Magnolia Bostad automates invoices with Rillion
From 1,000-2,000 to 9,000 invoices a year – with a more stable and user-friendly solution than before.
Magnolia Bostad is a Swedish property company that develops rental housing, co-op apartments, public buildings and hotels in Sweden's growth centers and major cities – from Ystad in the south to Luleå in the north.
Since 2015, the company has used Rillion to handle incoming supplier invoices. Before the implementation, processing the then 1,000-2,000 invoices a year was entirely manual and increasingly time-consuming, with frequent errors and invoices disappearing in the process.
"I'm glad that Magnolia chose Rillion. I think the solution is more stable than the system I worked with previously," says Liliana Ivanoff, who is responsible for accounts payable, praising the solution's user-friendly interface – important, since many employees need to be able to use the system intuitively.
In the property industry, project invoices make up around 80% of Magnolia's incoming invoice volume, requiring special functionality for project invoicing and complex VAT scenarios such as reverse charge. Today, Magnolia processes around 9,000 invoices a year and is now exploring new AI-supported features for automatic coding.
"I'm glad that Magnolia chose Rillion. I think the solution is more stable than the system I worked with previously."
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