Leading automotive maintenance network’s Nordic region to optimize financial and contract management, and invoice handling with web-based solution.
Euromaster, the leading tire 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 centers in 15 countries across Europe. The company will deploy PaletteInvoice to automate invoice processing, and PaletteContract to manage contracts across its centers 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 center managers.
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.
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