Visma acquires the company Årsredovisning Online, which is a cloud-based solution for submitting annual reports and income tax returns that makes everyday life for small businesses simpler and more time-efficient. With the deal, Visma strengthens its digital offer to Sweden’s small businesses. The acquisition includes another company: Utdelning Online Sverige AB.
More and more limited companies in Sweden are choosing to submit their annual report digitally. Of the 564,000 annual reports that have been received by the Swedish Companies Registration Office so far this year, 17 percent, or just over 84,000, have been submitted completely electronically. This is a substantial increase compared with the entire year 2019, when only 7 percent of all annual reports, 31,000 in number, were submitted digitally.
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The Årsredovisning Online service is aimed at limited companies, regardless of the provider of accounting software. Companies can import accounting data directly into the service, which then handles the submission of the annual report to the Swedish Companies Registration Office and the income tax return to the Swedish Tax Agency. Both can be changed afterwards and a large number of calculations and checks are done automatically by the system, which minimises the risk of errors.
All information is saved until the next time it is time for the annual report and declaration. Annual Report Online supports digital signatures with BankID and is linked to the Swedish Companies Registration Office’s service for digital submission of annual reports. For those who collaborate with an accounting or auditing firm, it is easy to invite them to, for example, prepare an audit report.
“In Sweden there are about one million companies and our goal is to have a complete offer, which meets all their different needs. Through this deal with Årsredovisning Online Sverige AB, we take another step towards achieving that goal. At the same time, everyone who currently uses Visma Spc’s products or Årsredovisning Online’s services will continue to be able to do so in exactly the same way as before”, says Charlotte von Sydow, CEO of Visma Spc.
“We are very proud of our service and that the Årsredovisning Online can continue to make a difference for Sweden’s small businesses as part of Visma. Our partners and those who already use the service will not notice this change – for them, it is business as usual that applies”, says Jonas Lundström, co-founder of Annual Report Sverige Online AB.
“We are very grateful that Carlsquare has helped us throughout this process. Their support made the project manageable for us and we are really pleased with the collaboration“, says Johan Grufman, co-founder Årsredovisning Online.
Carlsquare acted as exclusive financial advisor to Årsredovisning Online.