Leading automotive maintenance network’s Nordic region to optimise financial & contract management, and invoice handling with web-based solution
Euromaster, the leading tyre service and car maintenance network in Europe, is to deploy an advanced, web-based invoice automation solution from enterprise purchase-to-pay specialist Palette, to streamline financial management and improve efficiencies across its Nordic businesses.
Euromaster has 180 sites in Sweden, Denmark, Finland and Norway, and nearly 1,950 service centres in 15 countries across Europe. The company will deploy PaletteInvoice to automate invoice processing, and PaletteContract to manage contracts across its centres in the Nordic countries.
The Palette solutions will replace Euromaster’s current EDI-based invoice handling and matching system. The company wanted to further increase automation across its accounts processes to save staff time, improve efficiency, and minimize manual paper-based administrative tasks. Euromaster also wanted to achieve improved visibility of invoice status and transaction histories, to give closer control over finances and to support enhanced cost analyses.
Using PaletteContract will give Euromaster improved accuracy and visibility of its purchase contracts, helping to reduce errors and streamlining its overall purchase to payment processes. Both Palette solutions will integrate with Euromaster’s sales management and CODA financial management systems, and will be used by nearly 350 Euromaster finance staff and centre managers.
Ann Ström, CIO for Euromaster Nordic Zone said: “We want to unify our accounts payable processes into a single system, to improve efficiency, and give better overall control and analysis of our financial position. It’s also important that both finance staff and commercial manages can use the system effectively, to save them time and allow them to focus on strategic tasks. We expect that Palette’s solutions will help us to achieve these goals.”
Euromaster evaluated systems from three vendors, with input from its financial staff to ensure the solution chosen matched users’ requirements. The company selected Palette because of its rich functionality, its ability to be quickly customised to suit Euromaster’s needs, and its user-friendliness. The first phase of deployment will be completed by the end of 2012.
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 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.