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Palette: new purchase to pay solutions lead to 25% increase in sales

June 16, 2015  |  Europe, Invoice Automation, Procurement

Palette is one of the leading EU enterprise purchase-to-payment specialists. Palette has seen strong growth in the first half of 2015 with a 25% increase in sales during the first six months of the year, building on growth of 20% in 2014.

In the first six months of 2015 Palette reached the following results:

  1. Palette has secured a number of new business wins all over the world including Claus Olhson, Universal Robots, Fläkt Woods, Autolink, Flügger, and a major airplane manufacturer, as well as other large organisations across a variety of sectors including healthcare, travel and finance internationally.

  2. Palette secured partner agreements with leading organisations, such as Canon, to open up new opportunities across Europe and North America.
  3. Palette now also has subsidiary businesses in Denmark and Finland, cementing its market leading position in Scandinavia. Since opening its Finnish subsidiary last year the company has already signed up 15 new customers and signed three key partner agreements.

The success follows on from the release of PaletteArena 6.3, the latest version of the company’s core solution suite, earlier this year and Palette’s expansion in several territories including Finland, Denmark, USA, Canada, Australia, Africa and Asia, through the development of partner agreements and subsidiary organisations.

The release of PaletteArena 6.3 saw the addition of several new features to enable enhanced integration with corporate and personal payment card expenditure, and improve purchase order management:

  • a completely new user interface to simplify key functionality and processes;
  • further integration with PaletteConnectivityServices replacing paper based processes with their e-invoicing function;
  • increased spend management through PaletteExpense enabling oversight of credit card expenditure;
  • improved purchase order matching enabling users to link invoices based on value as well as quantity.

Palette’s CEO, Lars Ola Petters, commented:
“In the past 18 months we have seen growing interest in our solutions as more and more businesses realise the benefits, and return on investment, that e-invoicing and automated payments deliver. Palettes e-invoicing has grown 55% over the last 12 months and as we have grown internationally we have maintained our close customer focus, ensuring we continue to deliver market leading solutions and customer service.”

And:

“The growth we have experienced emphasises the quality of the solutions we offer, which deliver key benefits and efficiencies for businesses of all sizes. We want to continue this period of expansion and further enhance our presence across Europe, North America and other key geographies in the coming months, as we look to consolidate our position as the leading solution provider globally.”

 

 


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