From 70 million SEK to a quarter of a billion – with the same person single-handedly managing the financial administration
Financial administration often gets overlooked in manufacturing companies. It’s seen as tedious and dull – but with the right tools, it can become both efficient and inspiring.
“We’ve gone from what feels like Stone Age methods to using the latest technology and the best support available,” says Mikael Vetterskog, CEO at Fårbo Manufacturing.
Together with Monitor ERP, Fårbo has moved from manual processes to a fully digital and integrated workflow. Today, the company uses several of Monitor’s financial features such as Electronic Invoice Management (EIM), Management Accounting, Monitor Expense, and Bank Integration.
We handle 250 million SEK a year far better and with less stress than when it was 70 million – thanks to several of Monitor’s financial functions
Since 2021, Fårbo’s turnover has more than tripled. However, the workload of financial administration can still be handled by a single person. And the results speak for themselves:
“We handle 250 million SEK a year far better and with less stress than when it was 70 million – thanks to several of Monitor’s financial functions.”
“That’s what’s possible when you use these functions wisely. I think that’s pretty amazing,” Mikael Vetterskog concludes.
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