Scoro

Scoro Software LTD
IndustrySoftware as a Service (SaaS)
GenreProject Management, Professional Services
Founded2013
FounderFred Krieger
HeadquartersLondon, United Kingdom
Area served
Worldwide
ProductsProfessional Services Automation Software
Websitewww.scoro.com

Scoro[1] is professional services automation (PSA) software built for consultancies, agencies, IT firms, architecture, and engineering companies.

It unifies projects, resources, and finances in one system—so you don’t have to juggle multiple tools to keep work profitable..[2] The company has offices in London, New York, Tallinn, Riga, and Vilnius.[3]

History

Scoro was founded in 2013, in Tallinn, Estonia.[4]

In August 2016, Scoro secured $1.9 million in investment capital during its Seed round of funding, which was led by three VCs: Inventure, SmartCap, and Alchemist Accelerator.[3] In November 2018, Scoro closed a $5 million Series A round led by Livonia Partners with participation from existing investors Inventure and Tera Ventures.[5] The deal brings the total amount raised from investors to $6.9 million.[6]

The company has been named one of the fastest growing technology firms in Central Europe by the Deloitte Technology Fast 500.[7] Scoro has also been featured on the Inc. magazine's Inc. 5000 list as one of the fastest-growing private companies in America.[8] In 2019, Scoro was named as one of the hottest young companies across Europe and Israel by TNW.[9]

The company closed a $16.4 million Series B funding investment round in 2021, led by Kennet Partners.[10]

Software

Scoro brings projects, resources, and finances into one connected system.

Its core features include:

  • CRM & pipeline – Records organizations, contacts, and opportunities; tracks deal stage, expected value, probability, and close date; links activities (calls, emails, tasks) to each record; provides pipeline and conversion reporting; connects closed deals to the projects and quotes they originate.
  • Quote-to-cash workflow – Builds itemized estimates/quotes with services, hours, and rates; turns accepted quotes into project budgets, tasks, and schedules; tracks quoted vs. actual spend (“budget burn”) and scope changes; supports retainers with period-based budgets and reporting through to invoicing.
  • Project management – Structures work into tasks, milestones, and phases; assigns owners and due dates; offfers timeline (e.g., Gantt) and calendar views; supports comments, file attachments, and notifications; maintains quoted vs. actual progress and costs at the project or phase level.
  • Capacity & resource planning – Books work by person or role; shows availability against contracted hours, holidays, and approved leave; displays utilization heatmaps and forward-looking capacity forecasts; compares planned vs. actual allocation over selected date ranges.
  • Time & expense tracking – Provides start/stop timers and weekly timesheets; marks entries as billable/non-billable and links them to projects or tasks; supports expense capture with categories and attachments; includes submission and approval flows.
  • Cost & profit forecasts – Calculates planned and actual costs and revenue at project, phase, service, or role level; reports margin and variance to budget; supports multiple rate cards and internal cost rates for profitability analysis.
  • Billing & invoicing – Generates invoices from approved time, expenses, retainers, and fixed-fee schedules; supports partial and scheduled invoices; tracks invoice status and payments; produces period summaries for retainer agreements.
  • Revenue forecasting – Distributes expected revenue across a project’s timeline; incorporates pipeline deals (optionally probability-weighted) and committed work; separates forecasted vs. recognized/committed revenue for forward-looking reporting.
  • Multi-entity and multi-currency support – Manages multiple legal entities within one environment with entity-specific settings; records transactions and budgets in local currencies with conversion to a reporting currency; provides cross-entity and consolidated reporting.
  • AI-powered insights & actions – Includes automation and system-generated suggestions, such as triggers based on budget burn, overdue items, or utilization thresholds; can create alerts, tasks, or drafts (e.g., invoice drafts) when preset conditions are met.
  • Live dashboards – Configurable dashboards with widgets for progress, utilization, profitability, and other KPIs; supports filtering (e.g., by client, project, team, date range) and drill-through to underlying records; updates as data changes in the system.

Together, these functions combine project, resource, and financial data to provide consolidated reporting on project status, utilization, and financial performance.

Case studies

Scoro publishes customer case studies on its website across agencies, consultancies, and IT services. Examples include:

  • Global consultancy (Dec 16, 2024): Reported a 33% increase in project profitability and 20% increase in utilization after consolidating operations (including seven entities) on Scoro. [11]
  • Kojo (creative studio) (May 21, 2025): Reported saving 2–3 days per quote via reusable quote templates; production teams prepare most quotes in ~30 minutes and can return quotes within 24 hours. [12]
  • Creative agency (Jun 19, 2025): Reported 20%+ improvement in project profitability after standardizing estimating and tracking.[13]
  • Multi-entity agency (Saentys) (Feb 10, 2025): Reported saving at least two days per month on revenue forecasting with live dashboards; invoicing described as “ten times faster.” The case also references multi-entity and multi-currency operations. [14]
  • Marketing agency (Nov 18, 2024): Reported 66%+ increase in cash flow after changes to billing and collections processes. [15]
  • Political communications agency (May 7, 2025): Reported higher billable utilization and reduced overservicing after consolidating tools and tightening expense/budget tracking. [16]

Recognition and awards

2017

2018

  • Inc. 5000 fastest-growing companies in America[18]
  • Easiest to Use Business Process Management Software by G2[19]

2019

  • Best Software Companies in EMEA by G2[20]
  • FrontRunners for Project Management by Software Advice[21]
  • Category leader for Business Management category by GetApp[22]
  • Category leader for Project Management category by GetApp[23]
  • Easiest to Use Business Software by G2[24]

References

  1. ^ https://www.scoro.com/
  2. ^ Gage, Deborah (23 August 2016). "WSJ Pro Venture Capital". Wall Street Journal. ISSN 0099-9660. Retrieved 7 October 2016.
  3. ^ a b "Estonian business management software Scoro raises €4.4 million". Superfounders. 2 January 2018. Retrieved 2 January 2018.
  4. ^ "Workflow software startup Scoro raises $1.9 million seed round". Tech.eu. Retrieved 7 October 2016.
  5. ^ "Estonian business management software company Scoro raises 4.4 mln euros from investors". The Baltic Course | Baltic States news & analytics. Retrieved 27 September 2019.
  6. ^ Delova, Gabriela. "Estonian business management software Scoro raises €4.4 Million | SuperFounders". superfounders.com. Retrieved 5 November 2018.
  7. ^ "Technology Fast 50 Central Europe | Deloitte". www2.deloitte.com. Retrieved 5 November 2018.
  8. ^ "Inc. 5000 2018: America's Top Entrepreneurs". Inc.com. 15 August 2018. Retrieved 5 November 2018.
  9. ^ "TNW Tech5 2019". TNW Tech5. Retrieved 19 July 2019.
  10. ^ "Scoro Raises $16 Million in Series B Funding To Invest In Its End-to-End Work Management Software". Financial Post. 9 March 2021. Retrieved 2 June 2025.
  11. ^ https://www.scoro.com/blog/case-study-how-a-global-consultancy-unified-7-entities/
  12. ^ https://www.scoro.com/blog/case-study-how-a-creative-agency-cut-quote-creation-time/
  13. ^ https://www.scoro.com/blog/case-study-how-a-creative-agency-increased-project-profitability/
  14. ^ https://www.scoro.com/blog/case-study-how-a-multi-entity-agency-saved-time-with-live-dashboards/
  15. ^ https://www.scoro.com/blog/case-study-how-a-marketing-agency-increased-cash-flow/
  16. ^ https://www.scoro.com/blog/case-study-increase-billable-utilization-cut-overservicing/
  17. ^ "Technology Fast 50 Central Europe 2019". www2.deloitte.com. Retrieved 19 July 2019.
  18. ^ "Inc. 5000: Meet the Most Inspiring Companies of 2018". Inc.com. 15 August 2018. Retrieved 19 July 2019.
  19. ^ "Best Business Process Management Software in 2019". G2. Retrieved 19 July 2019.
  20. ^ "Best Software Companies in EMEA". G2. Retrieved 19 July 2019.
  21. ^ "Best Project Management Software - 2019 Reviews & Pricing". www.softwareadvice.com. Retrieved 19 July 2019.
  22. ^ "GetApp's Top Business Management Category Leaders". GetApp. Retrieved 19 July 2019.
  23. ^ "GetApp's Top Project Management Category Leaders". GetApp. Retrieved 19 July 2019.
  24. ^ "Best Business Process Management Software in 2019". G2. Retrieved 19 July 2019.
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