Pasi Vilhunen, CFO of Bravedo comments the decision to choose Palette’s invoice processing solution. Changes were implemented simultaneously in all companies and financial processes are now centrally managed. Purchase ledger and financial administration of the companies were closed involved in planning the change.
The company wanted to be able to concentrate on essentials through automation. All the companies are using invoice automation solution together with PaletteContract module, which matches recurring invoices directly to contracts without manual intervention.
Now the processes are transparent with tools to manage them and reports are clear. The average circulation time of an invoice has dropped from 16 days to 4 days.
The transparency of the process helps to tackle bottle necks, even out workload and steer the actions efficiently. Workload can be monitored on personal level and collection of information for reporting and management is quickly done.