What Turnpikes does

Turnpikes ApS is a privately held Danish information-technology company founded in 2015 by Tim Stijven (CEO) and Siddharth Bisoi, both ex-OpenText veterans, and headquartered in Støvring with additional offices in Copenhagen, Stockholm, Calgary, Bangalore and Hyderabad. The firm operates as an OpenText Gold Partner and Technology Partner, specializing in the implementation, upgrade and maintenance of OpenText Vendor Invoice Management (VIM) for SAP and OpenText Extended ECM (xECM), supplemented by an end-to-end e-invoicing offering and Core Archive for SAP. Turnpikes also sells a portfolio of proprietary add-on software that fills functional gaps in standard OpenText deployments: Insights & Analytics for VIM (a SaaS dashboard suite with 11 out-of-the-box KPIs), a Migration Tool for bulk document migration, an Automated Testing tool for xECM, and a Power BI connector for xECM.

The company monetizes through three revenue streams: (1) resale of OpenText software licenses (primarily in the Nordics as a Gold Reseller), (2) professional services including greenfield/brownfield implementation, S/4HANA migrations, upgrades and integration work, and (3) managed services and ongoing support contracts. Distribution combines direct enterprise sales with a certified channel network — Aerow (France), Chrome Consulting (Australia/New Zealand) and Stratesys — that resells the Insights & Analytics product regionally. Pricing is quote-based with multi-year contract cadence typical of enterprise SaaS/services deals; no pricing is publicly disclosed. Turnpikes serves primarily large enterprise customers with complex SAP and content management footprints, with reference accounts spanning manufacturing (Grundfos, Velux), mining (Lundin Mining), oil & gas (OMV), shipping & classification (DNV, Port of Vancouver), retail (Coop) and the Swedish public sector. AI/ML capabilities (OCR, Smart Coding, anomaly detection, predictive analytics, generative-AI-augmented search) are embedded within the OpenText stack and surfaced via Turnpikes' analytics and integration layer, with no disclosed proprietary model development or research function.

Name

Turnpikes

Legal name

Turnpikes ApS

Website

https://turnpikes.pro

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Turnpikes is a Danish OpenText Gold Partner that implements and supports VIM for SAP and xECM solutions, sells proprietary analytics, migration, testing and Power BI add-ons, and serves large enterprise customers globally via direct sales and certified channel partners.

Ownership category

akta.pro rank

Headquarters

HQ city

Støvring

HQ country

Denmark

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licenses and Proprietary Software Sales: Turnpikes sells software licenses for OpenText products as a reseller, as well as their proprietary software products including Insights & Analytics for VIM, Migration Tool, Automated Testing Tool, and Power BI Connector.
2. Professional Services - Consultancy: Consulting services for implementation, maintenance, upgrades, and support of OpenText software including VIM for SAP and xECM. Services cover greenfield and brownfield implementations, S/4HANA migrations, and system integrations.
3. Managed Services and Ongoing Support: Post-implementation support services including continuous care, system monitoring, and managed services after go-live.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Turnpikes is a Gold OpenText Partner that resells and implements OpenText Vendor Invoice Management (VIM) for SAP and Extended ECM (xECM) for enterprise clients, while developing proprietary add-on software products (Insights & Analytics, Migration Tool, Automated Testing, Power BI Connector). They provide consulting, implementation, upgrade, managed services, and e-invoicing solutions globally across Europe, North America, and Asia.

Product overview

Turnpikes is an OpenText Gold Partner and software vendor offering a portfolio of proprietary add-on products and consulting services built on OpenText platforms. Their core offerings center on Vendor Invoice Management (VIM) for SAP and Extended ECM (xECM), supplemented by proprietary tools including Insights & Analytics dashboards, Migration Tool, Automated Testing, and Power BI Connector. The company provides full-service e-invoicing solutions and SAP archiving services. Their proprietary products are designed to address gaps in standard OpenText implementations, offering faster time-to-value for clients using VIM and xECM platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Insights & Analytics for VIM Proprietary SaaS analytics dashboard product that tracks and monitors KPIs of OpenText VIM and Accounts Payable processes for enterprises running SAP. Includes 11 out-of-the-box dashboards such as Vendor Invoice Overview, OCR Performance, Automation, Waste Analysis, Vendor Analysis, AP Dashboard, NPO Cycle Time, and more.
• Migration Tool for xECM Proprietary tool for migrating millions of documents to relevant workspaces in OpenText Extended ECM (xECM). Features out-of-the-box connectors to OpenText, Microsoft, Salesforce, file systems, network drives, and APIs, with flexible input from databases, CSV, and XLS files.
• Automated Testing for xECM Proprietary automated testing tool for OpenText Extended ECM that reduces manual testing effort and the risk of errors during feature rollouts. Provides consistent testing environments, browser-based and command-line control, and automated failure/success reports.
• Power BI Connector for xECM Proprietary connector that brings Power BI capability into OpenText Extended ECM, enabling users to find insights and analytics from ECM data within Power BI dashboards.
• OpenText Vendor Invoice Management for SAP (VIM) OpenText Vendor Invoice Management for SAP Solutions (VIM) resold and implemented by Turnpikes. A leading invoice management solution fully integrated with SAP that automates processes, enhances data quality, improves performance, and scales with business, supporting SAP ECC and S/4HANA.
• OpenText Extended ECM (xECM) OpenText Extended ECM (xECM) resold and implemented by Turnpikes. Governs the information lifecycle by connecting business applications, streamlining workflows, automating processes, and providing insights from data, with integrations to Teams, Salesforce, SAP, ServiceNow, and Microsoft 365.
• E-Invoicing Solution End-to-end electronic invoicing solution supporting multiple global standards including UBL, Peppol, ZUGFeRD, CII, EDIFACT, X12, and FACTURAe, covering creation, sending, receiving, processing, automation, storage, and archiving for organizations facing e-invoicing mandates.
• OpenText Core Archive for SAP Solutions OpenText Core Archive for SAP Solutions is a cloud-native archiving solution that manages SAP and non-SAP data via SAP ArchiveLink, ILM interface, or CMIS interface. Reduces storage costs, accelerates S/4HANA migrations, and ensures compliance.

Quantifiable outcome

• Touchless invoice rate improvement from 1% to nearly 13% within two quarters (Lundin Mining case study)
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability11 records

Feature4 records

Partnerships

Four partnerships are on record, tiered regional, core and minor.

• AerowregionalChannel Partner/ Reseller/ Distributor · 1 January 2024Aerow became a certified Turnpikes Partner and is authorized to resell Insights & Analytics for VIM solution in France. Aerow is a French leader in Enterprise Content Management and Intelligent Information Management with over 20 years of experience.
• OpenTextcoreStrategic or Co-development Partner · 1 January 2015Turnpikes was founded in 2015 by two ex-OpenText veterans and operates as a Gold OpenText Partner and OpenText Technology Partner. They are specialized in implementing OpenText VIM for SAP and Extended ECM (xECM), reselling OpenText products in Nordics, and providing global technology partnership for OpenText solutions.
• Chrome ConsultingregionalChannel Partner/ Reseller/ DistributorChrome Consulting was selected as a certified Turnpikes Partner, authorized to offer Insights & Analytics for VIM to customers in Australia and New Zealand. They are the largest and most experienced OpenText certified implementation partner for SAP in ANZ.
• StratesysminorChannel Partner/ Reseller/ DistributorStratesys was appointed as an Authorized Turnpikes Partner, allowing them to offer a wider range of services for Procure to Pay processes.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• msg systems: Large European IT consultancy with a strong SAP and enterprise content management practice. Competes for the same OpenText VIM/xECM implementation RFPs as Turnpikes and serves overlapping enterprise customers in DACH and Nordics.
• DXC Technology: Global IT services firm with an enterprise content management practice built around OpenText. Competes for xECM and VIM implementation engagements with similar enterprise buyers.
• All for One Group: Mid-market SAP-focused consultancy with established invoice management and S/4HANA migration offerings. Overlaps with Turnpikes on VIM implementations for European enterprise customers.
• Tata Consultancy Services: Global systems integrator with a large SAP and OpenText practice delivering enterprise-scale VIM and ECM programs. Represents a scale-tier competitor for multi-region, multi-year engagements Turnpikes pursues.
• Wipro: Global SI with OpenText and SAP capabilities delivering AP automation and content management transformations. Competes with Turnpikes for enterprise VIM deals, particularly in shared services and BPO contexts.
• Syntax (formerly itelligence): Global SAP managed services provider with a sizable OpenText practice. Competes for large VIM and xECM transformation deals and shares Turnpikes' enterprise mid-market target buyer.
• Capgemini: Global SI with deep SAP S/4HANA and OpenText ECM practices serving large multinational accounts. Competes with Turnpikes on enterprise content management and invoice automation deals across Europe and North America.

Direct peers

• LeverX: SAP Gold Partner with deep Vendor Invoice Management (VIM) by OpenText practice, offering implementation, consulting, and proprietary add-ons. Directly competes with Turnpikes for SAP VIM consulting deals and serves a similar enterprise AP/finance buyer.
• Chrome Consulting: Largest and most experienced OpenText certified SAP implementation partner in Australia and New Zealand, certified Turnpikes Partner for Insights & Analytics for VIM. Competes with Turnpikes in ANZ while reselling Turnpikes' proprietary product line.
• Aerow: French Enterprise Content Management and Intelligent Information Management consultancy with 20+ years' experience and Turnpikes' certified channel partner in France. Both firms sell and deliver OpenText ECM/VIM solutions to enterprise AP and information management buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@turnpikes
• LinkedInlinkedin.com/company/turnpikes

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Turnpikes