Avalo and Nordic Banks
The Nordic countries form a significant and highly integrated economic area. Beyond geographical proximity and shared values, the business cooperation is built on a foundation of efficient logistics and deep-rooted trade relations. While many companies view the region as a single 'home market,' varying currencies and fragmented payment standards continue to complicate financial operations for multinational firms. At Avalo, we believe your home market should feel like home in financial management, too—clear, unified, and fully under your control.
Avalo offers a unified multi-bank solution for the payment traffic of Nordic groups. Manage all your bank accounts—SEK, EUR, DKK, NOK, USD, GBP, etc.—with a single login, ensuring a transparent, real-time view of your company’s total liquidity. In this blog, we delve into how our solution streamlines daily operations, specifically for companies operating within Nordic corporate structures.
Avalo supports all major pan-Nordic banks:
Danske Bank, DNB, Handelsbanken, Nordea, SEB, and Swedbank. In addition, we implement integrations with other major global banks and smaller local banks.
Implementation Phases
- Take the First Step: Leave us your contact details, and we will walk through everything with you.
- Connectivity: Avalo activates the technical bank connection channel for your company.
- ERP Integration: Our experienced specialists connect your ERP system to Avalo.
- Go-Live: Start enjoying the benefits of streamlined cash management.
Key Benefits
- Enhanced Security: Increase the security of your banking operations through multi-factor authentication (MFA) or Single Sign-On (SSO).
- Automated Batch Transfers: Send payment files from your ERP and payroll systems to the bank via Avalo, utilizing an approval process tailored to your organization.
- Real-time Monitoring: Receive up-to-date information on payment statuses and automated alerts for any discrepancies.
- Comprehensive Cash Visibility: Access a holistic view of your cash position with powerful filters for detailed analysis.
- Automated Posting: Optionally implement automated ledger posting for bank statements.
- Compliant Archiving: Archive all data according to your organization’s specific processes and principles.
Contact our experts.
