The Institute of Financial Operations Welcomes Palette as a 2014 Silver Partner

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Growing international software and consulting group develops its relationship with membership organization.

We are pleased to partner with this globally leading company as we continue to expand our own international opportunities for membership and collaboration.

The Institute of Financial Operations is proud to announce that Palette, a Sweden-based software market leader, has established a silver partnership for 2014.

The Institute offers four levels of partnership — strategic, diamond, gold, and silver — for sponsors that are committed to the membership association’s core financial operations disciplines, which include accounts payable, accounts receivable, information management, and data capture.

“Palette delivers a full suite of accounts payable automation and purchase-to-payment software to clients around the world,” said Michael Mallon, chairman of the IFO's board of directors. “We are pleased to partner with this globally leading company as we continue to expand our own international opportunities for membership and collaboration.”

Founded in 1993, Palette uses intelligent workflows that can automate the entire purchase-to-pay process. The company’s flexible product suite — known as PaletteArena — allows customers to select products based on individual business needs, including options for cloud-based invoice processing. It’s a web-based end-to-end solution that integrates easily with accounting, information, and business systems to automate and streamline activity.

“The newest version of PaletteArena offers enhanced procurement functionality and a new cloud service for spend analysis,” said Palette’s CEO, Lars Ola Petters. “Version 6.2 has been carefully designed to give businesses much greater insight into their current financial position. This makes it easier for our customers to control spending on indirect items and helps to improve the bottom line through better management of costs.”

About The Institute of Financial Operations

The Institute of Financial Operations is a membership-based professional association serving the entire financial operations ecosystem, with a particular focus on the accounts payable and accounts receivable disciplines and the related fields of information management and data capture. The Institute grew out of the merger of four associations: International Accounts Payable Professionals (IAPP), International Accounts Receivable Professionals (IARP), the National Association of Purchasing and Payables (NAPP), and The Association for Work Process Improvement (TAWPI).

Based in Orlando, Fla., with affiliates in the U.S., Canada, and the UK, The Institute serves as a global voice, chief advocate, recognized authority, acknowledged leader, and principal educator for people in financial operations. The Institute has a community of nearly 70,000, which includes 9,000 members and customers, and an additional 61,000 financial operations professionals.

The Institute's members have access to benefits and leading-edge resources such as the award-winning Financial Ops magazine, a dynamic content-rich website, educational and networking events, online educational offerings, certification and certificate programs, career resources, and volunteer opportunities.

About Palette

Palette is a market leader in solutions for enterprise purchase-to-pay and automated processing of supplier invoices. The company’s accounts payable product suite, PaletteArena, offers the most automated approach to supplier invoice matching and straight-through-processing.

PaletteConnectivity Services (PCS) is an electronic trading hub that supports transactions between organizations in multiple formats, enabling easy rapid, processing. These solutions help customers achieve significant, measurable cost savings and efficiency gains across their accounting and business operations. Palette was founded in Sweden in 1993, and has sales offices across Europe and in the US, with over 1,400 customers in 34 countries. For more information, visit

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