According to the source, around 100 employees use Palette to process invoices with matching purchase orders, received remotely from the Findus headquarters in Sweden. The invoices are scanned using a ReadSoft offering, before being passed into PaletteInvoice and sent to the appropriate office and person for authorisation. Then, the invoices are sent into Findus’ ERP system to be scheduled for payment.
Findus receives around 70,000 invoices annually at its offices in Scandinavia and France.
PaletteInvoice is part of PaletteArena suite of accounts payable AP automation services, which includes the PaletteBuyer, PaletteContract and PaletteSupplier Portal products, according to the source.
In February 2011 , international ferry operator Stena Line selected Pallete to deploy the latter’s invoice automation service dubbed PaletteInvoice.
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