SalMar, one of the largest fish farming companies in the world, has been using eye-share for over a decade

Industry: 
Aquaculture

No. of employees: 
1 250

Head office: 
Frøya, Norway

About

SalMar is one of the world’s largest and most efficient producers of farmed salmon, with operations spanning the Norwegian coast from Møre og Romsdal in the south to Troms og Finnmark in the north. The company is self-sufficient in smolt production, utilizing the Rauma strain for broodstock. SalMar’s significant harvesting and processing activities are centered locally in Norway, with key facilities like InnovaMar on Frøya, InnovaNor on Senja, and Vikenco at Aukra. A pioneer in offshore farming, SalMar Aker Ocean operates innovative semi-offshore projects such as Ocean Farm 1 and Arctic Offshore Farming. Internationally, SalMar owns 52% of Icelandic Salmon AS, the largest salmon farmer in Iceland, and holds a 50% share in Norskott Havbruk AS, which owns Scottish Sea Farms Ltd—Great Britain’s second-largest salmon producer with operations in Scotland, Shetland, and the Orkney Islands.

Solution

SalMar implemented eye-share Workflow with the following modules: Invoice, General Ledger, Reminder, Report, Contract and Master data. The solution is fully integrated with their ERP system, Microsoft D365 FO and Maritech.

SalMar is one of the world’s largest and most efficient producers of farmed Atlantic salmon, with operations spanning large parts of the Norwegian coastline. Since 2007, eye-share has played a key role in the group’s finance processes.

“We started using eye-share back in 2007. At the time, eye-share Workflow was the main component,” says Thomas Næss, ERP Manager at SalMar.

“Over the years, we’ve added more modules, including Invoice Entry in eye-share Portal. We believe that will make a significant impact for us going forward.”

A decentralized organization with a high invoice volume

The group consists of more than 20 active companies at any given time, each with different levels of complexity and unique needs. Operations stretch along the Møre coast, Trøndelag, Senja, and Finnmark.

All incoming invoices are handled in eye-share.

“For me and everyone else at SalMar, eye-share is the starting point for all incoming invoices. It’s our document archive, and we use eye-share General Ledger in connection with our ERP system, where we post both invoices and other accounting documents,” says Næss.

With around 50,000 invoices processed annually, control and accessibility are critical.

SalMar has previously highlighted the importance of working within a shared system:

“Now, invoices go directly into the same electronic system, no matter where they originate. That makes the process more efficient. As a decentralized organization with a high invoice volume, maintaining the same level of control without a tool like eye-share would have been challenging,” said Tonette Bjørgård, Group Accounting Manager at SalMar.

Greater automation and broader module usage

Today, eye-share Workflow, eye-share Capture, and eye-share Portal are all in use across the group.

“We process a large number of invoices through eye-share Capture and use automation in several of our companies. Some have a higher level of automation than others, depending on complexity. But the impact is clear,” says Næss.

He also points to the importance of ongoing technological development:

“One of the strengths of eye-share is how adaptable it is. It integrates with a wide range of systems, and we’re able to adopt new technology and make use of the opportunities that come with it.”

One unified archive – wherever you are

SalMar’s accounting function is spread across multiple locations. Having access to documentation and vouchers regardless of geography has been essential.

“We have a complete electronic archive where we can quickly retrieve exactly what we’re looking for. The system is user-friendly and easy to navigate,” previously stated accountant Bente Reppe.

For more than 15 years, eye-share has supported SalMar’s growth — from a smaller organization to a group with significant national presence and increasing operational complexity.

“The need for strong tools has only grown over time. Having full visibility of ongoing costs and confidence in our financial data is absolutely essential for us,” says Tonette Bjørgård.