Should you automate invoice processing?
As businesses continue to come under pressure to improve financial efficiency, automation is an important lever in streamlining processes and increasing productivity. Various forms of finance automation have been around for quite some time, yet the rates of adoption still lag. According to CPA Advisor, for example, 47% of companies still haven't automated any portion of their AP processes.
The question for finance teams today is how to assess progress with finance automation and what areas to prioritize next. Our list of financial processes to automate covers common areas to start with. One of the areas with the highest return on time spent is invoice processing automation. Manual processes for paying invoices are error prone, time consuming, and painful for AP teams to follow. With plenty of automation solutions available, this is an easy area to prioritize. Read our full guide to invoice processing automation to learn more.
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Why Palette?
Automate calculations
Automate sales commission payments. Create commission rules, define a payout schedule and access monthly statements for each sales rep.
Motivate and coach with real time dashboards
Motivate sales professionals with real-time visibility into commissions. Coach your team, align everybody with company goals and drive long term sales performance.
Compare, simulate and design commission plans
Roll out new commission plans with ease. Compare plans and simulate new rules with a single click.
No more errors
Palette keeps history logs and tracks every calculation detail, helping you to reduce sales commission errors.
Reconcile revenue with CRM data
With Palette you can reconcile invoices and payments with CRM data and pay commissions to your reps only when the money is in the bank.
Create challenges with one click
Incentivize your teams on short term goals. Create a challenge targeting any KPI you want to uplift, drive better results and boost your company’s culture.
