About PEAB
Peab is a leading NASDAQ listed international 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.
In May 2022, Palette Software changed its name to Rillion.
| Customer | PEAB |
|---|---|
| Branch | Head Office |
| Area | Head Office |
| Business system | Custom |
| Invoices/year | 50 000 |
| Employees | 15 000 |
| Process automated | Invoices processing, Approval workflow |
Peab has four different business areas: construction, civil engineering, industry and project development.
Peab Real Estate 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 Rillion thanks to better functionality and proven integration with the existing Vitec financial system.
“We determined Rillion would be our next system when we saw the breadth of functionality in the solution as well as the excellent cooperation between Rillion and Vitec. We save a lot of time – time that can be spent on other tasks.” Özlem Sener, System Owner for Rillion at Peab Project Development
Among other things, Peab lacked functionality for accrual and amount limit, which was standard in Rillion’s solution. For many years Rillion 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.
PEAB is managing 15,000 more supplier invoices with the same number of employees using Rillion. Thanks to the functionality in Rillion PEAB has eliminated all the manual touch points and the AP process is now completely automated.
Read more about PEAB on their official website.
Schedule a Free consultation so that we can understand your needs and provide you with the best solution.
AP Automation for your
peace of mind- we got this.
Magnolia Bostad uses Rillion for Accounts Payable Automation