Palette won 250 new customers this year already, growing with more than 15%!

September 24, 2014  |  Adoption, E-procurement, Invoice Automation

Palette, Enterprise purchase-to-pay specialist, has announced strong international growth during 2014, despite an increasingly competitive marketplace. During the first half of 2014 Palette has won 250 customers across Europe, North America and Australia, expanding its customer base by more than 15% to over 1,600.

The growing customer base now includes organisations across a range of sectors including media, travel and food and drink, such as leading newspaper The Boston Globe, airline Canadian North, and coffee distributor Selecta. And there is more:

  • Palette has also built and strengthened relationships with new and existing partners, extending its market reach in Europe, North America and Asia-Pacific. Strategic partners include Canadian based EchoVera, Aztec Systems in the USA and Canon in Finland.
  • Palette also opened a new subsidiary in Finland earlier this year to further extend its market leadership in Scandinavia, and has already won several new Finnish customers.
  • Later this year Palette will launch the latest version of its PaletteArena enterprise purchase-to-payment suite. It enables users to achieve significant, measurable cost savings and efficiency gains in processing supplier invoices and purchase orders. It includes the products:
    - PaletteInvoice
    - PaletteMobile
    - PaletteMail
    - PaletteBuyer
    - PaletteContract
    - PaletteExpense
    - PaletteSpendManagement and
    - PaletteSupplier Portal,
    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 organization.

Lars Petters, Palette’s CEO, commented:
“2014 has been very successful for Palette, both in terms of our growing customer base and strong revenues over the first half of the year. We have also seen substantial growth from existing customers that have extend their relationship with us and purchased further modules to automate an increasing number of processes, for instance e-invoicing. One of the key drivers of this success has been the flexibility and scalability of our solutions, which enables both large enterprises and SMEs to gain a rapid and ongoing return on their investment from Palette deployments. We fully anticipate this upward trend in growth to continue for the rest of this year and into 2015.”


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