What Compello does

Compello is a Norway-based SaaS provider of AI-driven accounts-payable automation, founded in 1996 (per company history) and headquartered at Visma's head office in Skøyen, Oslo. The company operates a cloud platform on Microsoft Azure that ingests supplier invoices in any format — EHF electronic invoices, email, scanned paper and PDF — and applies machine learning to extract, code, match, route and post them with a stated 99.6% interpretation accuracy. The product set centers on the Compello Process platform and a modular suite covering invoice receipt, auto-coding, 2-way and 3-way PO matching, approval workflows (including a mobile app), an Invoice Firewall for supplier-side error correction, multi-client/group handling, dashboards, digital archiving compliant with Norwegian law, and adjacent modules for expense management (via Visma Acubiz) and procure-to-pay (via the Vieri partnership). The platform integrates natively with 40-50+ ERP systems including SAP, Microsoft Dynamics 365, Visma.net, Business Central, Oracle NetSuite, Unit4 and others.

Compello sells through a sales-led, consultative go-to-market targeting large and medium-sized enterprises in Scandinavia — specifically organizations with 40+ employees processing 10,000+ invoices annually across verticals such as construction, real estate, retail, food/seafood, automotive finance and professional services. Pricing is quote-based subscription on annual billing, with a public guarantee of 80% automation within six months and a stated 6-week standard implementation timeline. Distribution leverages Compello's own direct sales team of named advisors alongside the Visma ecosystem's pan-European reach.

Since being acquired by Visma — Europe's leading software company — in December 2020, Compello has retained an independent brand identity but operates within Visma's security, sustainability and product ecosystem. The company has grown to 60+ employees across offices in Oslo, Košice (Slovakia) and Colombo (Sri Lanka), serving 6,000+ customers primarily in Norway, Sweden and Denmark, with named enterprise references including Europris, Volkswagen Møller Bilfinans, Isola, Coop, Telenor, Porsche and Euronext.

Name

Compello

Legal name

Compello AS

Website

https://compello.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Compello is a Norway-based SaaS company that provides AI-driven accounts-payable automation for large and medium-sized Scandinavian enterprises, processing EHF, email, paper and PDF invoices through an Azure-hosted platform with 40-50+ ERP integrations.

Ownership category

akta.pro rank

Product category

Accounts Payable Automation Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

E-Invoicing & Invoice Presentment (B2B/B2G) (FSAMAJAF)

akta.pro secondary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

Keywords

• Invoice automation
• E-invoicing software
• Accounts payable automation
• Purchase-to-pay solutions
• ERP invoice integration

Headquarters

HQ city

Fornebu

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription-based SaaS: Compello operates as a cloud-based SaaS solution with subscription-based pricing for their invoice automation platform. The platform automates invoice receipt, coding, approval workflows, and ERP integration. Pricing appears to be based on invoice volume or transaction count.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Compello sells an AI-driven cloud SaaS platform (Compello Process) that automates the end-to-end lifecycle of incoming supplier invoices — receiving invoices in any format (EHF e-invoice, email, paper, PDF), extracting and coding data with machine learning, performing 2-way and 3-way PO matching, routing invoices through approval workflows, and posting to 40-50+ ERP systems. The platform also includes an invoice firewall, digital archive compliant with Norwegian law, mobile approvals, multi-client handling, and an integrated procure-to-pay module via the Vieri partnership.

Product overview

Compello is a unified AI-driven invoice automation platform for the Nordic/Scandinavian market, offered primarily as the Compello Process SaaS platform with a modular architecture of feature-specific add-on modules. The core platform handles end-to-end invoice processing (receipt, data extraction, coding, matching, approval, ERP export), while additional modules extend functionality into procurement (via Vieri partnership), expense management (via Visma Acubiz), multi-client management, digital archiving, and advanced reporting. The product targets medium and large B2B organizations in Scandinavia processing high volumes of supplier invoices, integrating natively or via API with 40–50+ ERP systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Compello Process (AI-driven invoice automation platform) Cloud-based SaaS platform, hosted on Microsoft Azure, that automates the full lifecycle of incoming supplier invoices — from digital receipt in multiple formats (EHF, email, paper, PDF), through AI-based data extraction with 99.6% accuracy, automated coding, 2-way and 3-way PO matching, approval workflows, and posting to 40-50+ ERP systems. Targeted at medium and large Scandinavian enterprises processing over 10,000 invoices annually.
• Vieri (Unified Procure-to-Pay) Procurement and purchase-order management solution delivered via the Vieri partnership, providing a unified purchase-to-pay (P2P) offering that combines sourcing, requisition, PO management, and integration with Compello's invoice automation. Targets Scandinavian organizations seeking an end-to-end P2P workflow including public sector contracts.
• Compello Mobile Approval App

Quantifiable outcome

• Over 90% automation of invoice handling tasks
• +7 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability7 records

Feature6 records

Partnerships

One partnership is on record.

• VismacoreOthersCompello is a 100% owned subsidiary of Visma, Europe's leading software company, acquired in December 2020. Compello operates with retained independent brand identity while sharing facilities with Visma at their head office in Oslo. Benefits include access to Visma's security infrastructure (VASP program), sustainability practices, and integration with other Visma products.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Medius: Swedish-headquartered AP automation and spend management vendor with very similar AI-driven invoice processing, PO matching and approval workflow functionality. Competes head-to-head in the Nordic enterprise and mid-market segment with comparable ERP coverage.
• Basware: Finnish e-invoicing and AP automation vendor with deep Nordic roots and global enterprise footprint. Directly comparable on invoice automation, supplier networks and ERP integrations, often competing in the same large-customer RFPs as Compello.
• Pagero: Swedish e-invoicing and Peppol access point provider (now part of Thomson Reuters). Closely comparable as a Nordic-origin e-invoicing specialist targeting the same compliance and PEPPOL/EHF use cases as Compello.
• ReadSoft (Kofax): Nordic-heritage invoice scanning and AP automation suite, now part of Kofax/Tungsten. Historically a direct competitor in OCR-based invoice processing and ERP-integrated AP workflows across European enterprises.
• Tipalti: AP automation platform covering invoice capture, approvals, payments and supplier onboarding. Comparable product surface to Compello's AI-driven AP suite, though more oriented to US and tech/SaaS-centric mid-market customers.
• AvidXchange: AP automation vendor focused on mid-market and enterprise invoice processing with B2B payment functionality. Closely comparable in offering AP automation, ERP integration and invoice workflow automation to a similar customer profile.

Broad incumbents

• SAP Ariba: SAP's broader source-to-settle and invoice management suite, often embedded with S/4HANA and competing for the same enterprise wallets as Compello, particularly for customers already standardized on SAP.
• Coupa: Broad business spend management platform with AP automation as one module among many (sourcing, procurement, expense, supplier management). Competes indirectly for the same AP/automation budget but with a much wider product portfolio.

Emerging players

• Tradeshift: Global e-invoicing and supply chain finance network with overlapping invoice automation and ERP-integration capabilities. Comparable on the e-invoicing/EDI side, though more globally oriented than Compello's Nordic focus.
• Stampli: AI-driven AP automation platform focused on invoice capture, approvals and ERP sync. Comparable in core AP functionality and in leveraging AI for automation, primarily competing in the North American and UK mid-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/compello01
• Facebookfacebook.com/compelloas
• LinkedInlinkedin.com/company/compello-as
• Instagraminstagram.com/compellogroup

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Compello