Robin Pulkkinen, CFO of Revenio Group, joined the SaaShop Podcast in early 2024. With almost nine years as CFO at Revenio, prior to that he worked in Silicon Valley based Technology companies.
Revenio is a medical technology company and is listed on Nasdaq Helsinki with the trading code REG1V. Revenio is a top player in the worldwide market for eye care devices. Their products include devices to measure intraocular pressure (IOP), capture fundus images, and assess vision fields. Revenio Group works almost all over the world.
You can see the Podcast or read this article to find out the benefits, what Revenio Group got.
Software challenges at Revenio
The problem was before consolidating all the software, that there were many software subscriptions under the company credit cards and every credit card was under employees’ personal name. When the employee left the house, there was a challenge to keep the subscriptions working.
Another problem with these personal credit cards was the usage limit: if it was too low, the subscriptions were canceled, again. But a really high credit limit is always an increased risk financially.
“Now we have consolidated everything with you guys. Collecting all receipts and getting all the details from purchasings and the number of invoices are now controlled. Instead of getting a hundred invoices and now just one, it saves the manual work and money.”
For instance, Adobe highlighted that processing a single invoice costs $15 – $40. With invoices reduced from 100 to 1, the software consolidation and savings are substantial.
“E-invoice in Finland and northern countries has made the billing process much easier. In Finland we never see a paper.”
Revenio has developed their systems, and now the IT department controls all the softwares’ admin and master user accounts. This way the passwords are not behind the employees and the control is better than before because all subscription information is centralized management in the IT department. Financial had before the problem to get all the invoices from personnel, but now this is a lot more straightforward and automated.
Software Consolidation Benefits and Recommendations
Pulkkinen advises companies with extensive software usage to consolidate to a single invoice for better efficiency and fewer headaches. Pulkkinen underscores the advantages of software consolidation:
- Streamlined management of user rights
- Fewer invoices due to consolidation
- Continuity of services with minimal downtime
- Reduced invoice processing costs
- Streamlined approval workflows
- Lower overall paymentsManagement to user rights
Cooperation and communication with SaaShop
Pulkkinen says that communication with SaaShop has always been smooth and it’s been easy to work with SaaShops employees. SaaShop work always close to their customers and always want to hear what the customer really needs. Customer focus is one of SaaShops values:
Our customers are at the heart of everything we do. We strive to provide them with the best possible experience and exceed their expectations.
He notes that there have been no complaints at Revenio about software consolidation with SaaShop.
As the podcast wraps up, Pulkkinen shares his passion for hockey and his admiration for the Toronto Maple Leafs, a storied NHL team with 13 Stanley Cup wins.
