Peab Project Development chose Palette
“We determined Palette would be our next system when we saw the breadth of functionality in the solution as well as the excellent cooperation between Palette and Vitec. We save a lot of time – time that can be spent on other tasks.”
About PEAB Project Development
Peab is a leading Nordic construction and civil engineering company with 15,000 employees and $5.75 Billion in net sales. The Group has strategically placed offices in Sweden, Norway and Finland. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden and is listed on NASDAQ. Peab’s business area Project Development
Saving time with AP Automation
Peab has four different business areas: construction, civil engineering, industry and project development. The business area project development handles Group acquisitions as well as development, management and divestment of residential and commercial property.
Peab Project Development had an invoice management system but several processes were still handled manually. Functionality was lacking when the contract for the system was expiring, Peab started to consider replacing its existing system for incoming supplier invoices. The choice fell quickly on Palette thanks to better functionality and proven integration with the existing Vitec financial system.
Among other things, Peab lacked functionality for accrual and amount limit, which was standard in Palette’s solution. For many years Palette and Vitec have worked closely together to deliver financial and invoice management solutions to the construction and real estate industry, something that Peab saw as a big plus. Özlem Sener, System Owner at Peab Project Development said:
“Thanks to the functionality in Palette we have eliminated all the manual touch points and the AP process is now completely automated.”
PEAB is managing 15000 more supplier invoices with the same number of employees using Palette. They save a lot of time, that can be spent on other tasks.
PEAB uses the csm service
Peab uses Palettes CSM-service (Customer Service Manager), which means they have a dedicated contact person at Palette. This service is customized according the specific needs of each customer. Some customers need help optimizing the solution whereas others need an extra hand to help out with configuration during busy periods.
Watch the video where Özlem Sener share her experience of Palette.
Read more about PEAB on their official website.
Solutions & functions
Maximise the automation of the invoice management by allowing the system to match invoices with purchase orders or contracts. Put resources towards exceptions and have time for more high-value work.
Allow your agreement and contract management to become easier and more enjoyable. Match recurring invoices automatically and receive reminders when contracts are to be terminated or renewed.
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