Since October 2011, a major provider of automotive financial services in the country has been a Compello customer. Over this decade, the collaboration between the company and Compello has evolved from an on-premise solution to a full cloud solution, achieving significant gains in streamlining and automating invoice management.
Every year, they process over 110,000 invoices and manage a portfolio of over 80,000 leasing and loan agreements nationwide, with a total turnover of around NOK 20 billion.
Volkswagen Møller Bilfinans
A major provider of automotive financial services in the country that handles over 110,000 invoices annually and manages a portfolio of over 80,000 leasing and loan agreements nationwide. With a total turnover of approximately NOK 20 billion, the company sought efficient solutions to streamline and automate their invoice management processes.
Automotive Financial Services Industry
Compello
Given their enormous volume of invoices, they require a robust, secure, and reliable solution to handle the complexity and scale of their processes.
Currently, 85.45% of invoices are received as EHF, providing a solid foundation for an automated invoice flow. In addition, a large portion of PDF and foreign invoices are handled and converted to EHF.
With Compello, they have achieved an impressive automation level of 94.49%! Security was a critical requirement, and Compello, as part of the Visma group, adheres to the industry’s strictest security standards and guidelines. They are proud to meet all the security requirements set by this leading automotive financial services provider.
No two companies are the same, and Compello’s solution reflects this variability through customization. As a SaaS company, Compello customizes solutions to fit individual customer needs.
The company has implemented several integrations, such as with Banqsoft, to optimize services, ensuring efficient and seamless financing processes for customers.
With several users working in Compello, security and user-friendliness are prioritized to allow safe and easy use, thereby enhancing efficiency in the finance department. Compello Support is highly valued for delivering a solution that is flexible, secure, and accurate.
With Compello’s support, the company is equipped with the right tools to push towards an automatic invoice flow in the future. Presently, they leverage features like reference checking, auto-costing, and multi-client, positioning themselves on the path to future autopilot operation!