We are proud to announce our new strategic partnership with efacto, experts in invoice processes. efacto, with their specific focus on precision and reliability in handling companies’ incoming supplier invoices, guarantees accuracy and control that sets new standards for precision and reliability in invoice management.
TL;DRVisma Acubiz has formed a strategic partnership with efacto, combining Acubiz's expense management expertise with efacto's InvoiceFirewall technology for AI-driven supplier invoice processing. The partnership creates a more complete digital finance ecosystem by connecting employee expense management with automated handling of incoming supplier invoices.
In an era where digital solutions play a key role in streamlining financial processes, this partnership signifies a considerable step towards a fully digital ecosystem in creditor accounting. By combining Visma Acubiz’s expertise in facilitating easy and efficient expense management with efacto’s innovative InvoiceFirewall technology, which uses advanced algorithms and artificial intelligence to assist suppliers in billing accurately and 100% electronically.
“It is essential for us that the financial functions within companies move towards digitized and automated processes. Collaborating with efacto extends our offerings and provides our customers with even stronger tools for managing their financial processes,” says Anders Friis, Commercial Director at Visma Acubiz. “We have already seen the tangible benefits our mutual customers have gained from efacto’s solutions.”
Johan Bjørling, Managing Director at efacto, adds: “Although our solutions serve different parts of the financial processes, we share a vision of creating user-friendly, efficient, and automated tools. This partnership allows us to offer a holistic suite of financial solutions, which not only improve invoice and expense management but also the entire way companies manage their finances.”
With the new partnership between Acubiz and efacto, companies can look forward to a more streamlined process for expense and invoice handling, promoting greater control, accuracy, and insight into their financial operations.
For more information on this partnership and its benefits, please contact:
Johan Bjørling, efacto
[email protected]
+45 2062 7413
Anders Friis, Visma Acubiz
[email protected]
+45 2339 8440
Frequently Asked Questions
What does the Acubiz and efacto partnership deliver for finance teams?
The partnership combines Acubiz's expense management capabilities with efacto's InvoiceFirewall technology, which uses advanced algorithms and AI to ensure suppliers invoice accurately and electronically. Finance teams get a more complete digital workflow covering both employee expenses and incoming supplier invoices within a connected ecosystem.
What is efacto's InvoiceFirewall technology?
InvoiceFirewall is efacto's proprietary technology that helps suppliers submit invoices accurately and 100% electronically. It uses advanced algorithms and artificial intelligence to validate incoming invoices, reducing errors and manual handling in the accounts payable process.
What gap in the financial process does this partnership fill?
Acubiz covers employee-initiated expenses: receipts, mileage, travel, and corporate card transactions. efacto covers supplier invoices coming into the business. Together, they address two of the most manual-intensive parts of finance administration, creating a more end-to-end digital solution for creditor accounting.
How does the Acubiz-efacto partnership benefit existing Acubiz customers?
Existing customers who also handle supplier invoice processing can now access efacto's capabilities through a connected solution. According to Commercial Director Anders Friis, mutual customers have already experienced tangible benefits from efacto's technology, which motivated the formal partnership.