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Here you will find information and resources related to modern financial management. Our aim is to provide you with insights and ideas that both inform and inspire. We welcome your feedback and comments, so please feel free to contact us with your thoughts.
Financial management at the top of the food chain
Case Leijona Catering
Leijona Catering was born when the catering services of the Finnish Defence Forces were incorporated. The new enterprise got off to a strong start. After a public tender, financial management solutions were ordered as a service from Efima. The new company started operations on January 1, 2012, and by then, everything needed to be ready, including financial systems integrated into resource planning, restaurant cash registers and payroll system. Efima did it.
Dynamic media and financial management
Talentum wished to unify its financial management practices in Finland and Sweden. The system chosen for this task was Microsoft Dynamics AX delivered as a cloud service by Efima. In tandem with sharing the same accounting system, Finland and Sweden now also share the same chart of accounts and internal accounting structure. Transparency has improved, and the company now has more time for quality improvement.
Attendo is the leading social and healthcare services company in Finland. Its growth has been remarkable in the recent years. The goal of financial management development is to achieve world-class operational acumen. Workplace organization, process development and partner utilization have already helped the business take big steps forward.
Sarlin consists of several independent companies and is active in many industries. The financial management of group companies is supported by Microsoft Dynamics AX as the Enterprise Resource Planning (ERP) system. However, the real benefits of invoice process automation were only achieved with the implementation of an integrated invoice processing solution.
Consistent processes support global operations
An ERP system acquired as a cloud service is a solid basis for consistent global processes according to Mikko Hytönen, CFO for Comptel. Trust in Efima's competence was strengthened during the implementation project which was pulled through in less than six months and below budget.
Outsourcing Financial Management and Accounting
Outsourcing has taken great strides forward during the past decade. The times of trial and error in outsourcing financial processes are over, and there are several reasons why outsourcing now makes more sense than ever. Cost savings—as important as they still are—are no longer the main driver for outsourcing.
Financial Management Software as a Cloud Service
A well-planned cloud service solution can be the most effective way of equipping a company with a ready-to-use financial system, with interfaces to different interest groups and related services. This paper examines the option of acquiring and using financial management systems as a service, and particularly, the benefits this could bring to the finance function.
Outsourcing finance processes delivers soaring global benefits
According to Mikko Hytönen, Comptel’s Global Business Controller, outsourcing is the ideal solution for cost-effective delivery of purchase and travel invoice processes. It also allows the finance team to develop the specialist skills needed to support Comptel’s international operations.
Marsh re-engineered its core processes, implemented e-invoicing and automated document handling. The efficiency and customer service benefits are clearly seen.
Financial Management 2010 and beyond
A major transformation of the finance function has taken place during the first decade of this millennium. Modern financial management is now at the core of the business it serves. But what are key points to address when planning for the future and improving efficiency?
Process transparency enhances functional efficiency
Case Peikko Group
Peikko Group uses Efima’s Invoice Workflow and Travel & Expenses solutions, integrated into Microsoft Dynamics AX, delivering significant improvements in process efficiency and transparency.
From administrative routines to expert business support
Case Veolia Transport
Veolia Transport has worked in partnership with Efima to adopt new financial management systems. The goal is to dramatically cut down on manual routines in finance management.
Putting on a show without seasonal resource issues
Case Fremantle Media
Fremantle Media is one of the largest television production companies in Finland, with highly seasonal and project-oriented business operations. The company has adopted a purchase and travel invoice cloud application from Efima.
A-Katsastus Group is a leading private provider of vehicle inspections, registrations, and vehicle-related testing services. As the business grew rapidly, the value of having a group-wide financial management system platform became obvious. At the implementation stage, Sweden was a natural choice for a pilot.
Case Leijona Catering reporting
Leijona Catering knows that good reporting needs to be up-to-date and visual, and available across the entire organization. This is the type of reporting that they began implementing in collaboration with Efima. The tool used was QlikView’s reporting software, which Leijona acquired as a cloud service from Efima.