Major North American Newspapers Embrace Electronic Invoicing

Major newspapers in Canada and the U.S. embrace electronic invoicing, a technology that reduces their carbon footprint and gives executives greater visibility.

Online PR News – 24-August-2014 – Toronto, Ontario – Two of North America’s largest daily newspapers have deployed web-based electronic invoicing from EchoVera, a provider of accounts payable automation solutions. Both newspapers are using the technology to process, approve and schedule the 65,000 supplier invoices they receive annually. The technology is part of EchoVera’s PaletteArena Suite, called PaletteInvoice.

Ralf Leitner, President of Echovera, said, “Progressive organizations in Canada and the U.S. are joining what has been a huge trend in Europe, and that is moving away from paper invoices. Any paper or emailed invoice can be processed for less than the price of a cup of coffee - with fewer errors or misplaced documents. We also find financial executives are enjoying the visibility they get with our electronic invoicing solution – like knowing what their payables are in real time.”

Additional benefits of electronic invoicing to both organizations include:
• reduction of each organization’s carbon footprint
• PaletteArena is flexible, in the cloud and on-premise
• executives can see an audit trail at any time

About EchoVera: EchoVera specializes in accounts payable solutions and is the Master Distributor for PaletteArena in Canada. PaletteArena is used by over 1400 customers in 34 countries worldwide.