Correction – edited MAR reference: Large accounting group signs a 3 year AI contract with 24SevenOffice
Correction due to reference to the Swedish Financial Instruments Trading Act (1991:980), now corrected to the EU Market Abuse Regulation (EU nr 596/2014).
A large Norwegian accounting firm signs a 3 year AI contract with 24SevenOffice and will implement 24SevenOffice AI engine/module as their front system towards all its customers. 24SevenOffice AI Assistant is the leading cloud AI accounting module for accounting firms and enterprise businesses automating their invoice processing with AI on top of their existing accounting software. This will automate up to 90% of their manual bookkeeping work.
Based on existing invoice volume, estimated growth and expected automation level, this contract will have a total value of approximately 20 MSEK. The rollout starts in Q2 2021 and aims to be fully implemented during 2021. After the three year contract there is an option to continue at the same terms for another 5 years. This deal is done in cooperation with one of our enterprise integration partners, Propell.ai.
Propell.ai is a Nordic independent consulting firm focusing on exponential technologies. Propell.ai partners with larger private, government and public companies to transform their organizations in the ways that matter most to them. With people in 4 countries propell.ai combine global expertise and local insight to help clients turn their ambitious goals into reality.
This disclosure contains information that 24SevenOffice Scandinavia AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 29-03-2021 16:25 CET.
For further information please contact:
Ståle Risa, CEO
Tel: +46 70-023 63 03, firstname.lastname@example.org
24SevenOffice in brief
24SevenOffice's vision is to empower businesses for the future, through delivering world class cloud based business systems to small and medium-sized companies. The system is currently used by 59,900 companies in the Nordic region, with PwC, among others, as accounting partner. The business system is module-based, where the modules are provided independently or packaged as complete solutions. For more information see www.24sevenoffice.com