A recent report by Oslo Economics demonstrates that accounting firms using products from Visma's Norwegian portfolio company, Sticos, are ahead of their competitors both in terms of productivity and profitability.
Sticos, which joined the Visma family in 2021, specialises in digital solutions designed to enhance productivity for accounting firms. Their solutions simplify complex tasks, reduce the risk of errors, and ensure that firms can work correctly within laws and regulations.
The analysis from Oslo Economics confirms that the use of Sticos solutions is strongly associated with higher productivity, increased revenue, and improved profitability for accounting firms, allowing them to better navigate a rapidly changing industry.
Here are the main findings:
- Firms using Sticos products boast an average of 16% higher revenue per employee (productivity). In practice, this means each employee can efficiently manage more clients. Depending on the product used, the increase in revenue per employee ranges from 10-24%.
- Sticos customers achieve 39 % higher total revenue.
- The positive effects also extend to the bottom line, with accounting firms using Sticos products reporting 25% better profitability.
- Firms using all three Sticos products see the greatest impact, achieving the highest overall performance gains.
How Sticos creates value
These significant results are driven by solutions designed to make complex tasks simpler, which frees up time, reduces the risk of errors, and enables employees to serve more customers more efficiently.
This is critical in an accounting industry facing margin pressure and increasing competition. Sticos achieves this through its digital solutions:
- Sticos Oppslag (Lookup): Provides quick and up-to-date professional guidance in areas like accounting, payroll, tax, and VAT.
- Sticos Kurs (Courses): Strengthens employee competency and fulfills requirements for continuing education.
- Sticos Oversikt (Overview): Helps firms manage deadlines, clients, and tasks, which strengthens quality assurance.
The full report from Oslo Economics can be accessed here.
About Visma
Visma is a leading provider of mission-critical cloud software, with revenue of € 2.8 billion in 2024, 17,500 employees, and 2.2 million customers across Europe and Latin America. By simplifying and automating the work of SMBs and the public sector, we help unleash the power of digitalization and AI across our societies and economies. For more information, visit visma.com or follow us on LinkedIn.
About Sticos
Sticos specialises in digital solutions designed to enhance productivity for accounting firms. Their solutions simplify complex tasks, reduce the risk of errors, and ensure that firms can work correctly within laws and regulations. Sticos joined the Visma family in 2021. Read more at sticos.no.
