CASE 3
eInvoicing freeing up time for other tasks at Norwegian craftsmanship company, Øyo AS
With roots dating back to 1882, family-owned Øyo AS blends heritage with modernity. By adopting eInvoicing, the small team has streamlined administrative tasks, saved time and resources while enhancing accuracy and efficiency in financial reporting.
One of the steel knives in the Øyo collection.
How Øyo streamlines its operations through eInvoicing
Øyo specializes in producing high-quality products such as knives and other tools for kitchen and outdoor use that are rooted in Norwegian craftsmanship and tradition. A family-owned company established in 1882 and located in Geilo, Norway, it is currently run by the fifth generation of the Øyo family, with Karianne Øyo and her sister at the helm.
Øyo and its small team of seven employees are actively adapting modern solutions to streamline their administrative processes, particularly in bookkeeping: “When we started using eInvoicing, we found that we spent less time handling paper invoicing. We have not exactly measured how much time we have saved, but we have clearly noticed the decrease in time spent on paperwork”.
Previously, we had to print out all the papers, fill in the necessary information in the system and then make notes so that we could match the system with the papers. Now it's just a few clicks and everything is sorted. This has allowed us as a team to spend more resources on other important tasks instead of manual data entries and paperwork. In addition, electronic invoicing has also improved both the accuracy and efficiency of our financial reporting.Karianne Øyo, Head of Administration at Øyo
Learn more about NSG&B’s pilots on cross-border eInvoicing and other digital business documents at https://nordicsmartgovernment.org/digital-business-documents