PaletteExpense added to Palette’s colourful palette

February 12, 2013  |  Digitalisation, Financial software, Payment

A palette, in the figurative sense of the word,  refers to a selection of colours, as used in a specific art object or in a group of works comprising a visual style. Smart name for a company that brings a whole range, or should we say palette, of purchase-to-payment solutions. PaletteArena includes PaletteInvoice, PaletteBuyer, PaletteContract and a new colour has been added recently: PaletteExpense. PaletteExpense helps to automate processing of employee expenses.

Finance staff has flexible control

PaletteExpense gives finance staff flexible control over all expense-related parameters, and an easy-to-read dashboard overview of expenses claimed and owed to employees, together with cash advances and reconciliations.  This eases the administrative burden for staff in processing and approving expense claims, while delivering more accurate, timely tracking and payment of expenses.  The new product is part of the company’s core suite, PaletteArena, available as a cloud service or as an on-premise solution.

Automation is the word

Palette’s CEO, Lars Ola Petters, said:  “Expenses processing can be very time-consuming for accounting staff, because of the range of disbursement types and variations in allowable expenses for different employees. PaletteExpense automates much of the work involved in expense collection and approval, saving time for both accounts teams and for employees claiming their expenses.  It gives any business better visibility of and control over all types of staff expense payments.”

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