Small and medium-sized enterprises (SMEs) are adopting e-invoicing technology, according to a new survey by the Forum of Private Business (http://www.fpb.org/).

A survey involving 4,000 of its members showed that 47% said they would use e-invoicing by the end of 2013, with the main reason being that they believed it would shorten payment cycles.  In addition, 35% of respondents said they were looking to invest in systems to help them work more efficiently.   

Of course, the use of cloud solutions – like PaletteOnline – means that virtually no investment is needed to deploy advanced invoice processing solutions, even for organisations handling just a few hundred invoices per year.  This adoption model allows firms to simply pay per invoice processed, which could help to further accelerate the take-up of invoice automation.

Over at sharedserviceslink.com, there are some interesting findings from the organisation’s Accounts Payable Tech and e-Invoicing Summit, held last month (December 2012).  Members were surveyed to find out what were their thoughts and plans were for using automation technologies in the finance shared services arena.

 

A majority of members were already using e-invoicing (63%), some form of OCR technology (67%), and automated work-flow (59%). Members were also asked about their interest and plans to use cloud technology – some 15% showed interest in this. This is no surprise to us:  as we’ve mentioned before, our cloud offering, PaletteOnline, is being embraced by both existing and new Palette customers, because of its easy set-up, flexibility, low cost of deployment and manageable running costs.   In the coming weeks we will have news of several significant PaletteOnline deployments and partnerships.

 

In the meantime, you can find more detail about sharedserviceslink.com’s research here:  http://www.sharedserviceslink.com/file/95582/what-are-your-new-year-accounts-payable-technology-resolutions.html

It’s just over a year since we launched our cloud invoice automation solution, PaletteOnline, which gives companies the fastest possible access to easier and more efficient invoice processing, with minimal set-up and configuration.

Since its launch, the solution has had tremendous uptake with both new and existing customers, who appreciate the benefits of its ability to give flexible, secure access in the cloud to their invoices for checking, authorisation and reporting. 



Because PaletteOnline removes the cost and deployment barriers in setting up invoice automation, replacing it with a simple per-invoice payment method, it also allows almost any size of organisation to realise efficiencies and savings in their AP processes.  

We believe that this migration to cloud solutions will continue to grow in 2013, as more businesses become aware of the benefits of managing their supplier invoices more efficiently.
Find out more about PaletteOnline at http://www.palette-group.com/products/paletteonline.aspx
In the meantime, we’d like to wish you all a peaceful holiday, and a very happy and prosperous new year.

/Palette

The latest article by Lucy Beck, our UK sales director, shows how companies of any sizecan start reaping the benefits of invoice processing and automation, with minimal upfront costs, using the cloud computing model. 

In it, she shows how solutions such as our own PaletteOnline
(http://www.palette-group.com/products/paletteonline.aspx) can integrate seamlessly into your existing processes, as well as detailing the features and functions you should consider when choosing a cloud invoice processing solution. 

Visit the BDaily Business Network to find out more:  http://www.bdaily.co.uk/blogs/21894/21-08-2012/accelerating-the-benefits-of-invoice-automation/

 

Our UK sales director Lucy Beck gives her thoughts about how invoice processing and document management functions are moving to the cloud to improve productivity in this article from the UK portal, CloudPro. 

It also features long-standing Palette customer, Stena Line, one of the world’s leading shipping firms. 
It’s well worth a read, at:  http://www.cloudpro.co.uk/saas/document-management/2749/how-cloud-rendering-traditional-document-management-obsolete?page=0,1