BancTec, the global leader in business process outsourcing (BPO) for financial transaction automation, is now offering PaletteOnline 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.  This enables companies of any size to get 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.   10 business customers are already using the Banctec service.

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.”  

Visit http://www.banctec.se/ for more details of the service.

Murco Petroleum, a leading UK oil company, is embarking on a deployment of PaletteInvoice, Supplier Portal and PaletteMobile from the PaletteArena suite of accounts payable automation solutions, to ensure that its supplier invoices are processed, approved and scheduled for payment quickly and efficiently.  The solutions will integrate with Murco’s SAP and JD Edwards ERP systems, helping to streamline its operations. 

For more details of the deployment, visit:  http://www.sharedserviceslink.com/file/94935/murco-petroleum-to-refine-invoice-processing-with-palette.html

US Farathane (USF), a leading supplier of plastic fabricated components for the auto industry, is deploying PaletteInvoice to help improve its processing of the 40,000-plus sales and supplier invoices it handles annually.

The deployment will minimize paper handling and reduce the amount of time spent by USF’s accounting personnel on administrative tasks involved with manual invoice processing.  It will also improve visibility for USF accounts staff of the progress of invoices through the organization and give closer control of plant purchase requisitions.

USF chose Palette following an evaluation of solutions from a range of suppliers, with PaletteInvoice selected for its high level of functionality, its ability to meet technical demands, and because it was the most user-friendly system of those tested.

Read more here:  http://www.bobsguide.com/guide/news/2012/Jun/12/us-farathane-automates-invoice-processing-with-palette.html

Eight Chinese government agencies have announced a series of measures to promote e-commerce and e-invoicing, including setting up a trial e-invoice system with online payment standards.  The Chinese government is moving towards e-invoicing as its research has shown that e-invoice adoption has grown by 40%, and that the e-invoice system could deliver up to 80% savings compared with traditional paper invoices. 

As well as being another clear sign of China opening its doors to international markets, it’s also a portent of the growing global e-invoice momentum.  It’s time for all businesses to look at, and accelerate, their e-invoicing plans. 

http://eeiplatform.com/8190/china-issues-guidelines-to-promote-e-commerce-and-e-invoicing/