Grant Thornton Sweden is one of the leading financial and business advisers, providing services in Sweden and internationally. Currently processing around 30,000 invoices per month for over 300 customers both in Sweden and internationally, Grant Thorntonâs EIM service improves the efficiency of customersâ accounts payable, as well as optimising the companyâs own internal invoice management system.
The EIM service takes advantage of PaletteInvoiceâs flexible, web-based architecture to offer users an automated, paper-light processing solution. Users get quick, secure access in the cloud to their invoice workflows for checking, authorisation and producing detailed reports, with no need for client software to be installed on the PCs of EIM service users.
Lars Lejdborg, Grant Thorntonâs head of outsourcing services in Sweden said: âWe deployed Palette in 2006 to handle our internal invoice processing, and found it to be an extremely effective way of streamlining the invoice management process, and delivering a truly paperless service. Based on this experience, we realised the solution could also power a hosted EIM service for our clients.
âPaletteInvoiceâs features make it the ideal basis for a cloud service, giving users secure and flexible access to their invoices whenever they need it âsaving them time and money. With the demand for outsourced services growing, and with the close collaboration between Grant Thornton member firms, we expect to attract more international customers over the next few years, and Paletteâs scalability will help us service this growth.â
The invoices of EIM service users are sent to Grant Thorntonâs partner, Bankgirocentralen for scanning and inputting to PaletteInvoice, where they are subsequently authorised and processed according to the userâs workflow requirements. Invoices are sent for payment to the userâs finance system when fully processed. Recipients authorise their invoices online for payment.
Invoices are managed by a user-friendly web interface and users with access to the Internet can perform authorisation at any time. Processed invoices are stored in an electronic archive for easy, quick retrieval and service users can sign into the EIM service to access their invoice workflow at any time.
PaletteArena is a complete enterprise purchase-to-payment suite, enabling users to achieve significant, measurable cost savings and efficiency gains in processing supplier invoices and purchase orders. It includes the PaletteInvoice, PaletteBuyer, PaletteContract and PaletteSupplier Portal products, giving a web-based end-to-end solution that improves invoice management from receipt to payment. It integrates easily with accounting, information and business systems to automate and streamline accounts payable activity across the organisation.