Member Article

Palette Partners with USA Enterprise Mobilization Specialist, Cogniserv

Enterprise purchase-to-pay specialist Palette is further expanding its presence in USA with a new partnership with rapidly growing business process outsourcing (BPO) and enterprise mobilization specialist, Cogniserv.

The strategic partnership will see Cogniserv deploying the PaletteArena accounts payable suite to power cloud-based invoice automation and management services for its clients. These services enable Cogniserv to offer companies of almost any size an automated, paperless processing solution, helping to improve customers’ accounts payable efficiency and reduce costs.

As a provider of innovative solutions and services, Cogniserv was looking for an AP and Procure-to-Pay (P2P) platform with true multi-tenancy capabilities, to further strengthen its position in BPO services.

Brian Rathe, Cogniserv’s CEO said: “Palette will be a new weapon in the Cogniserv’s arsenal of solutions and services. We needed a solution that would complement the documents processing capabilities we offer out of our Texas facilities. This partnership allows us to receive invoices and related AP documents, digitize and extract data and feed into the Palette workflow for matching and approval. The flexibility to offer all or part of these services will help us cater to the needs of businesses across different industries”.

“PaletteArena is also a great solution to integrate with FormServ (www.formserv.co), our mobile forms solution. This will enable users to complete invoices, POs and expense sheets through Smartphones and Tablets and seamlessly feed into Palette for processing”, added Prabhu Karunakaran, EVP & CTO at Cogniserv.

Lars Ola Petters, CEO of Palette said: “BPO is a growing trend with cost-conscious businesses that want to gain the benefits of automation quickly, and without the capital expenditure. By working with innovative partners such as Cogniserv, with its excellent track record in outsourcing services, we can deliver advanced business solutions to a wider range of companies. This partnership will play a key role in extending our presence in the US market.”

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, PaletteExpense 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.

This was posted in Bdaily's Members' News section by Lucy Beck .