Pagero

Digitalization and automation to reduce waste and ensure compliance

Company details

Year Aquired

2017

Location

Sweden

Revenue (2018)

267 mSEK

Sector

SaaS/Compliance

Employees

231

Investment Themes

Tech-Enabled Businesses

Contact

If you want to know more about Pagero please contact Christian Melby at: christian.melby@summaequity.com

Pagero develops and markets Pagero Online, a cloudbased platform that enables customers to send, receive and handle documents electronically within the purchase-to-pay, order-to-cash and logistics-to-pay processes. Pagero also develops a suite of supporting applications to help customers automate their processes and ensure accurate and locally-compliant documents, with minimum manual handling.

As a multi-tenant platform, Pagero Online is independent of ERP1 systems and is applicable to companies of all sizes and within all industries. Pagero also has interoperability agreements with other service providers to enable maximum global reach. Finally, Pagero’s value-added services, including data validation and enrichment services, automatically check and modify documents to help businesses meet changing local regulatory and industry requirements.

 

Challenge

Compliance, efficiency and waste reduction are increasingly important business considerations. A lack of standardization and the existence of multiple, closed business networks has led to many trading partners being unable to communicate electronically. Consequently, businesses are struggling to optimize the use of their resources while meeting increasingly stringent regulations and reducing paper waste.

 

%
share of expected VAT revenue lost due to non-compliance across the EU-27.
%
Accounts Payable cost reduction achievable through electronic invoicing

 

How do we solve it?

Pagero’s open, cloud-based platform is system-, ERPand network-agnostic. It enables seamless integration and connectivity across national borders. The platform converts all documents into one standard format, which can then be converted into any other format required by the clients’ trading partners. This system and its supporting applications enable 100% digital document flows while ensuring all documents are compliant with local regulatory requirements.

 

How do we improve?

One of the most important value drivers for Pagero is the size of the network, both in terms of transaction volume and the number of users in the network. Pagero’s strategy is therefore built around enabling truly global business through a single connection. Fundamental to achieving this is Pagero’s ability to be locally present, ensure integration with new technologies and other networks, and effectively and efficiently integrate changes in regulations into its platform.

 

Value creation

Pagero believes the open and global reach of the network, as well as its operability across borders and within different regulatory markets, are key. Pagero’s value creation is built around i) growing with its blue-chip customer base and entering new markets to provide a truly global offering, ii) scaling new markets by connecting local businesses and iii) developing the technology to meet the customer needs of today and tomorrow.

Year Aquired

2017

Revenue (2018)

267 mSEK

Employees

231

Investment Themes

Tech-Enabled Businesses

Sector

SaaS/Compliance

Location

Sweden

Contact

If you want to know more about Pagero please contact Christian Melby at: christian.melby@summaequity.com

Website

Video

SDG Alignment
SDG Wheel
SDG 3
SDG 12
SDG 16
KPI reporting
SDG 8

REVENUE (SEKm)

2018
+15%
267
2017
231
SDG 16

CLIENT ACCOUNTS IN PAGERO NETWORK

2018
+63%
27K
2017
16K
SDG 3

TREES SAVED

2018
+50%
3,516
2017
2,340
SDG 16

MILLION TRANSACTIONS

2018
+50%
29.3
2017
19.5

Learn more about Pagero

Summa Equity invests in Pagero Group

Summa Equity invests in Pagero Group, a company that develops and markets Pagero Online, a cloud-based network platform for communication of business documents within the purchase-to-pay, order-to-cash and logistic-to-pay (TMS) processes. Summa Equity becomes the largest shareholder. CEO Bengt Nilsson and management will remain invested alongside Summa Equity. Christian Melby, Partner at Summa Equity, said: “In our extensive…

Read the story

Summa Equity invests in Pagero Group

Summa Equity invests in Pagero Group, a company that develops and markets Pagero Online, a cloud-based network platform for communication of business documents within the purchase-to-pay, order-to-cash and logistic-to-pay (TMS) processes. Summa Equity becomes the largest shareholder. CEO Bengt Nilsson and management will remain invested alongside Summa Equity. Christian Melby, Partner at Summa Equity, said: “In our extensive...
Learn more