BancTec, a global provider of business process outsourcing (BPO) for financial transaction automation and document management, has announced it will use PaletteArena, from enterprise purchase-to-pay specialist Palette, to power its AP Master SaaS solution which was launched in the UK this week.
BancTec’s AP Master software suite is a an 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 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.
David Ogden, sales director for BancTec said: “With 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 customers’ accounts payable efficiency and reduce costs.”
“Using Palette’s 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.”
