Since its founding in 2008, M3 Schakt has grown into one of Stockholm’s leading transport and machinery companies. With that growth came increasing demands on financial reporting. When the need for consolidated reporting arose, CFO Niklas Sjölin quickly realized that Excel was no longer sufficient – it was time for a more sustainable solution. The choice fell on Leasify.
– M3 Schakt is a group operating in equipment brokerage, skilled labor, and above all transportation of excavated materials and other types of contracting work. In addition, the company runs its own rental business, offering machinery and equipment, explains Niklas Sjölin, CFO at M3 Schakt.
Niklas explains that about a year after he started working at M3 Schakt, a new need emerged. The company was required to prepare consolidated financial statements, something they hadn’t needed to do before.
– We realized early that we needed a system to help us manage everything more efficiently, especially around the year-end closing. The other option was to handle everything manually, but that would have been both inefficient and complex, he said, and added:
– When you’re doing consolidated reporting, you also need comparative figures. That meant we had to go back two years to make everything match. Recreating that history manually with all the lease agreements included is a huge job. And with so many contracts, it quickly became clear that it just wasn’t a sustainable solution.
– Right from the start, I knew I didn’t want to sit with an Excel sheet and try to manually compile everything on my own. I wanted a system that could actually handle it – without it depending on me keeping track of every detail in every contract. That’s how we first came into contact with Leasify and decided to move forward with them, he explains.
– I think the onboarding process went really well. We got a lot of support and were up and running quickly. What really surprised me in a positive way was the support around the entire contract process. It wasn’t just about the accounting, we also got features to manage renewals, terminations, and early exits. Things we hadn’t really planned for in the beginning, Niklas shares.
– It became clear that Leasify is more than just an IFRS 16 tool. It also supports the full contract lifecycle, with features like contract management, e-signing, and a clear structure that makes everything easier to handle, Niklas explains.
– We started using Leasify when we needed to prepare a consolidated financial report. That was our initial need. But quite soon we realized that Leasify could also support us in the procurement of leased vehicles, which was not something we had planned for from the beginning, Niklas explains.
Leasify matches company needs with transparent leasing offers from various providers. For M3 Schakt, this meant they could request quotes from car dealers and secure a market-based leasing setup tailored to the company’s specific needs.
– I would absolutely recommend Leasify to others. For us, the main goal has been achieved: managing consolidated reporting in a smooth and accurate way. At the same time, we’ve gained several other valuable features, such as automatic reminders that reduce the risk of missing important contract dates, Niklas concludes.