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Log inFinnish electricity company Lumo Energia is reshaping its invoice management by adopting Ropo’s single-provider model in both Finland and Sweden. The goal is a more cohesive invoicing and receivables management system which also enables real-time monitoring.
In Lumo Energia’s revamped invoicing system, the entire lifecycle of each invoice is managed by a single partner organisation. The service package provided by Ropo includes invoice delivery, automated payment control, reminders and debt collection, and customer service for payment-related issues. Also of prime importance are the financial management reports included in the service.
“The complete solution offered by Ropo effectively automates invoicing and receivables management, forming a seamless process that boosts our efficiency. From here on, Ropo will be partnering with us in both countries, which will also harmonise our business practices,” explains Lumo Energia CEO Otto Savasti.
“Another important feature for us is having full visibility of all stages in the invoicing process. Ropo’s reporting tools bring speed and ease to real-time monitoring, and invoicing data can be better utilized for business development,” Savasti continues.
Lumo Energia has seen fast growth, and the company’s goal is take its place among the top five electricity companies in Finland within the next five years. The number of customer locations is expected to exceed 100,000 by the end of this year.
This powerfully motivated and future-focused electricity company sees Ropo as a like-minded partner who has the vision and the courage to move things forward.
“Ropo has a good business approach and can provide answers quickly, so it is easy to work together,” Savasti adds.
The company’s invoice management will be handled by Ropo from April onwards. In Sweden, Ropo will also handle the company’s sales ledger. In Finland, Lumo Energia will continue to manage the ledger, with data transfer handled seamlessly through Ropo’s interface.
“Our keys strengths are in offering services which meet specific industry requirements and providing smooth implementation. Our position in the Finnish energy market is strong, and we are aiming for the same status in Sweden as well. Our Nordic-level partnership with Lumo Energia is important for us,” says Ilkka Sammelvuo, Managing Director of Ropo Capital Finland.
In addition to Lumo Energia, Ropo’s energy sector customers include Väre, Lumme Energia, Oomi Energia and Elenia.
For more information, please contact:
Mikko Uotinen, Ropo Capital Finland, Account Director, tel. +358 40 500 4339, mikko.uotinen@ropocapital.fi
Erik Åkerman, Head of Sales, Ropo Capital Sweden, tel. +46 700 818 118, erik.akerman@ropocapital.se
Otto Savasti, CEO, Lumo Energia Plc, tel. +358 41 366 5277, otto.savasti@lumoenergia.fi
Lumo Energia is a Finnish electricity company which was established in 2015. It is committed to providing its customers with clear products and first-class customer service. Growth has been fast, with the company now powering more than 70,000 homes. www.lumoenergia.fi.
Ropo Capital is the market leader in invoice management in Finland, covering the whole value chain of the receivables lifecycle, from invoice delivery to payment monitoring and receivables management. We compete on the Nordic markets as a technological forerunner – our operating model is based on the advantages of digitalisation and advanced automation. Headquartered in Kuopio, Finland, the company employs approximately 400 financial specialists in Finland, Sweden and Norway and serves more than 10,000 customers, from SMEs to the largest corporations. In total, Ropo Capital delivers over 170 million invoices and other documents annually. Our goal is to become the leading invoice lifecycle provider in the Nordics by 2023. www.ropocapital.fi.