In an era where service businesses are fighting margin erosion while adapting to rapid changes brought by artificial intelligence, operational visibility has become a competitive advantage. Estonian founded Scoro is taking a major step toward solving one of the industry’s most persistent pain points by acquiring Envoice, an AI-driven bill and expense management company also founded in Estonia. The deal aims to unify how professional services firms track time, budgets, and external costs across the entire project lifecycle.
Closing the Cost Visibility Gap
For years, professional services companies have monitored time and financials in separate systems. This separation has often forced teams to wait for month end reporting to understand whether projects are still profitable. When costs arrive late or are not associated with the correct project, margins can be overstated until it is too late to correct course.
By combining Scoros project management platform with Envoices automated bill and expense capture, firms can now monitor every project expense as it happens. This gives teams the ability to make informed adjustments in real time, preventing overspend and ensuring that margins reflect actual activity rather than delayed bookkeeping.
Two Complementary Platforms Under One Vision
Scoro offers a comprehensive operating environment for professional services companies, spanning project planning, time tracking, resource scheduling, financial control, and reporting. Envoice focuses on the financial side of back office operations, including AI powered bill capture, receipt processing, approval workflows, and expense automation.
Together, these systems create an end to end flow where every external cost is automatically linked to the correct project, budget, and purchase order. Integration between the two products is already live, and the companies plan to introduce additional automation over the coming months to ensure seamless data exchange.
Automation for the Entire Project Lifecycle
Scoro founder and CEO Fred Krieger said the acquisition is a major milestone toward the companys long term vision of applying AI and automation across the full lifecycle of professional services work. He noted that service businesses live and die by their margins, yet external expenses often sit in disconnected systems, leading to incomplete project tracking.
Krieger emphasised that Envoice has built a highly innovative solution for bill capture and bookkeeping automation. By adding this technology to Scoro’s project centric platform, the combined ecosystem ensures that no cost goes unlogged and that financial reporting is more accurate, timely, and insight driven.
Why Real Time Cost Tracking Matters More Than Ever
Margins in professional services firms are tightening as AI reshapes the industry and increases competitive pressure. Firms that rely on delayed reporting risk discovering profit gaps only after project delivery, when it is too late to correct them.
Real time expense capture enables teams to align spending with budgets continuously, manage procurement more intelligently, and evaluate project health without waiting for accounting teams to finalise monthly records. It also reduces the administrative burden on employees, who no longer need to manually submit or classify receipts and invoices.
Accelerating Product Development at Envoice
Envoice CEO Jaanus Põder said that joining Scoro marks an exciting new chapter for the company. While Envoice will continue operating as an independent product, the acquisition gives the team access to additional resources and accelerates their roadmap.
Põder emphasised that customers and partners will experience continuity in how Envoice operates today, with the added benefit of faster innovation and deeper integration opportunities.
What Comes Next
Scoro and Envoice plan to roll out new automation features within two months, focused on tightening the connection between project activities, financial data, and real time reporting. Over time, the companies expect the combined ecosystem to evolve into one of the most complete AI powered operating systems available to professional services businesses.
By unifying project execution with automated financial control, Scoro and Envoice aim to reshape how service firms manage work, track performance, and protect their margins.
