Enterprise purchase-to-pay specialist Palette has announced that Simonds Homes is its 1000th customer, following a contract win by leading business process outsourcing (BPO) provider and Palette partner, Converga.
Converga will use the PaletteArena accounts payable suite to deliver hosted invoice automation and management services for Simonds Homes, giving them a fully automated, paperless invoice processing solution to improve efficiency and reduce costs.
Peter Kelly, CIO of Simonds Homes said: âOur current Timberline Accounts Payable (AP) module requires manual input, which was proving to be time-consuming and costly to manage. PaletteArena is an entirely automated purchase-to-payment suite offering complete visibility of both purchasing and invoicing and we are confident that it will significantly reduce AP invoice processing, saving us both time and money.â
Lars Ola Petters, CEO of Palette said: âWe are very pleased to announced Simonds Homes as our 1000th customer. Itâs a significant milestone for us, and underlines the benefits that end users can gain from deploying our solutions directly or as a hosted service. Working with our partners such as Converga, we are able to give customers a fully integrated AP automation solution that delivers real efficiency gains and strong ROI, replacing paper-based routines and streamlining their accounting processes.â
âWe are excited to be offering this Purchase-to-Pay application to Simonds and achieving the sale for Paletteâs 1000th customer is a great start to our partnership. Utilising the Palette workflow Converga is able to provide a fully outsourced solution including, scanning, P2P processing, validation and exception handling to our customers in Australia, New Zealand and Asia,â said Brian Roberts, CEO for Converga.
Following the deployment of PaletteArena, Simonds Homes expects a 65% reduction in processing time with a high percentage of automation, due to Paletteâs ability to perform automated matching of invoices to purchase orders, and to apply appropriate workflow rules to pass invoices directly to the payments module without human intervention.
Simonds has been building quality homes in Australia for more than 60 years. The company currently processes around 360,000 invoices every year, which are made up primarily of 7-day trade terms.
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.