HSB has signed a strategic and extended agreement with 24SevenOffice for an additional 4.5 years. The expected annual turnover for the agreement is approximately SEK 10 million. As the largest federation of cooperative housing in Sweden, HSB has been innovatively organizing cooperatives for over 100 years with the aim of improving housing and increasing residents' influence over their housing situation.
HSB manages invoice processing for more than 4,000 housing associations and approximately 350,000 apartments and 677,000 members. The AI accounting collaboration, which has been going on for several years, has proven to be very successful and efficient.
"We have been working together with 24SevenOffice since 2019 and are very satisfied with the cooperation. Their system has streamlined our supplier invoice management and freed up time for our accountants, allowing them to focus on more value-creating tasks. With the handling of well over a million invoices annually, this is a significant efficiency improvement for us", says Lars Callerud, Product Owner at HSB.
"We are pleased that HSB has chosen to strengthen and extend their partnership with us. This is yet another testament to how 24SevenOffice truly simplifies our customers processes, and we look forward to the continued journey together with HSB. It is exciting to see how our collaboration already contributes to increased efficiency among the economists in the regional associations, and it is clear that our AI platform for autonomous processing of incoming invoices stands out as the leading technology in the market." says Eirik Aalvik Stranden.