Estonian Scoro acquires invoice management platform Envoice

Estonian company Scoro has acquired Envoice, an Estonian invoice and expense management platform. Envoice will continue to operate as an independent company and brand.

The deal should lead to a comprehensive solution that combines the two software products: all expenses recorded in accounting will be immediately reflected in company budgets. This will allow companies to monitor their profit indicators in real time.

Scoro is a company that has developed a platform for managing work processes in an organization. The platform is used for professional services automation (PSA), covering the entire project lifecycle in a single system — from project management and resource selection to invoicing and advanced reporting. Scoro was founded by Estonian entrepreneurs Fred Krieger, Priit Matiisen, and Kristina Lilleõis in 2013. The company has offices in various countries, including the UK, the US, Estonia, and Latvia.

Envoice is an AI-powered platform for automating expense management and accounting. It helps businesses and accounting firms optimize their accounting processes by automating manual work. Envoice was founded in Tallinn, Estonia, in 2014.