Market leaders in independent financial advice

Through The NORTH Way, we guide you safely through the complex financial market. We analyze and assess your current financial agreements and payment solutions, present your options and savings potential, and are by your side in the subsequent negotiation with the bank or financial player.

Our services

We specialize in payment solutions, payment types, acquiring agreements, currency exchange, financial contracts, financing, deposit leasing, cash management, card solutions and much more. We divide our services into three main categories:

Improving bank collaboration

Bank fees have increased significantly in recent years and are currently at their highest level ever. In addition, many of the bank's costs are hidden, so the total price of a bank's products is higher than it originally presented. We help the CFO find the right individual solutions, prices and partners.
  • Complete overview of actual prices
  • Benchmarking against the market and alternative financial solutions
  • Renegotiate current solutions and prices
  • Simple administrative setup
Read more

Payment solutions

Consumers are looking for local payment types that make it simple and fast to complete a purchase. NORTH provides you with an impartial assessment and recommendation for your company's online and physical payment solutions, payment types and provider, ensuring a world-class shopping experience across all your markets and sales channels.
  • Complete overview of your costs
  • Big savings
  • Minimal resource usage on your part
  • Optimize the shopping experience by offering local payment types across countries
Read more

Working capital optimization

There are several different financial products that can help businesses optimize their working capital, but not all of them are suitable for every business or situation. Our team of experts have a deep understanding of the different options and work with the CFO to find the right solutions that fit the needs of the business.
  • Increased liquidity and financial stability
  • Less debt and more opportunity to invest in growth
  • Increased financial flexibility and better hedging
  • Higher sales revenue
Read more

Download our financial guide for the CFO

CFO, Accounting Manager, Finance Manager – well, whatever your position, this financial guide is for you if you are a decision-maker in a finance function responsible for the company’s financing, working capital, currency policy and risks in these areas.

finansiel guide

The NORTH Way - Financial Procurement

Analytics: At NORTH, we have years of experience and insight into the banking, payment and financial agreements market. That’s why we are exceptionally skilled at analyzing your company’s current agreements so that together we can identify new opportunities for both better solutions and savings.

Assessment: We create a solid assessment of the optimization opportunities for your current banking, payment and financial agreements – without your company having to dedicate a lot of resources to the process. 

Recommendation: We always present a thorough and well-argued recommendation that puts your company in a strong position for further dialog with your financial suppliers. If you wish, we can of course also assist you in the negotiations, ensuring that you take advantage of all opportunities for savings and better terms – and that the drain on your company’s own resources is minimized.

Monitoring: As a NORTH customer, you benefit from our constant monitoring of the financial market. This means we inform you immediately when new opportunities for savings and better solutions arise.

North kompas

We have advised and helped +2000 companies achieve significant savings

Søstrene Grene
Søstrene Grene is a recognized family-owned company that originated in Aarhus in 1973 with a webshop and stores across Scandinavia and Europe. In the last financial year, Søstrene Grene had a turnover of DKK 1.7 billion and a profit before tax of DKK 209 million.

“Throughout the entire process, NORTH has, on its own, been responsible for dialog and negotiation of our terms. NORTH has continuously kept us updated and acted on behalf of Søstrene Grene’s interests, and the feeling in my stomach throughout the process has been really good. The project and the process have been extremely positive – and it has been very satisfying that I have been able to watch the project and the results unfold from the sidelines with minimal effort on my part.” – Martin Kofoed Lundgaard, CFO of Søstrene Grene

The Danish Refugee Council is a leading international refugee organization that supports refugees with humanitarian relief and protection every step of the way: during exile, settlement, and integration in a new country. In its most recent annual accounts, the Danish Refugee Council had collected funds/income-generating activities for approximately DKK 3.2 billion.

“NORTH has helped us with the change of our primary bank. We have been pleased to be able to make use of their broad market knowledge to ensure a solution that is market compliant and that solves our need to get money to the world’s hot spots at short notice. At the same time, NORTH was quick to understand our specific needs and make suggestions on how to solve them. I have no doubt that the solution we have now is better than it would have been if we had not asked NORTH to assist us.” – Mette Barfod, CFO.

Eva Solo is a recognized Danish design company established in 1913. In the last financial year, Eva Solo had a gross profit of DKK 62 million with a profit before tax of DKK 20 million.

“NORTH challenged us on the prices in our banking agreement, claiming that they were not in line with the market. how attractive they thought we were to banks. That’s why we started a process that ended with a tender for our banking business. The result was that we achieved a good percentage saving without switching banks. Throughout the entire process, NORTH has been easily accessible and professionally competent. We have always felt that it was a good and proper process. I am convinced that we would not have achieved the same result without NORTH’s knowledge and involvement.”
– Sten Clemen Andersen, CFO.

The Danish Union of Teachers is one of the oldest employee organizations in Denmark and was founded on May 4, 1874. The Danish Union of Teachers is a professional organization with over 90,000 members, primarily teachers and school principals. The purpose of the association is to safeguard the financial, educational and official interests of its members.

“We have experienced NORTH as a reassuring sparring partner who has analyzed our financial agreements with both banks and payment solutions, giving us increased insight and transparency of the opportunities in the market. It is important for the association to ensure that all suppliers always offer optimal conditions for the association, which is why we have benefited greatly from NORTH’s competencies and insight into the market. I would definitely recommend their impartial work to others.”

PWT Group owns and operates two menswear chains, Tøjeksperten and Wagner, which together have 146 clothing stores in Scandinavia and employ more than 375 employees. The stores sell a variety of brands including PWT Group's own strong brands such as Lindbergh, Bison, JUNK de LUXE and Morgan. In 2019, PWT Group had a turnover of 873 million DKK. and had an EBITDA of DKK 159 million.

“NORTH assisted us with a review and analysis of our merchant agreements – they negotiated on our behalf. This has resulted in a saving we wouldn’t want to be without, which is why we are satisfied with their advice and results.”

Goodiebox is a monthly self-indulgence box with five to seven beauty products selected from the most popular, innovative and trend-setting brands. Goodiebox has over 220,000 members in more than 10 countries.

“NORTH has had the necessary expertise and advised us in this area. They did this by creating an overview of the different payment solutions and their associated costs. Transparency has increased significantly – and the process has also resulted in significant savings, which we are very pleased with. In addition, NORTH managed the entire process, which meant that our use of resources was very limited. We are very pleased with the results and the collaboration with NORTH.”

NoriDane Foods is a trading company that imports and distributes meat. NoriDane Foods trades meat in 89 countries around the world with a total of 800 partners. NoriDane Foods has approximately 80 employees and in 2020 NoriDane Foods had a turnover of 1.3 billion EUR. DKK with a profit before tax of DKK 20.5 million.

“We have been very satisfied with the process with NORTH, who analyzed our factoring solution. They identified areas that could be optimized, which were subsequently implemented, resulting in significant savings. In addition, the time spent on my part has also matched our initial discussions, which is important to include in the overall result. Financial Procurement receives my highest recommendations as a result of this process.”

Zizzi, formerly known as Ball Group, is a company that focuses on fashion for the confident and modern woman in the plus-size segment. In 2020, Zizzi had a turnover of approximately DKK 657 million and has 475 employees. Zizzi has webshops in Denmark, Sweden, Finland, the Netherlands, Norway, Germany, Austria, France and Belgium. Zizzi has approximately 90 physical stores in Denmark, Finland, Norway and the Netherlands.

“When we were considering a new payment provider, Financial Procurement advised us on solutions and optimized pricing significantly. In addition, Financial Procurement has also advised us on consumer financing – afterpay, where the pricing was also significantly improved with Financial Procurement’s advice. The project has resulted in significant savings, increased transparency and better solutions, which is why we are very satisfied with Financial Procurement’s work.”

The Danish Metalworkers' Federation is a trade union and professional unemployment insurance fund with approximately 100,000 members. Founded in 1888, Dansk Metal is one of the oldest trade unions in Denmark.

“The borrowing was on terms that were significantly better than we had initially expected, while all other terms and distribution of mortgage loans were also analyzed, assessed, negotiated and handled in a professional manner. In addition, other financial agreements were analyzed in depth, which secured us a significant saving that we wouldn’t have wanted to miss without compromising our relationship with our bank, which was obviously important. NORTH demonstrated clear competencies in the field, which is why we are very satisfied – and will of course use their competencies in the future.”

SEC DataCom Group is a Nordic IT distributor with companies in Denmark, Finland, Norway and Sweden. In the last financial year, SEC DataCom Group had a turnover of DKK 1,085 million and a profit before tax of DKK 12 million.

“As an impartial party, NORTH has acted extremely professionally, created increased transparency – and negotiated prices and terms that I am very satisfied with, as these are significant savings. The negotiation result also includes a more relaxed security package, which is worth keeping in mind. They receive my highest recommendations.” – Lars Zinglersen, CEO.

Nissens is a global company that manufactures and sells cooling equipment for the automotive and wind industry. In the last financial year, Nissens had a turnover of DKK 2 billion with an EBITDA of DKK 235 million.

“Nissens has used NORTH for advice on optimizing financial solutions, agreements and prices.”

Maki is the largest toy and game distributor in the Nordics. Maki distributes over 60 major international brands to more than 5000 retail chains, webshops and retailers in Denmark, Sweden, Norway and Finland. In the last financial year, Maki had a turnover of over 500 million euros. and an operating profit of DKK 63 million.

“NORTH has advised us on an assessment and optimization of our factoring program. We had an expectation that we had competitive prices, as we had previously carried out a tender ourselves, but NORTH’s insight into the market, advice and benchmarks meant that we achieved even better solutions and prices than we expected possible. As a result, we have been very satisfied with their work as an impartial party.” – Henrik Rennison Hansen, CFO.

Stoff & Stil has 28 stores in Denmark, Norway, Sweden and Germany selling textiles and hobby items. In the last financial year, Stoff & Stil had a turnover of DKK 350 million and a profit before tax of DKK 11 million.

“Why not choose NORTH? Throughout the process, they have acted extremely professionally and have focused on uncovering our needs through the most optimal set-up. This has resulted in significant savings on our financial solutions and minimal use of internal resources. We intend to continue to use NORTH as a financial sparring partner to ensure the right set-up and competitive prices. Based on this, I would recommend NORTH!”
– Mark Wodstrup Betzer, CFO & COO.

Second Female is a Nordic fashion company that sells clothing for women. In the last financial year, Second Female had a gross profit of DKK 23 million with a profit before tax of DKK 14 million.

“Initially, I was cautious about using an independent bank broker, as I expected us to have the optimal solutions and market-consistent pricing. NORTH’s strong competencies and great understanding of the financial products have given Second Female a great benefit in the form of; significantly better solutions and a more relaxed security package, transparency and overview – as well as a significant improvement in pricing. The process itself has been handled professionally and efficiently by NORTH.”
– Steen Holtermann, CEO.

Transmedica is a Nordic healthcare group with a wide range of services for the healthcare sector in Scandinavia. In the last financial year, Transmedica had a turnover of DKK 188 million with a profit before tax of DKK 12 million.

“NORTH has exceeded my expectations – both in terms of savings, but also in terms of creating a trustworthy collaboration. My time spent in the process has been minimal, which is why NORTH has handled the process independently and efficiently; requested data, set up and analyzed – and finally negotiated better solutions and terms. It was a satisfactory and rewarding process, which is why NORTH receives my best recommendations.”
– Christian Julskov Thulesen, CFO.

V.O.S is one of the Nordic region's leading tour operators/incoming agencies, handling travel in Scandinavia, Iceland and the Baltics. In the last financial year, V.O.S had a gross profit of DKK 67 million with a profit before tax of DKK 19 million.

“With their professional approach, NORTH has given us a completely different overview and created transparency, while we have also chosen to change several parts of our cash management set-up following their recommendation. NORTH has negotiated significantly better solutions and prices for us with our existing bank – and we continue to have a constructive and positive dialog with the bank. I have used very limited resources – and I will continue to use NORTH in the future.”
– Ann Kristina Bret, CEO.

HT Bendix is a trading company that sells fittings and accessories to the furniture and kitchen industry in Denmark and abroad. In the last financial year, HT Bendix had a gross profit of DKK 70 million with a pre-tax profit of DKK 26 million.

“We are very satisfied with their work and output. The entire process was handled efficiently and professionally by NORTH.”
– Claus Østergaard Jensen, CFO.

Aarstiderne is a Danish company that sells meal boxes. Aarstiderne seeks to recreate the close connection between the cultivation of the land and the joy of organic meals, full of good ingredients, flavors and presence. Aarstiderne's most recent turnover was over DKK 660 million, and employed just under 300 employees.

“NORTH has acted as a trusted independent financial advisor, where they have created great value in the analysis phase as well as in the negotiations with the suppliers, due to their expertise and insight in the various financial areas. It has also been liberating to be able to ask other professional questions and get answers quickly, without it being part of the process and task. It has been a pleasant and value-creating process, and I am very satisfied with the result, which is why I am happy to recommend NORTH to other companies.”
– Simon Jarl Jacobsen, CFO.

Notio Living is an international furniture company that designs and manufactures home furniture. In the last financial year, Notio Living had a gross profit of DKK 32 million and a profit before tax of DKK 10 million.

“Our meeting with NORTH has definitely been a positive experience. We must admit that we were a little skeptical about the possibility of achieving significant savings. But with their great insight into the banking world, NORTH has helped us negotiate new and significantly better terms. At the same time, it has been a very educational process for us, and we can definitely recommend NORTH as a business partner.”
– Bo Søndergaard, Chief Financial Officer.

Phase One is a world-leading provider of imaging software and digital medium format cameras for professional photographers. In the last financial year, Phase One had a turnover of DKK 468 million and a profit before tax of DKK 53 million.

“NORTH’s advice has helped Phase One achieve better financial terms. We have also gained a better overview of our financial agreements and prices, including significantly increased transparency. The process has been handled satisfactorily by NORTH.”
– Martin Høy, CFO.

Uni-tel provides IP business telephony that is customized to your business needs. In the last financial year, Uni-tel had a gross profit of DKK 28 million and a profit before tax of DKK 10.5 million.

“As an independent bank broker, NORTH has advised Uni-tel in connection with the negotiations of a bank tender. NORTH has advised on the choice of banking products, including increased transparency around solutions and prices. This has meant that Uni-Tel has achieved the best possible solutions and prices in the market. NORTH’s analysis and assessment made it easy for us to make the right decision for the bank offering. I am very satisfied with NORTH’s work.”
– Morten Isaksen, CFO.

MESSAGE is an international fashion company that designs and distributes fashion apparel in the EU, Norway and North America, and operates the retail chain MESSAGE with stores in Denmark and Norway. In the last financial year, MESSAGE had a gross profit of DKK 80 million and a profit before tax of DKK 10 million.

“NORTH has reviewed our financial solutions and through their advice we have achieved better terms. The collaboration with NORTH has given us a better insight into our financial solutions and at the same time provided significant savings on the same setup. The process with NORTH has been satisfactory and we have always felt confident that NORTH treated our business partners properly and professionally.”
– Jonas Haven, Financial Manager.

SILVAN is one of Denmark's largest retailers of DIY building materials for private customers. SILVAN has 42 DIY stores across Denmark. SILVAN is today owned by the German private equity fund Aurelius. In the last financial year, SILVAN had a turnover of DKK 1.6 billion with an EBITDA of DKK 13 million.

“We have been extremely satisfied with the process, including NORTH’s impartial work – as well as the benefits of the project. NORTH has handled the project efficiently and professionally.”
– Keld Larsen, CFO.

ICM Safety is Denmark's largest independent supplier of work environment and safety equipment. ICM Safety sells workwear (hearing protection, footwear, safety glasses, vests, etc.) as well as fall protection and environmental storage. In the last financial year, ICM Safety had a gross profit of DKK 82.6 million and a profit before tax of DKK 4.2 million.

“I am very satisfied with NORTH’s impartial work. They have significantly increased insight into our costs at the bank – and optimized them significantly through a renegotiation that also included benchmarking. I can always recommend other CFOs and companies to use NORTH, who have acted professionally and properly with objective arguments throughout the process. I look forward to utilizing their expertise in the future.”
– Morten Lynge Bjørk, CFO.

LTP Group produces textiles/goods for clothing brands and furniture manufacturers. The company employs more than 2,000 people at its 10 factories and produces over three million SKUs per year. In the last financial year, LTP Group had a turnover of DKK 614 million and a profit before tax of DKK 57 million.

“We have used NORTH as an independent advisor to review our banking agreements. Their advice has been holistic, looking at both our Danish – as well as international banking agreements. We have been very satisfied with the project, where we have always felt in safe hands, we have been informed and asked questions along the way – and we are also satisfied with the final result in the form of increased transparency and concrete savings, which is why the project has been rewarding.”
– Jeannett Hvidkjær, CFO.

SteelSeries is a leader in gaming gear with a focus on quality, innovation and functionality. The SteelSeries product portfolio includes headphones, mice, mouse pads and keyboards that are sold globally. In the last financial year, SteelSeries had a turnover of DKK 1.3 billion with a profit before tax of DKK 112 million. SteelSeries is owned by the private equity fund Axcel.

“We wanted an impartial assessment of our currency flow, as well as an assessment of other terms on the daily banking transactions, which NORTH has handled satisfactorily for us. They have optimized and renegotiated the prices, which we are satisfied with – and we have only experienced them as a professional and competent sparring partner in the process.”

GaveFabrikken has been delivering gift concepts to Danish companies since 2008. With more than 600,000 Christmas gifts delivered annually, GaveFabrikken is Denmark's largest gift supplier. In the last financial year, GaveFabrikken had a turnover of DKK 178 million and a profit before tax of DKK 17 million.

“When considering a new bank, NORTH has advised on the pros and cons of switching banks. NORTH has also provided a specific assessment and recommendation of the terms, solutions and prices offered, which has been used in the bank negotiations. NORTHs advice has given us transparency – and a complete overview, which has made it easy for us to make the right decision when choosing a new bank.”
– Torben Yde, CEO.

Kentaur designs and manufactures high-quality workwear in the form of chef wear, waiter wear and clinical wear for the European market. In the last financial year, Kentaur had a gross profit of DKK 66 million and a profit before tax of DKK 20 million.

“We use two different banks and had a hard time figuring out whether we had the best possible solutions and prices in the market. NORTH has advised us in this regard and helped us gain transparency – and we have achieved significant savings, which is why we are very satisfied with the process and NORTH’s advice.”
– Mette Gordon Vallentin, Finance Director.

Dagbladet Børsen is a media that focuses on business, but also covers socio-economics and lifestyle, among other things. Dagbladet Børsen has 107,081 daily readers and has 549,530 unique users. In the latest annual report, Dagbladet Børsen had a turnover of DKK 288 million and a profit before tax of DKK 48.5 million.

“We have used NORTH for optimization of payment card solutions and have been very satisfied with the process, and it has been very rewarding.”
– Mads Bigum, Accounting Manager.

KK Wind Solutions is one of the world's leading suppliers of electrical control systems for the wind turbine industry with a broad global customer portfolio. The KK Group has around 1,400 employees and is owned by A.P. Møller Holding. In the last financial year, KK Wind Solutions had a turnover of DKK 2.1 billion and a profit before tax of DKK 176 million.

“NORTH has acted in a structured and professional manner throughout the entire process, where NORTH has contributed to the creation of a very satisfactory Reverse Factoring program, which meets our expectations. NORTH’s competencies in the financial area have been valuable, which is why we find them recommendable.”

NOWACO is a family-owned company with 25 locations globally with specialist knowledge. They are experts in frozen meat, fish, seafood and vegetables - with an annual turnover of over 3 billion DKK.

“At NOWACO, we are always looking to optimize on all fronts, which is why it was natural to analyze our financially oriented costs in depth and renegotiate our agreements with financial partners. NORTH has handled this in a professional manner, acting respectfully towards our business partners. We are completely satisfied with the final result, which is why we can recommend other companies to use NORTH for a similar process.”

Abacus Medicine is a leading supplier of original prescription medicines in Europe and is built on parallel imports - the free movement of goods in the EU single market. This allows Abacus Medicine to offer medicines at a lower price in the market. Abacus Medicine has operations in over 12 countries with 750 employees. In the last financial year, Abacus Medicine had a turnover of €3.1 billion. and an EBITDA of DKK 79 million.

CFO Henrik Knudsen says that he has been satisfied with the process handled by NORTH and the outcome.

Kopenhagen Fur is the world's largest auction market for fur skins, with a global market share of around 60%. In the last financial year, Kopenhagen Fur had a turnover of DKK 5.8 billion and a profit before tax of DKK 19 million.

“NORTH’s advice has contributed to Kopenhagen Fur gaining increased insight into our overall financial solutions and costs – and we have achieved significant transparency. This has made it easier for us to navigate – and thereby make the right financial decisions. In addition, NORTH’s insight and competencies have allowed us to benchmark our solutions and prices, which has provided a basis for identifying better solutions and the right market-consistent pricing in all product areas.”
– CFO Uffe Winther

Global Wind Service (GWS) is one of the leading global service providers to the wind turbine industry. From offices across 11 countries, GWS provides turbine technicians, expertise and services for wind turbine projects around the world. GWS currently has more than 850 employees to handle this. In the last financial year, GWS had a turnover of DKK 1.15 billion with a profit before tax of DKK 29 million.

“We have used NORTH to assess our financial solutions and they have given us valuable insight into the possibilities. Specifically, we have also used them on the warranty side, where we have optimized our agreements – and spread our exposure across multiple players. We believe their work is valuable, which is why I’m happy to recommend them to others with the same global exposure we have.”
– Claus Haugaard Madsen, CFO.

Soundboks produce and sell high-quality wireless speakers. Soundboks focus on exceptional sound quality and durability, which has made Soundboks an international company that today has sold over 100,000 Soundboks speakers in more than 40 countries.

“NORTH’s expertise and advice has helped us get the right payment types and lower prices. In addition, we now have a consistent overview of all our payment solutions. We are especially pleased that NORTH has focused on finding the right solution for us and our consumers, not just the lowest prices. Throughout the entire process, NORTH has acted professionally and taken responsibility for progress, which is why we are very satisfied with their impartial work.”
– Michael Winther, CFO.

Gorm's Pizza is a Danish restaurant and pizza chain that, through a focus on quality and good service, wants to give guests a high-class taste experience. Gorm's Pizza currently has seven restaurants and four pizza bars across Denmark.

“NORTH’s advice has ensured transparency and insight into our current solutions and pricing. In addition, NORTH’s expertise and insight into the market has resulted in better solutions and prices, which we are very pleased with. The entire process was handled efficiently and professionally.”
– Jakob Mikkel Hansen, CFO.

Wellvita's main activity is to produce and sell dietary supplement products that contribute to a better quality of life. Wellvita has sales in Denmark, Sweden, Norway, Finland, Germany, the Netherlands and Belgium. I In the financial year 20/21, Wellvita had a gross profit of 23.8 million DDK.

“The result of the collaboration was very satisfactory, where I would highlight minimal effort on our part and significant savings as valuable success factors. NORTH contributes significant value in the hours saved during these negotiations as well as in the savings they can achieve with their insights. I would highly recommend using NORTH and their skills should a company face similar challenges.” Jørgen Vind Hansen, CFO Wellvita ApS

Brøndum is one of Denmark's largest and oldest technical contractors and provides energy-efficient quality solutions and technical service within plumbing, ventilation, sprinkler, district heating, cooling and electricity for homes, buildings and industrial plants in Denmark, Greenland and the North Atlantic. Brøndum has approximately 500 employees and an annual turnover of more than DKK 600 million.

“Throughout the process, NORTH has shown a professional, structured and objective approach with a niche knowledge within leasing, fleet management, financing, etc. which means that Brøndum, in connection with The tender process has resulted in significantly better conditions and prices, and the interaction between Brøndum and NORTH has been complementary and very satisfactory. At the same time, NORTH has managed the process from start to finish, which means that our own time consumption has been significantly less than if we had managed the process ourselves.”

SACKit is a Danish design company that creates high-quality lifestyle products. Functionality and design are paramount, and we don't compromise on quality. Sustainability is important to SACKit, which is why there is a constant focus on reducing negative impacts while offering long product shelf life.

“NORTH Financial Procurement has assisted with an optimized holistic solution where we have achieved significantly better transparency and terms than the starting point. We have used few resources during the process and we are satisfied with what we have achieved, which is why we consider NORTH Financial Procurement definitely recommendable.”

BabySam was established in 1973 and today, thanks to their innovative approach and qualified advice, Denmark's largest retailer of baby equipment. In 2020, BabySam had a turnover of approximately €577 million. DKK and has 242 employees. BabySam has a webshop in Denmark and around 30 physical stores in Denmark.

“NORTH’s consulting helped us establish an overview of our payment platforms. In addition NORTH helped us analyze and assess our merchant agreements, which proved to be an opportunity for optimization. Finally, NORTH has negotiated new and competitive terms on our merchant agreements that have resulted in significant savings. In terms of process and results, it has been a very positive experience, which is why we warmly recommend recommend similar companies to make use of NORTH’s competencies.”
CFO Anders Thygesen.

Liewood designs and produces Nordic-style accessories and interiors for babies and toddlers children. With a focus on a strong design profile, where the Nordic design tradition and the quality is key. In the last financial year, Liewood's turnover amounted to DKK 355 million.

“NORTH’s expertise and advice has meant that we have been able to bring in the right local payment types and achieved significantly better prices. In addition, we have gained an in-depth knowledge of the payments market. We are pleased that NORTH has focused on finding the right solutions for us, not just the cheapest solutions. North has acted professionally throughout the process and taken responsibility for the progress, which is why we are very satisfied with the project.”

Helsam's main activity is the distribution and trade of goods for the health food industry. Helsam consists of 43 stores in Denmark, as well as a webshop. In the financial year 20/21, helsam had a turnover of DKK 429 million.

“NORTH’s competencies and insights have helped us to have peace of mind throughout the shutdown – and the necessary migration to the new payment platform. At the same time, it has allowed us to concentrate on our day-to-day work, as we have only been involved in the project at times. We are extremely satisfied with NORTH’s efforts and would recommend them to others in similar situations.” – Jakob Stenderup-Larsen, CFO Helsam Gruppen A/S

DIN Forsyning is a multi utility company in Varde and Esbjerg municipality that contributes to efficient and sustainable management of community resources - within drinking water, wastewater, heating and recycling. In the last financial year, DIN forsyning had a net turnover of approx. 850 million DKK.

We have experienced that NORTH has provided the necessary expertise and has shown an ability to run an efficient process with us and our financial suppliers that has led to good results. NORTH’s contribution to the process we have been through has also been characterized by a persistent and rigorous process, solid arguments for our claims and a respectful and objective dialogue with our financial suppliers. We are very satisfied with the process and its results.” – Kenneth Sørensen, Chief Financial Officer.

Knauf is a Danish manufacturer and supplier of plasterboard, acoustic ceilings and building systems for lightweight construction. Knauf is part of the family-owned Knauf Group. Knauf has more than 350 employees and had a turnover of DKK 1 billion in 2021.

“At Knauf, we have utilized NORTH’s expertise in assessing and benchmarking banking agreements, where their data and benchmarks have been valuable in gaining an increased insight into our total costs including the hidden ones – as well as with benchmarks on all levels. This has given us valuable insights to help us navigate even better from here in terms of our future actions towards partner banks. We therefore believe they are worth recommending to similar companies that similarly want this insight and optimization opportunity.”

Godik is a major national supplier of rental equipment for events and festivals, as well as for the craft and industry, agriculture and retail sectors. In the latest financial statements, Godik had a gross profit of €112 million. and a profit for the year of DKK 30 million.

After an introduction to NORTH, we decided to use them, which we certainly haven’t regretted, as they have created increased transparency and overview, highlighted areas that were not transparent and clear – and ultimately assisted in optimizing all agreements. The interaction between NORTH and CFO has resulted in significant savings, which we are very pleased with”

About Too Good To Go
Too Good To Go fights food waste, having saved over 164 million meals. Too Good To Go employs over 1050 "waste warriors" and is present in 16 countries with over 170,000 partners and 61 million users who have downloaded the app. "Too Good To Go dreams of a world without food waste."

“Financial Procurement’s insight into the market and expertise in payment types has helped us achieve significantly better solutions and prices. Secondly, we have gained increased transparency with a complete overview of costs and options. Today, we have transparency in all our solutions and prices, which makes it easier for us to make decisions in the area of payment types in the future – on an optimal and informed basis.”

About Internetstores
Internetstores is the world's leading digital specialty bicycle retailer with an annual turnover of more than 370 million euros. Internetstores is active in 15 countries, has 6 multinational companies employing more than 900 people worldwide. They have more than 40 digital online retailers in Europe and ship approximately 40,000 parcels per day, at peak times.

“It has been educational and insightful – resulting in a much better overview of the costs of payment methods and much more. These insights and benchmarks were subsequently used in negotiations, which yielded satisfactory results. A valuable process and we will continue to use their skills.”

About Brødrene A&O Johansen
Brødrene A&O Johansen A/S is a Danish-owned company founded in 1914 and listed on the stock exchange in 1963, with headquarters in Albertslund and 47 branches in Denmark. AO is one of the leading wholesalers in the construction industry with more than 100 years of experience, 58 stores across the country - plus a handful in Sweden - approx. 700 employees, around 60,000 product variants in their central warehouse and five main business areas: HVAC, plumbing, plumbing, electrical, tools and the DIY market.

“Working with NORTH Financial Procurement has provided us with insights we could not provide on our own, the right payment setup and a significant cost reduction on our payment solutions.” – Jesper Teddy Christiansen, CFO

Rains is a modern international lifestyle brand based on a reinterpretation of the classic rubber raincoat. In the last financial year, Rains had a gross profit of 46 million and a profit before tax of DKK 27 million.

‘”With their strong insight and competencies in the financial industry, Financial Procurement has provided impartial holistic advice that has significantly increased transparency and insight into pricing, solutions and relevant players. They have been able to negotiate satisfactory individual agreements on our behalf, resulting in better global solutions – as well as significantly improved pricing. The improvements in solutions and pricing are also much better than I had initially expected.”
– Kenneth Davids, Financial Manager and co-owner.

3Shape develops and manufactures next-generation technology that benefits dentists and patients alike, serving customers in over 100 countries through market-leading innovative technology with great success. In the last financial year, 3Shape had net sales of approximately DKK 1.7 billion at group level.

“It is essential for us to be competitive on all parameters, which is why it is important that we have satisfactory terms and solutions with all our business partners. NORTH has assisted 3Shape with a review of our financial set-up, where we have experienced qualified and valuable independent advice.

NORTH has demonstrated a professional and objective approach with a niche knowledge of all our banking products – and has positively challenged 3Shape in areas we had not initially assessed a need. Together, we set the scope.

About Mikkeller
Mikkeller is a Danish brewery that, with its focus on innovation and quality, has established itself as one of the leading players in specialty beer in Denmark and internationally. Mikkeller currently has 41 bars and restaurants across 15 different countries with 600 employees.

CFO Mads Sanderhoff Poulsen says he has been satisfied with the process and the benefits of Financial Procurement’s impartial advice.

GUBI is a Danish design and interior company specializing in furniture, lighting and interior products. GUBI's products are sold in retail stores and to professional customers all over the world. Approximately 75% of revenue comes from outside Denmark. In the last financial year, GUBI had a gross profit of DKK 167 million with a profit before tax of DKK 133 million.

“NORTH Financial Procurement’s advice has contributed to GUBI achieving better financial solutions and pricing. Their advice has also resulted in us achieving the necessary transparency. The process is handled professionally and efficiently from Financial Procurement’s side, which is why we are very happy with their work”.

Abena develops and produces nursing care, disposables, personal protective equipment and cleaning products, among other things, while its customers are mainly hospitals, nursing homes, private businesses, etc. Abena's products are currently marketed in over 80 countries around the world and the group has approximately 1,800 employees and a turnover of over DKK 6 billion in the 2020/21 financial year.

“Banking products in large companies today are complicated and time-consuming to understand, and it can be difficult to get the full picture. We continuously use NORTH to analyze/assess our banks, which gives us the transparency, openness and benchmarking of our banking operations, ensuring a more nuanced dialog with our banks”.

25syv is a Danish gaming company with many years of experience in online sports betting, gaming, casino and horse racing. The 25syv family consists of Bet25, Rød25, Derby25 and CasinoGo.

“We chose to use NORTH’s expertise when we suspected incorrectly charged fees from a payment provider. With NORTH’s assistance, we identified and made it visible to our supplier that there had been a significant over-invoicing over a long period of time, which was corrected and subsequently credited. The process has been a positive experience that has been well managed by NORTH and resulted in significant savings. Compared to an absolute minimum of hours spent on our side, we are quite satisfied with the project.”