Company mergers and acquisitions

Create a new account: If your company receives a new business ID, create a new account through your financial management software or directly in the Maventa interface under Company settings > Company tools > Create company.
Change the company name: If only the company name changes but the business ID remains the same, update the name under Company settings > Company details and save the changes.

Use two accounts: Keep both the old and new accounts open simultaneously for a short period to continue using the old OVT number until you are ready to terminate the old account.
Termination: A termination notice must be made by the main admin or an authorized signatory. If necessary, we will verify the signatory authority through the Asiakastieto register and send a Visma Sign document for signing related to the termination. After termination, you will no longer have access to view the account's invoices.
Collective invoicing: Set collective invoicing/billing through another company for the accounts to be closed to ensure the new account is the primary billing target. This prevents the use of the wrong business ID in invoicing.
Kindly take into account that implementing consolidated invoice is possible only for Finnish and Swedish companies at the moment.

Establishing a new Maventa account for a company after a merger, changing the company name, and managing invoicing during the transition period.