Enterprise purchase-to-pay specialist Palette has announced BancTec, a global leader in business process outsourcing (BPO) for financial transaction automation and document management, will use PaletteArena to power its AP Master SaaS solution which is launched in the UK today.
BancTecâs AP Master software suite is a comprehensive and fully automated web-based SaaS Accounts Payable solution. AP Master was launched by BancTec in the US two years ago and is now available in the UK to provide additional benefits in managing the complete accounts payable cycle for corporations and businesses operating in the UK and Europe.
Powered by PaletteArena, the solution is offered to customers as either a hosted environment or licensed for customers to deploy in-house.
AP Master addresses the entire value chain from purchase to payment with services such as invoice receipt and data capture, resulting in faster implementation times, improved productivity and reduced costs.
David Ogden, sales director for BancTec, said: âWith our established partnership with Palette already benefiting businesses across the US, we wanted to extend the benefits of AP Master to the UK. We will be able to offer businesses of any size an automated, paperless processing solution to help improve customersâ accounts payable efficiency and reduce costs.â
âUsing Paletteâs web-based architecture enables us to give users secure access to invoice workflows in the cloud and complete visibility of their supplier ledger. Our accounts payable automation solution reduces the time and money spent on AP processing, allowing staff to focus on business matters by eliminating time-intensive administrative tasks.â
Lucy Beck, sales director for Palette UK said: âWorking with partners such as BancTec enables us to provide customers with a fully integrated AP automation solution that delivers real efficiency gains and a strong ROI. Banctecâs launch of AP Master in the UK will undoubtedly strengthen our already fruitful partnership, and extend the benefits of our combined expertise to new customers.â