 200 companies across North America.

Barry Braun, VP Business Development for DRC said: “Palette offers the most comprehensive invoice automation product suite designed to deliver value throughout the entire P2P process, offering greatest value and ROI to existing and prospective clients.”

Read more:  http://www.cisionwire.com/palette/r/palette-develops-its-presence-across-north-america,c9148576

Supply Chain Europe has published an article by Palette’s UK head, Lucy Beck, which explains how purchase-to-pay solutions can give you control of payment cycles – and help you gain over 30% annual return on capital through settlement discounts. 

The article focuses on the techniques of dynamic discounting and reverse factoring, and explains how these processes help to maximise working capital, and the points to consider when implementing these payment strategies. It also states the need for system integration to ensure that all invoices are approved within the designated 5-day period.

To see the published article on Supply Chain Europe, visit:

http://www.scemagazine.com/sce/current-issue.htm