Partner Article

Björn Borg enhances accounting aperations with Palette

Björn Borg, the international fashion underwear company is to deploy an advanced, web-based invoice automation solution from enterprise purchase-to-pay specialist Palette, to enhance its accounts payable operations across Europe.

Björn Borg will use the PaletteInvoice from the PaletteArena suite of accounts payable automation solutions, to ensure that supplier invoices are processed, approved and scheduled for payment quickly and efficiently.

The company wanted a solution that could standardise accounts payable processes across the business, and simplify workflow for staff while giving complete visibility and auditability of its financial position.

PaletteInvoice will integrate with Björn Borg’s Navision ERP system to provide an up-to-date view of the company’s active invoices and open purchase orders resulting in more efficient financial analysis and oversight.

Magnus Teeling, CFO for Björn Borg said: “We want to improve efficiency in our AP processes, and give better overall control and analysis of our financial position. With Palette, we will be able to focus more on financial analysis, management and control, instead of routine tasks such as chasing authorisations or documentation related to invoices.”

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, PaletteMobile, PaletteMail, PaletteBuyer, PaletteContract 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 organization.

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