Better bottom line through independent banking advice

Our deep insight into the financial market means we understand banks’ solutions, pricing and mindset in detail. We provide impartial advice in all areas and take care of the entire process with minimal resource consumption on your part. You choose whether you want us to do the job for a fixed or performance-based fee. We’re confident that we can create savings for you when we improve your banking relationship.

Improving bank collaboration

NORTH Financial Procurement reviews your current banking agreements in detail to ensure that your company achieves market-compliant solutions and pricing. We analyze, assess and make concrete recommendations, assist with bank negotiations and spar with your CFO on an ongoing basis.

What's the benefits of working with NORTH?

  • Complete overview of actual prices
  • Benchmarking against the market and alternative financial solutions
  • Renegotiate current solutions and prices
  • Simple administrative setup
  • The right banking partnership – both in the short and long term

Achieve significant savings with minimal resource consumption in the following areas

Increase in the number of internationally based companies doing business abroad.

We experience the following:

  • Lack of a defined currency policy
  • Large change in exchange rates in recent years, affecting the income statement, etc.
  • Companies often find it difficult to assess their exact currency risks
  • Increased focus on the risk of currency exposure and – consequently – hedging currency risks and opportunities.
  • More people continue to use financial contracts.

Increased costs

Significant fees are charged for both currency spot and forward transactions and options.

We experience the following:

  • Low transparency in bank pricing
  • Lack of overview of costs associated with currency conversions, etc.
  • Banks and other players in the market offer a wide range of solutions and prices, making it difficult for companies to know whether they’re getting the best deal.

Impartial review and recommendation

NORTH’s consultancy will ensure that your company has the best possible solutions and prices for foreign exchange.


  • Overview and better management of currency risks
  • Assess current solutions, products and prices
  • Transparency around the exact cost of each currency trade and hedge.
  • Qualified assessment of current solutions, products and prices
  • Market-compliant terms

An assessment of loan terms, term sheets, terms and conditions, etc. to achieve optimal terms when borrowing, refinancing or continuously optimizing financing.

NORTH’s advice and value creation
NORTH ensures that the company and the association obtain the most optimal individual financing terms. At the same time, we help in the financing process by:

  • Participates in dialogs with banks
  • Act as a sounding board along the way, so you receive impartial advice on an ongoing basis
  • Advisor in the form of ongoing assessments and recommendations that are not of a legal nature, but financial in relation to the loan.

Our financial advice includes, among other things, the following:

  • Identifies points of attention and sparring with the CFO on an ongoing basis
  • Securing the right banking partner – both short and long term
  • Reviews financing and loan structure and interest rate terms
  • Ensures insight into banks’ capital allocation
  • Reviews committed vs. uncommitted funding
  • Reviews covenants, termination terms, collateral and loan terms
  • Start-up costs
  • Intercreditor agreement

Focus areas

We review all the company’s or association’s financial agreements in the the following areas:

  • Deposits
  • Cash management
  • Warranty
  • Financing
  • Currency conversions
  • Currency hedging

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

NORTH's Process

A course with us typically lasts two months. Based on your specific needs, we review relevant elements of your banking collaboration and benchmark them against the market. Our analysis creates transparency about your terms and prices and points out where they should be better. We take this to the negotiating table with your banking partner and other relevant players, where we can use our negotiating experience and objectivity to secure better prices and solutions for you.

Phase 1


Initial meeting and dialog where we get to know you, your business and your needs for a banking partnership. We then agree on the framework for our advice and which areas of your banking relationship we will advise you on.

Phase 2


The banking market is characterized by many hidden costs that make the total price of a bank's services higher than it appears. We review your current products, prices, terms and conditions and other aspects of your banking relationship, including for example your loan types, financing and loan structure, loan, interest and termination terms, contribution rates, currency exchange rates, covenants and collateral and other relevant information.

Phase 3


Based on our insights into the banking market, alternative financial solutions and market prices, we benchmark your current agreement against the market and identify your potential to optimize and save money on your solutions.

Phase 4


We negotiate with your banking provider and obtain other offers if necessary. With our negotiation experience and market insight, we can secure prices and solutions that are otherwise difficult to negotiate.

Phase 5


Through our advisory and negotiation with your banking provider, you'll achieve a better working relationship with better prices, terms and transparency. Plus, you may be able to upgrade your current setup by adding modern technology, which in some cases offers better products at a significantly lower price.

Phase 6

A new, better agreement is reached

A new and better deal is struck. If desired, offers are requested from other players and NORTH provides an impartial recommendation.

What our customers say about the benefits of a project with us

Some of the people we've helped make significant savings in banking

Below you can read testimonials from some of the 2000+ companies that our team at NORTH Financial Procurement has helped achieve better banking solutions and prices.

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.

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.

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.

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.

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.

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.

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.”

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.

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.

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.”

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.

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.

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.

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.”

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.

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.

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.

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.”

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.

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.

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.”

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.”

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.

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”.

Experienced experts in Financial Procurement

Our experts have many years of experience in the financial sector and the payments market, where they have created a large number of payment and financial solutions. Read about some of the 200+ references NORTH Financial Procurement has helped achieve better solutions and prices. You can also see our team.