Bonava

Automated payment management saves Bonava's time

About client

Bonava is the leading residential construction builder in Northern Europe, creating homes and neighborhoods. The company operates in eight countries with 2100 residential professionals. We have helped to automate the financial processes of the constantly growing business of Bonava, which in turn saves time and reduces operating costs.

Challenge

Previously all bank account statements were coded manually which was time consuming. Statements were first printed and then the transaction entries were keyed into the general ledger manually.

Solution

Time saving due to Banking are significant. The automation of the company's payment management has released up to one-fifth of Amanda's working time as manual routine work is now done automatically.

Up to 20% time savings due to automation

 

Bonava has started its operations already in the 1930s. At present, the group builds more than 10 000 homes annually. For Bonava, it is important that the pricing of apartments actually enables residents being able to buy them. 

"Although we want to decrease housing prices, it doesn’t mean that we are compromising on quality"

 
Amanda Kujo, accountant at Bonava.

"Previously we coded all of our bank account statements manually. Statements were first printed and then the transaction entries were keyed into the general ledger manually. It was awful"

Amanda Kujo
Accountant, Bonava

User-friendly implementation project

Bonava’s Financial Manager Liisa Viima has been using our solutions in her previous jobs, starting from 1992. With the continuous development and cutting-edge technology, Our products have evolved, and customers can now enjoy their benefits, such as increased automation of payment management. In 2018, Bonava deployed the Banking SaaS cloud service, a multi-bank software designed to automate corporate payments and account reporting. 

"The deployment process was really user-friendly. We get the transaction codings from the software; we can send the payments, receive the incoming reference payments and import them directly into our ERP system. It’s really cool. We moved a massive leap forward.Volumes and hence the number of vouchers, for example, are increasing all the time. It is essential that we have proper tools."

Liisa Viima, Financial Manager at Bonava.

 

Up to 20% time savings due to automation

Time savings are now significant thanks to the Banking SaaS cloud solution. The automation of the company’s payment management has released up to one-fifth of Amanda’s working time as manual routine work is now done automatically. 

"Previously we coded all of our bank account statements manually. Statements were first printed and then the transaction entries were keyed into the general ledger manually. It was awful. Banking is very easy to use and intuitive program. It’s super easy to use, without the need of long trainings"

Amanda Kujo 

Liisa feels that our products truly offer value for the money. If you count together your time savings and other benefits enabled by this solution, the result is definitely on the positive side. 

"We can recommend this software and services from our heart. The product is fantastic"

Liisa Viima

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