What is Continuous Accounting?

Palette Team

Accounting teams are increasingly expected to deliver real-time reporting on their organization’s performance. This is difficult when accounting processes are so often based on providing a snapshot into performance on a past date. Continuous accounting is an approach that helps finance and accounting teams provide real-time information and unlock insights faster.

It involves using automation and software to conduct accounting processes, providing a continuous stream of data. This gives accounting teams better visibility and enables them to focus on unlocking insights to help the business quickly. It also transforms the accounting workload; instead of peaking at the end of each period, it happens continuously throughout the period.

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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.