Leading oil company to optimise financial management in UK operation with automated accounts payable solution, PaletteInvoice
Murco Petroleum is to deploy an advanced, web-based invoice automation solution from enterprise purchase-to-pay specialist Palette, to enhance its accounts payable operations.
Murco will use the PaletteInvoice, Supplier Portal and PaletteMobile elements of the PaletteArena suite of accounts payable automation solutions, to ensure that supplier invoices are processed, approved and scheduled for payment quickly and efficiently.
Murco wanted a solution that could standardise accounts payable processes across the business, and simplify workflow for staff while giving complete visibility and auditability of the financial position across multiple ERP’s simultaneously. With PaletteInvoice, we will be able to focus more on financial analysis, management and control, instead of routine tasks such as chasing authorisations or documentation.”
PaletteInvoice will integrate with Murco’s SAP and JD Edwards ERP systems 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. Murco anticipates the Palette solution will deliver closer control over costs and enabled accounting staff to work more productively.
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.