CHALLENGE
Improve the invoicing process
Security company Securator started in 1999, and today it is the leader in ID-protection and general security in Sweden, Norway, Finland, Poland, Russia and Ukraine.
The company operated its business by invoicing its customers in a one-off basis for services that would last between 12 and 36 months. This generated a relatively high customer churn, and little opportunity for upselling other
services.
Additionally, the nature of the invoicing process resulted in a difficult to manage liquidity, with periods of high influx of payments.
SOLUTION
This allowed the incorporation of new services and products to existing subscription accounts from customers, merging the payments into a single monthly invoice covering all services.
Broker took over the financing and administration of subscription accounts, being responsible for monthly invoicing of the client