Miikka Savolainen is the COO of Snowfox, where he’s responsible for driving operational excellence and aligning strategic initiatives across teams to support growth and scalability. With a deep background in finance automation and a sharp focus on AP innovation, Miikka is passionate about using AI and fintech to streamline operations, reduce friction, and future-proof the finance function.
The Complexity of VAT for International Invoicing Managing VAT on international invoices is one of the most common stumbling blocks for UK businesses engaged in cross-border trade. Different countries apply varying VAT rules based on transaction type, customer status and supply location. Misunderstanding these rules can result in overcharging or undercharging VAT, compliance breaches, and […]
The Invoice Challenge for UK Small Businesses Manual invoicing can be a burden for small business owners juggling multiple roles. From tracking payments and correcting typos to chasing overdue invoices, it’s a time-consuming process that is prone to errors. As the volume of transactions increases, so do the challenges. That’s why invoice automation is rapidly […]
Accounts payable (AP) is one of the most labour-intensive functions in finance – and also one of the most ripe for transformation. With automated invoice processing, finance leaders can cut costs, improve accuracy and free up staff for higher-value work. But how do you quantify those gains? Calculating the return on investment (ROI) of AP […]
Implementing automated invoice processing is a transformative step for any finance function. By replacing repetitive manual tasks with AI-driven workflows, accounts payable (AP) teams unlock new levels of speed, accuracy and control. But true optimisation begins after automation is in place. Tracking the right key performance indicators (KPIs) enables finance leaders to validate ROI, catch […]
Efficient invoice processing is crucial for maintaining smooth business operations. Without streamlined financial systems, businesses face delays, errors, and bottlenecks that halter growth and drain valuable time. Beginners often struggle with manual processes, leading to slow approvals and human errors that affect cash flow and relationships with vendors. By embracing digital tools, businesses can solve […]
Accounting departments often face challenges with accounts payable such as mounting invoices, time-consuming manual processes and a heavy reliance on human intervention, all of which contribute to inefficiencies. Small businesses, in particular, feel the pressure, as limited resources can lead to delayed payments and approvals as well as costly errors. The manual nature of the […]
The shift towards digital transformation in finance is becoming increasingly important as businesses strive to remain competitive in an ever-evolving market. Manual accounts payable (AP) processes can create bottlenecks, causing delays, inefficiencies and increased errors that slow down business operations. AP automation, through accounting automation tools, is rapidly emerging as a key strategic advantage. By […]
In today’s fast-paced business environment, efficiency is key, especially when it comes to managing invoices. Automated invoice processing leverages advanced technology to handle the time-consuming tasks involved in manually managing invoices. By using AI-powered automation to capture, categorise, and approve invoices, businesses can significantly reduce the costs involved with the manual labour required. Automation also […]
In today’s fast-paced business environment, managing invoices efficiently is critical to maintaining a healthy cash flow and streamlined financial operations. With the increasing volume of invoices and the complexity of manual processing, many businesses are turning to invoice automation software to simplify these tasks. Invoice automation eliminates the need for time-consuming manual data entry, reduces […]
Accounts payable (AP) automation is transforming how businesses manage their financial processes. With an increasing need for financial efficiency and accuracy, AP (accounts payable) automation is becoming a vital tool for businesses of all sizes. By automating manual tasks such as invoice processing, approval workflows and payment execution, businesses are significantly reducing the risk of […]
