The Swedish fintech company Neovici (publ) has signed a billing automation contract with OKQ8, one of the largest energy companies in Sweden. Neovic´s Cosmoz, a platform for Financial Process Automation has already proven records in automation, reaching full automation according to customer requirements. Cosmoz currently handles over $14 billion Euros in total annual payments automation volume.
OKQ8 is one of Sweden’s largest fuel companies and are driven by, together with members and customers, to be involved and influence the entire society’s transition to a sustainable tomorrow. In Sweden, OKQ8 has 743 stores all over the country and offer products to industries, shipping, workshops and agriculture. OKQ8 are also investing heavily in sustainable energy supply with climate-smart electricity contracts, solar panels and charging for electric cars.
“Neovici is very proud to that OKQ8 has chosen our real time and event driven automation technology. This contract is strategically very important for Neovici´s growth in the energy sector, says Jan Berggren, CEO of Neovici.
Since the launch of its automation platform Cosmoz, Neovici is managing finance automation for more than 2,300 grocery retailers and convenience stores and as well as for large telecom clients. Cosmoz reduces the operational workload with more than 90% including significant precision increase and zero tolerance for deviations.