Neovici Begins Implementation of Cosmoz with Leading Swedish Industrial Group
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Finans |
| Industri | Övriga finansiella tjänster |
Neovici has initiated the implementation of its Cosmoz platform with one of Sweden’s largest industrial groups. During this phase, the Company will generate consulting revenues, which are expected to have a positive impact on Neovici’s results in the third and fourth quarters of 2025. The platform is scheduled to be operational in the first quarter of 2026.
Cosmoz will be deployed to support the industrial group’s operations across 29 countries and process millions of invoices over the five-year contract period, with full deployment planned for early 2026.
Once in operation, the platform will automate accounts payable, order matching, and workflows within a complex multinational structure comprising numerous legal entities. The objective is to release internal resources, strengthen control and compliance, and enable faster, more scalable processes.
The implementation with the industrial group represents a significant milestone in Neovici’s international growth journey and underscores the Company’s competitiveness in the market for industry-specific AI tools and solutions.
Jan Berggren, CEO of Neovici, comments:
“This agreement clearly demonstrates the strength of our AI platform Cosmoz and its applicability across multiple verticals. We are impressed by the industrial group’s technical expertise, demanding requirements, and ambition to remain at the forefront of AI development. By enhancing their ability to streamline financial processes and free up resources, we are jointly creating a truly world-class solution.”
Contact
Jan Berggren, CEO and Founder
Email: jan.berggren@neovici.com
Phone: + 46 (0)70 615 10 01
About Neovici
Founded in Stockholm in 2009, Neovici Holding AB (“Neovici”) is a leading provider of automated services through the innovative SaaS platform Cosmoz. The company is constantly introducing new features with a focus on AI-driven automation and handles large transaction flows annually for players in retail, energy and telecom. Neovici operates in the Nordics, Latin America and Asia. In 2024, Neovici was listed on the Nasdaq First North Growth Market.
Read more at: https://www.neovici.se
Certified Adviser
The Company’s Certified Adviser is Eminova Fondkommission AB | +46 (0)8 684 211 10 | adviser@eminova.se