Scoro acquires Envoice to streamline real-time profitability tracking

Scoro, Europe’s professional services automation platform announces the acquisition of Envoice, a category in AI-driven expense and bill management.

The acquisition brings together two complementary solutions: Scoro’s comprehensive project management capabilities and Envoice’s world-class AI-powered bill and expense automation. While Scoro and Envoice will continue to operate as separate products, together they offer professional services firms a significantly more efficient method of managing project-related expenses with real-time insights into profitability.

Professional services firms have long managed time and costs in separate, siloed systems. This fragmentation often forces businesses to rely on month-end reporting to understand their margins. By combining Scoro’s control over projects, budgets, time, and resources with Envoice’s control over spend, companies can bridge this visibility gap and capture every project cost as work happens to avoid month-end surprises that impact the bottom line. Visibility and real-time insights are vital in an era of razor-thin margins and heightened competition as AI disrupts the very services these firms sell. It is now more crucial than ever for service-based firms to eliminate manual inefficiencies and blind spots that erode margins to remain competitive and profitable.

Integration is already live between the two products. Receipts get automatically linked to both projects and purchase orders at the point of capture, making project cost reporting faster and more reliable. Further enhancements will be rolled out over the next two months to fully automate data exchange.

Fred Krieger, Founder and CEO of Scoro, said: “Service businesses live and die by their margins, and yet external expenses are not always accounted for in project tracking because they sit in disconnected systems. Envoice has built a truly innovative solution for automating book-keeping, bill capture and expense approvals. Together, we ensure no cost goes unlogged, fulfilling our vision of an AI-powered future where repetitive manual tasks are outsourced to AI and automation is applied across the full project lifecycle, from planning and delivery to financial control.”

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Jaanus Põder, Founder and CEO of Envoice: “Scoro is the perfect match for our next chapter. For our customers and partners, business will continue as usual, but with the backing of Scoro, we can now accelerate our roadmap and bring new capabilities to market much faster.”