Templafy, a booming Tech Scale-up in the Nordics

Who is Templafy?

We are pleased today to present Templafy, a Danish head-quartered fast-growing B2B Software-as-a-Service company, helping over 2 million users improve productivity, branding, and compliance across business documents, presentations, and emails.

Templafy has just been announced to be ranked as one of the fastest-growing companies in Europe according to the March 2021 issue of the Financial Times.

Templafy is officially the company with the fastest growth in Denmark, the 42nd fastest in the tech industry and is listed 122nd in the general rankings in Europe.

Novutech implemented NetSuite Financials First back in April 2020, after a 5-month successful implementation project.

Templafy’s content enablement platform aligns workforces and enables employees to effortlessly create on-brand, high-performing business content faster.

Founded in Copenhagen, Denmark, in 2014, Templafy’s team leveraged more than 15 years of experience in template management and document automation to develop a cloud service solution now used by enterprise customers from all industries.

Templafy’s offices are currently located in New York, Copenhagen, Berlin, Eindhoven and Sydney, representing 40+ nationalities, and the Templafy team serves customers all over the world.

The Reason for Change

In connection with the start of the scaling phase at Templafy, it was essential to get all subsidiaries onto a scalable ERP platform. After thorough research, there was a clear picture that NetSuite had all the functionalities to build necessary internal controls, streamline workflows including easy integration of other software to NetSuite, as well as a very appealing visual and intuitive design. Furthermore, NetSuite as a cloud based solution makes it easy to access the environment from anywhere.

Why choose NetSuite?

Templafy selected NetSuite as their ERP solution for the following reasons:

• A cloud-based ERP system implemented and deployed globally across all entities.
• A unified and integrated platform to run all business processes to replace the legacy systems.
• Scales with the projected exponential growth of business and its needs.
• Reduces the use of Excel and manually intensive processes within the business.
• One source of truth.
• NetSuite offers a full suite of financial modules including multi-taxation, multi-country or powerful financial reporting.
• Third-party systems integration capabilities.

About the NetSuite Implementation

After a smooth implementation of about 5 months despite challenging times with COVID, Templafy has been now live since April 2020 on NetSuite, with all the Financial Suite, from Finance & Accounting, Consolidation, Revenue Management, Purchasing & Sales as well as Banking automation.

Templafy is able to interface NetSuite and Salesforce CPQ to gain in efficiency and make sure every Salesforce order gets created in NetSuite for billing and revenue recognition purposes allowing a powerful reporting on ARR basis.

With some custom designed approval workflows, custom segmentation, bank reconciliation automation, or cost recognition during the lifecycle of sales contracts, Templafy has greatly sped up day-to-day data entry processes and reporting accuracy.

“NetSuite is a really intuitive, flexible and scalable solution, which allows Templafy to grow and scale globally.
We are very pleased with the services provided by Novutech, which really helped us make a quick and thorough implementation of NetSuite. In my opinion, they are not only implementation consultants, but also an important sparring partner, providing advice both during and after the implementation phase, when necessary.“
Niels Østergaard SIMONSEN, Head of Finance

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