Since October 2011, Volkswagen Møller Bilfinans AS, one of the country's leading providers of automotive financial services, has been a Compello customer. During this decade, the collaboration between Volkswagen Møller Bilfinans and Compello has traveled from an on-premise solution to a full cloud solution and achieved great gains in streamlining and automation of invoice management.
Every year, Volkswagen Møller Bilfinans processes over 110,000 invoices and manages a portfolio of over 80,000 leasing and loan agreements nationally, with a total turnover of around NOK 20 billion.
Automation and security in focus
Their huge volume of invoices requires a robust, secure and reliable solution to handle both the complexity and scale of their processes.
As much as 85.45 % of these come in as EHF today, which lays a good foundation for an automated invoice flow. With invoice reception in place, a large proportion of PDF and foreign invoices are also handled and converted to EHF.
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With Compello, Volkswagen Møller Bilfinans has achieved an impressive degree of automation of 94.49 %!
One of the most important requirements Volkswagen Møller Bilfinans set for Compello as a supplier was that the security of the solution was ensured. With the volume of invoices and all the data handled, security was important in all aspects: from user rights to invoice receipt. As part of the Visma group, Compello is committed to complying with the strictest security standards and guidelines in the industry. We are proud that we meet all the security requirements set by Volkswagen Møller Bilfinans for such a solution.
Customization is key
No two companies are the same, and neither is Compello's solution. One of the many benefits of being a SaaS company is the ability to customize each individual customer and their needs.
Volkswagen Møller Bilfinans has implemented several integrations to improve its services, including with Banqsoft. This integration allows the Compello system to function optimally, ensuring efficient and seamless financing processes for customers.
Volkswagen Møller Bilfinans has several users working in Compello. For such a large organization, security and user-friendliness are in focus so that employees can safely and easily use the solution and increase efficiency in the finance department.
So it's nice to hear that Compello Support is highly valued, in addition to good interpretation, security and accuracy in the solution. With around 20 approvers spanning different departments and roles, it's also important that the solution is flexible - so flexible that you can work from your car, of course! They work on a client basis, and with the multi-client function, they can easily access and control multiple clients in a single window.
Autopilot
With Compello behind them, Volkswagen Møller Bilfinans has the right tool to accelerate towards an automatic invoice flow in the future. Today, they benefit from features such as reference checking, auto-costing and multi-client, accelerating towards a future on autopilot!
We look forward to accelerating towards a fully automated future with Volkswagen Møller Bilfinans!
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