Skovik
Skovik AB is a Stockholm-based bootstrapped SaaS company that provides a cloud expense management platform with AI-powered receipt scanning for mid-market and enterprise customers in 70+ countries, monetized via per-user subscriptions across Essential, Premium, and Enterprise tiers.
- Company typePrivate
- Founded2013
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Skovik does
Skovik AB is a privately held Swedish software company founded in January 2013 in Stockholm that develops a cloud-based expense management platform for mid-market and enterprise customers. The product serves hundreds of companies across more than 70 countries and processes millions of expenses annually, with named enterprise customers spanning fintech (Klarna), hospitality (Scandic), media (Storytel), manufacturing (Ovako, OKQ8, Hedin Mobility Group), construction (Engcon, Ahlsell, Veidekke), healthcare (Kry, Karo Healthcare, Oncopeptides), retail and IT (Dustin, Lyko), and parking technology (Easypark). The company is co-founded by Fredrik Calissendorff and Alexander Sandström, lists 11-50 employees, maintains a second office in Hamburg, Germany, and appears bootstrapped.
The platform combines expense reporting, mileage tracking, per diem calculation, corporate card reconciliation, policy-based approval workflows, and multi-jurisdiction tax compliance into a single cloud product. Receipts are captured by AI-powered computer vision accepting photo or email inputs, with the AI claimed to distinguish receipts from order confirmations and identify line items. Infrastructure runs on AWS in Ireland and Germany under ISO 27001, SOC 3, and GDPR compliance, supports OpenID-Connect SSO across Google Workspace, Microsoft Azure AD, Office 365, Okta, OneLogin, Ping Identity, Auth0, and Gluu, and exposes a public REST API at api.skovik.com/v1. A CO2 carbon emissions reporting module supplements the core product by estimating climate impact from travel expenses.
Skovik uses a hybrid go-to-market combining self-serve signup on an Essential tier (€10 per user per month, billed monthly, for companies under 50 employees) and consultative sales for Premium and Enterprise tiers priced custom annually with added API access, multi-branch support, SSO, audit logs, and dedicated success managers. Pre-built integrations with Workday, SAP, Oracle NetSuite, BambooHR, Deel, Hibob, Unit4, Microsoft Dynamics 365, AirPlus, and other ERP, HR, payroll, card, and identity systems function as distribution channels, complemented by a documentation hub, G2 review presence (4.8 stars with Summer, Enterprise, and EMEA Leader badges in 2024), customer stories, and regional phone support across Germany, Denmark, Finland, the UK, Norway, and Sweden.
Skovik firmographics
Firmographics- Name
- Skovik
- Legal name
- Skovik AB
- Website
- https://skovik.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Skovik AB is a Stockholm-based bootstrapped SaaS company that provides a cloud expense management platform with AI-powered receipt scanning for mid-market and enterprise customers in 70+ countries, monetized via per-user subscriptions across Essential, Premium, and Enterprise tiers.
- Ownership category
- akta.pro rank
Skovik industry classification
Industry- Product category
- Expense Management Software
- NAICS
- Payroll Services (541214), Custom Computer Programming Services (541511), Other Accounting Services (541219), Offices of Certified Public Accountants (541211)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Expense Management & Reimbursements Administration (BPACAIAH)
- akta.pro secondary industries
- Employee Expense Capture & Reimbursement (T&E) (THACADAA), ERP/HRIS/Payroll Integration for Expense & Spend Data (THACADAK), Payroll Tax Filing, Compliance & Regulatory Reporting (BPAAAHAB)
Keywords
Where Skovik is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices2 records
Markets served
Skovik business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription - Per User: Recurring subscription revenue charged per user per month. Three tiers: Essential (€10/user/month), Premium (custom annual pricing), Enterprise (custom annual pricing). The white-collar average is €3,500 per month plus 25% adjustment for non-wage labor costs used in cost calculator.
- Implementation Services: Implementation specialists available to help with onboarding and configuration, offered as an additional service alongside the core subscription
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Essential - Ideal for small businesses up to 50 employees |
| Subscription | Annual | Premium - Growing businesses with multiple branches up to a few hundred employees |
| Subscription | Annual | Enterprise - Global businesses with thousands of employees |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels9 records
Skovik product offering
Product offeringCore offering
Skovik provides an AI-powered expense management SaaS platform that automates receipt scanning, mileage tracking, per diem calculation, corporate card reconciliation, and approval workflows for businesses. The platform supports multi-country tax compliance (Sweden, Norway, Denmark, Finland, Germany, Netherlands, UK, USA, Canada) and multi-entity corporate structures, with native integrations to ERP, HR, and accounting systems.
Product overview
Skovik is a global expense management platform consisting of a unified core product with multiple integrated modules. The platform centers on AI-powered expense reporting with receipt scanning, complemented by mileage tracking, per diem management, and corporate card reconciliation modules. Compliance tools include review workflow, company policies, CO₂ reporting, and multi-country tax compliance (Global). Admin tools cover custom fields and rules, product security (SSO, audit logs), and implementation specialists services. The platform is offered in three pricing tiers (Essential, Premium, Enterprise) with an additional Public API product for custom integrations.
Differentiator
Problem solved
Functional benefit
Products and services
- Skovik Expenses AI-powered expense reporting platform that lets employees submit, attach, and approve expenses with automated receipt scanning and policy enforcement, aimed at finance teams and employees in SMB to enterprise customers.
- Skovik Mileage Mileage tracking module that allows employees to log business trips by kilometers or miles and route maps, automatically calculating reimbursable amounts against company rates.
- Skovik Per Diem Per diem management module that automates daily allowance calculations for travel days, supporting multi-country rates and configurable rules for travel-related reimbursements.
- Skovik Card Reconciliation Corporate card reconciliation module that matches card transactions with receipts and expenses, surfacing unmatched items for finance teams to resolve.
- Skovik Review Workflow Approval and review workflow module that routes expense reports through configurable approver chains with notifications and audit trails for finance managers.
- Skovik Company Policies Policy enforcement module that lets administrators define expense rules, limits, and category restrictions so submissions are automatically checked at entry and approval.
- Skovik CO2 Reporting CO2 emissions reporting module that estimates carbon footprint from travel expenses and produces sustainability reports for finance and sustainability teams.
- Skovik Global (Multi-country Compliance) Multi-country compliance module that handles country-specific tax rules, per diem rates, and currency settings for Sweden, Norway, Denmark, Finland, Germany, Netherlands, UK, USA, and Canada.
- Skovik Public API Public REST API that allows developers to programmatically read and write expenses, receipts, and reference data, enabling custom integrations with ERP, HR, and accounting systems.
- Skovik Implementation Specialists Paid onboarding and implementation service where Skovik specialists configure company policies, integrations, and workflows for new customers, particularly Enterprise accounts.
Quantifiable outcome
- Three minutes average expense completion time
- +4 more outcomes
Companies that use Skovik
Customer profileNamed customers15 records
Segments6 records
Ideal customer profiles3 records
Skovik technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration28 records
AI capability2 records
Feature8 records
Skovik partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core and major.
- WorkdaycorePre-built integration with Workday for HR and finance data synchronization. Workday is one of the major HR/finance platforms in the enterprise market.
- SAPcorePre-built integration with SAP ERP systems for accounting and financial data export.
- OraclecorePre-built integration with Oracle ERP Cloud for bookkeeping exports and data synchronization.
- NetSuitecorePre-built integration with Oracle NetSuite for real-time accounting data synchronization.
- BambooHRmajorPre-built integration with BambooHR for HR data and employee synchronization.
- DeelmajorPre-built integration with Deel global HR and payroll platform for contractor and employee management.
- HibobmajorPre-built integration with Hibob HR platform for employee data synchronization.
- Azure AD (Microsoft)coreReady-made SSO integration with Microsoft Azure Active Directory for enterprise identity management.
- Google WorkspacecoreReady-made SSO integration with Google Workspace for enterprise identity management.
- Office 365 / MicrosoftcoreReady-made SSO integration with Microsoft Office 365 for enterprise identity management.
- AirPlusmajorPre-built integration with AirPlus corporate card and payment solutions.
- Visma (Agda PS)majorPre-built integration with Visma Agda PS payroll and HR system popular in Nordic markets.
- SD WorxmajorPre-built integration with SD Worx European HR and payroll provider.
- Unit4 AgressomajorPre-built integration with Unit4 Agresso ERP for accounting and financial management.
- Microsoft Dynamics 365majorPre-built integration with Microsoft Dynamics 365 for ERP and business applications.
- OktacoreOpenID-Connect SSO integration supported for Okta enterprise identity management.
- OneLogincoreOpenID-Connect SSO integration supported for OneLogin enterprise identity management.
- Ping IdentitycoreOpenID-Connect SSO integration supported for Ping Identity enterprise identity management.
- Auth0coreOpenID-Connect SSO integration supported for Auth0 customer identity platform.
- GluucoreOpenID-Connect SSO integration supported for Gluu open-source identity management.
- AWScoreInfrastructure provider - servers hosted in AWS data centers certified under ISO 27001, IT Grundschutz, and SOC 3 with redundant power and backup generators.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
Skovik competitors and assessment
Company assessmentDirect peers
- Emburse: Enterprise expense and AP automation suite (Chrome River, Abacus, Captio, etc.) targeting mid-market and global corporations. Directly comparable on multi-entity expense workflows and integrations to ERP/HR systems.
- Expensify: Public SaaS expense management platform with AI-driven receipt scanning and corporate-card reconciliation. Closest direct competitor to Skovik in the standalone expense-reporting category targeting SMB through enterprise.
- Rydoo: European expense and travel management platform serving mid-market and enterprise with multi-country tax compliance. Direct competitor with overlapping geographic footprint and similar target buyer profile.
Emerging players
- Ramp: US-originated all-in-one finance platform combining corporate cards with expense, bill pay, and accounting automation. A growing competitor for global accounts, though primarily US-distributed today.
- Brex: Corporate card and spend management platform that embeds expense management and bill pay. Increasingly direct competition at mid-market, especially where card-led distribution advantages apply.
- Pleo: European spend-management platform pairing corporate cards with expense management and bookkeeping automation. Overlap with Skovik on receipt capture and expense reporting, but with a card-led economic model.
- Airbase: Spend management platform combining bill pay, corporate cards, and expense approvals for mid-market. Comparable to Skovik on approval workflows and ERP integrations, with a comparable target buyer segment.
Broad incumbents
- Zoho Expense: Expense management module within Zoho's broader finance/HR suite. Competes with Skovik via cross-sell from Zoho Books/CRM, especially at SMB, with growing enterprise-tier capabilities.
- SAP Concur: SAP-owned, category-defining expense, travel, and invoice management suite serving global enterprises. Most direct overlap on multi-jurisdiction expense compliance and ERP integration, but operates as part of a much broader SAP portfolio.
Regional players
- Soldo: European corporate-spend platform offering prepaid cards with expense management features. Comparable multi-country tax compliance focus and overlapping UK/Italy/DACH mid-market positioning.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Skovik social profiles
Digital presenceSkovik compliance and trust
Trust signalCompliance4 records
Skovik financial estimates
Financial estimateRevenue estimate
Valuation estimate
Skovik leadership team
Management profileNumber of profiles
Profiles2 records
Skovik funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Skovik M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Skovik
What does Skovik do?
Skovik provides an AI-powered expense management SaaS platform that automates receipt scanning, mileage tracking, per diem calculation, corporate card reconciliation, and approval workflows for businesses. The platform supports multi-country tax compliance (Sweden, Norway, Denmark, Finland, Germany, Netherlands, UK, USA, Canada) and multi-entity corporate structures, with native integrations to ERP, HR, and accounting systems.
Is Skovik a public or private company?
Skovik is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Skovik founded?
Skovik was founded in 2013. It employs 11 to 50 people.
Where is Skovik based?
Skovik is headquartered in Stockholm, Sweden, in the Europe region.
How does Skovik make money?
Two revenue lines are on record. Subscription - Per User is the primary driver. The others are implementation Services.
Who are Skovik's main competitors?
Direct peers on record are Emburse, Expensify and Rydoo. Emerging players are Ramp, Brex, Pleo and Airbase. Broad incumbents are Zoho Expense and SAP Concur. Soldo is listed as a regional player.
Does Skovik have an API?
Yes. Skovik provides a REST API at https://api.skovik.com/v1 for integrating with external systems. The API supports bearer token authentication and JSON media type. Available endpoints include: Users management (with PATCH method for updates), Export orders (create, read), Company branches (list), Custom field options, and Signed receipt links. The API is available on Premium and Enterprise plans. Asynchronous processing is used for export orders, with webhook support for completion notifications. API key format updated in 2025-12-01 to include identifier and prefix (format: .). Version 2025-12-01 introduced 13 breaking changes including requiring PATCH instead of PUT for updates, bearer token-only authentication, and restructured response data format. Developer documentation is at developer.skovik.com.
What industry is Skovik in?
Skovik's product category is Expense Management Software. Its primary akta.pro industry code is BPACAIAH, Expense Management & Reimbursements Administration, with a secondary code of THACADAA, Employee Expense Capture & Reimbursement (T&E). Its NAICS code is 541214 and its SIC code is 7370.