Palette and Project Hosts have published the 16 operating procedures and best practices banks require when providing secure AP automation and Purchase to Pay automation SaaS services

CHICAGO, IL / ACCESSWIRE / February 26, 2020 / Palette and Project Hosts have published a whitepaper outlining the 16 operating procedures and best practices every bank requires for offering secure AP Automation and Purchase to Pay SaaS services.

New technologies are driving innovation and disrupting financial services faster than ever before. In the face of FinTech start-ups encroaching upon established markets, executives are demanding more from their IT departments.

Many financial services organizations are digitally transforming their operations by deploying state-of-the-art technologies for fraud prevention, business processes improvement, regulatory compliance, and spend management. One target of FinTech is the elimination of paper processes and lengthy approval cycles with accounts payable automation.

As well, Purchase to Pay platforms allow companies to control, regulate, and automate their indirect purchasing policies.

'Financial services institutions are uniquely positioned to take advantage of client demand for integrated invoicing and payment services,' said Michael Cichy, Palette Software, 'Providing AP automation and Purchase to Pay automation gives banks access to a new and exciting range of services to attract new clients, increase retention, and maintain a competitive edge.'

Palette and Project Hosts have made available SecureCloud P2P, an ultra-secure white label AP Automation and Purchase to Pay cloud service for banks and financial institutions. The two companies came together to design and deploy both private and public cloud environments offering unparalleled uptime, infrastructure, security, compliance, and support.

Following a risk-based approach with multiple layers of security and best practices, SecureCloud P2P's host environment encompasses a set of 16 necessary operating procedures and practices that continuously evolve according to industry trends and regulatory policies.

To get your copy of the whitepaper outlining these procedures and practices, go to: https://www.palettesoftware.com/whitepaper/bank-security-standards/

About Palette Software

Palette Software is a market-leading vendor of financial process automation for domestic and global corporations. Palette solutions automate the connecting and matching of purchase orders, invoices and contracts, on-premise or in the cloud. Customers experience significant and measurable cost savings, productivity gains and operational excellence. Palette solutions are GDPR compliant and optimize financial management for more than 4,000 customers in 50+ countries. With 25 years of experience, Palette and its partners offer automation solutions for organizations of all sizes worldwide.

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About Project Hosts

Project Hosts implements security and compliance on Microsoft Azure for the US Federal government, healthcare organizations, financial institutions and commercial enterprise. Project Hosts' pre-audited environments give organizations turnkey compliance for their applications, removing a key barrier to migration from on-premise deployments into Azure.

Project Hosts environments hold certifications and authorizations from ISO 27001, HIPAA, HITRUST, FedRAMP, and the DoD, including a DoD IL5 PATO. Project Hosts is just 1 out of 7 companies to achieve this authorization.

Healthcare organizations, federal, state and local government agencies, financial institutions and commercial enterprises rely on Project Hosts to ensure they have a cloud solution that meets their business needs, their budget and most importantly, protects their organization, employees and data from unauthorized access or theft.

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Contact Info:
Name: Michael Cichy
Email: Send Email
Organization: Palette Software Inc.
Address: 330 North Wabash Ave. 23rd Floor, Chicago, Illinois 60611, United States
Phone: +1-508-341-8101
Website: https://www.palettesoftware.com

SOURCE: Palette Software