Tallinn-based professional services platform Scoro has acquired Envoice, an AI-powered bill and expense management company, to close one of the biggest blind spots in project profitability: real-time cost visibility. While Scoro helps service firms plan, resource, and track projects end-to-end, Envoice specializes in automating the messy pre-accounting work—extracting, categorizing, and approving invoices and expenses using AI. The acquisition brings Envoice into Scoro’s ecosystem as a deeply integrated but standalone product, allowing external costs to flow automatically into project budgets the moment they’re incurred. For customers, that means fewer manual processes, faster approvals, and live margin tracking instead of month-end surprises. Envoice will continue operating independently, while benefiting from Scoro’s resources to accelerate product development and AI-driven automation across the full project lifecycle.
While Scoro has long helped consultancies, agencies, and other professional services firms manage projects, resources, and financial performance, external costs—such as supplier invoices, freelancer bills, and employee expenses—have traditionally lived outside its core workflows. Those costs often arrive late, require manual processing, and only show up in profitability reports weeks after the work is done.
Envoice is designed to solve exactly that problem. The company uses AI to extract, categorize, and route bills and receipts automatically, reducing manual data entry and speeding up approvals before costs ever reach accounting systems. By bringing Envoice into the Scoro ecosystem, the combined offering aims to give firms a live, end-to-end view of project margins as work happens, rather than at month-end.
Under the deal, Envoice will continue to operate as a standalone product with its own interface and customer support, while integrating deeply with Scoro’s platform. Approved costs captured in Envoice will flow directly into Scoro projects in real time, automatically linking expenses to the correct budgets, purchase orders, and financial dimensions.
The acquisition also strengthens Scoro’s broader push into AI-driven operational intelligence. Scoro already applies AI across project planning, resource allocation, and financial forecasting using customers’ real business data. But cost data has historically been one of the weakest inputs—often incomplete, inconsistent, or delayed. Envoice’s AI-based extraction and categorization closes that gap, giving Scoro’s system a more accurate and timely picture of project economics.
For Scoro customers, the integration introduces a dedicated front end for managing external project costs, including automated invoice capture, expense submissions, and approval workflows. For Envoice customers, the product remains unchanged in the short term, with the company promising continuity alongside a faster pace of innovation backed by Scoro’s resources.
The Scoro–Envoice integration is currently in closed beta, with further enhancements planned over the coming months as the two teams work to tighten data flows between expense capture and project management.
The deal underscores a broader trend in professional services software, where vendors are racing to offer unified platforms that combine project delivery, financial control, and AI-driven insights—especially as firms face tighter margins and growing pressure to make faster, data-informed decisions.
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Read the orginal article: https://arcticstartup.com/scoro-acquires-envoice/
