Eiendomsspar creates value with automated invoice management
Written by Thea Krekke
Chances are you've visited or noticed one of Eiendomsspar AS' properties in Norway. With properties such as the Grand Hotel, office properties and retail premises in well-known shopping streets all over Norway, the company has since 1982 grown to become one of the country's largest and most respected property managers.
It used to be said: "It takes a village" to describe demanding tasks. But today, the expression might be better suited as: "It takes service". This is especially true for the huge amount of invoices, projects and properties that Eiendomsspar AS handles every day.
With an annual invoice volume of around 20,000 and only 2 accountants checking everything, the company has been using Compello since 2011 to streamline its financial processes.
In 2019, they took the next step and moved the service to the cloud, which has provided even greater flexibility and efficiency. Today, they control over 100 companies.
Combining tradition with technology
Eiendomsspar AS balances traditional industry expertise with modern solutions to drive forward-looking property management. They prioritize high-quality locations and sustainable solutions as part of their work. In addition, they use digital tools to manage operations and finances, such as Compello's cloud-based invoice management.
With modern solutions such as auto-posting, historical postings and the ability to set up their own templates, they have reduced manual work in the finance department and achieved an impressive automation rate of over 64%.
“Vi hadde behov for papirløst system som håndterte vårt enorme fakturavolum med enkel brukervennlighet og søkefunksjon, og dette fikk vi med Compello“ Lise Eidsand, regnskapskonsulent i Eiendomsspar AS.
Sustainability in focus
As mentioned, the company has a strong focus on sustainability and green new buildings, and recently installed its fifth solar cell system during 2024.
Here from the solar cell system at Professor Birkelands vei 36 on Furuset in Oslo.
Eiendomsspar AS demonstrates how technology can make complex processes simpler and more efficient. With a strong emphasis on innovation, efficiency and sustainability, the company has laid a robust foundation for future growth.
Through an ideal blend of tradition, innovation and technology, they continue to be a beacon in the real estate industry - both nationally and internationally.
Compello is proud to be a part of this journey and looks forward to contributing to their success in the years to come!