Thanks to the integration between Lesslie PAY and Microsoft Business Central, Nordiska Rum gets more bang for their buck
By integrating Lesslie PAY with Microsoft Business Central, Nordiska Rum has cut its currency exchange fees by 30% and automated its bookkeeping. Moreover, they pay no transaction fees and enjoy a free multi-currency account.
Savings
Nordiska Rum saves hundreds of thousands of kronor through reduced fees and less time spent on bookkeeping.
Automation
Lesslie PAY's automation cuts hours from manual bookkeeping for international transactions, saving the company significant time.
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A furniture company based in Scania with numerous international transactions annually
Based in Broby, Nordiska Rum offers an extensive collection of over 5,000 premium furniture items and home accessories. Working closely with some of Europe's best manufacturers, they provide a diverse range of styles, from timeless classics to modern designs. Their focus on innovation and quality ensures a constantly updated selection to meet all home decorating needs.
Visit their impressive range of sofas, beds, dining tables, and outdoor furniture at www.nordiskarum.se
Key Results
Time is money
Lesslie PAY imports recorded supplier invoices from Business Central. Nordiska Rum can easily log into Lesslie PAY, click 'pay', and the invoice gets paid. The accounting is then automatically recorded in a journal in Business Central.
Seamless and easy onboarding process
Lesslie's onboarding process is very straightforward and simple. Nordiska Rum easily connected their bank and Microsoft Business Central to Lesslie PAY with just a link, instantly automating invoice data collection.
Greater insight into hidden bank fees
Lesslie informed Nordiska Rum about hidden bank fees, helping them to manage their finances better and reduce currency exchange fees for international transactions.
“Our trust in Lesslie significantly grew when they brought to our attention the previously unknown bank fees. This enabled us to streamline both our expenses and accounting processes. Thanks to their service, we now have a solid control over our international payments, something we truly appreciate!”
- Gordon Liljegren, CEO of Nordiska Rum
Every day, businesses involved in international trade are affected by hidden bank fees.
Nordiska Rum handles many international transactions on a yearly basis. After receiving information from Lesslie, they realised their previous methods were inefficient. The manual bookkeeping required for each transaction was time-consuming. Moreover, they had been paying unnecessarily high currency exchange fees to banks for each international transaction for several years.
This challenge is unfortunately not unique to Nordiska Rum; many companies engaged in international trade face similar issues daily, often completely unaware of the hidden costs associated with currency exchange margins. This is because banks are not obligated to be transparent about the fees they apply.
These challenges have impacted Nordiska Rum's resources and limited their growth opportunities. Each international payment became unnecessarily expensive, which negatively affected the company's profitability. The dual burden of inefficient bookkeeping management and excessively high bank fees has made it difficult for Nordiska Rum to remain competitive in the market, especially in today's economically challenging climate.
Less fees. More simple
Nordiska Rum integrated Lesslie PAY to its management of international transactions, reducing time-consuming manual processes and lowering previously hidden currency exchange fees from the traditional banks. The integration of Lesslie PAY with their ERP-system, Microsoft Business Central, allowed Nordiska Rum to immediately optimise its workflows, saving many hours of manual bookkeeping for international transactions. This simplified the management of international payments, ensuring faster and more accurate accounting results.
Nordiska Rum was impressed by the straightforward implementation of Lesslie PAY and highly valued the excellent communication from Lesslie's customer success team, who were always ready to assist when needed. The smooth and simple onboarding process, combined with proactive communication, has reinforced the trust in the partnership with Lesslie, providing Nordiska Rum with a "Less fees. More simple" financial handling for their cross-border payments.
Brightcom + miCROSOFT BUSINESS CENTRAL
Nordiska Rum chose BrightCom as its partner to get started with Microsoft Business Central. BrightCom offers its clients everything from installation to custom adaptation, training, and support, making it easier for smaller companies to leverage the business system to grow and streamline their operations.
For more information about BrightCom, contact Mats Gustafsson at mats@brightcom.se
Visit their instagram @nordiskarum.se
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