Industry: Hospitality
Headquarters: Oslo, Norway
Employees: 500+
Furset Group is a leading restaurant and catering group in Norway with almost 30 restaurants, canteens, and event venues. The company was founded by the renowned chef Bjorn Furset in 1997 and has over 500 full-time employees, serving thousands of guests annually.
The challenge
Furset Group wanted to standardize and automate as much of its restaurant operations as possible, including the company’s financial and back-office workflows like accounts payable (AP). The company needed a solution to help their finance employees reduce the burden of document management and allow them to do more with their time.
Also, Furset Group has a standardized chart of accounts across all of its restaurants and many of the same suppliers and agreements. This meant the restaurant group needed technology that could scale across multiple entities seamlessly.
The solution
The Vic.ai autonomous finance platform enables Furset Group to leverage autonomous invoice workflows across all the different restaurants, eliminating manual accounting work related to invoice management.
“In October 2019, we kicked off our AI initiative with a good workshop. We thoroughly reviewed the success criteria for making Vic.ai work optimally and got a sense of expectations, like how quickly we could expect to see automation,” said Sergej Malytchev, CFO of Furset Group.
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