14/06/2011
OpusCapita helps Kemijoki Oy streamline its financial management
OpusCapita is delivering an IT2 Treasury Management system to
Kemijoki Oy, a hydroelectric power company. The system will
substantially simplify Kemijoki Oy's treasury operations. It will
automate the handling and reporting of financing agreements and
instruments.
The IT2 Treasury Management system is for companies looking to
renew and automate their financial and cash management. Kemijoki Oy
needed a modern treasury system and selected the IT2 solution.
We are very pleased with our choice," says
Susanna Rantala, Financial Manager of Kemijoki Oy.
"We settled on OpusCapita in early 2011, and the system start-up
project is currently in progress. With the renewal of the treasury
system we aim to achieve benefits through the automation of
financing processes. The system reduces the likelihood of manual
errors occurring, and accelerates and brings new dimensions to
financial reporting.
The IT2 Treasury Management system is a versatile option for
companies that seek solutions for automating their financing
processes. The modern system, which facilitates work processes, is
particularly well-suited to growth companies, as the system can be
modified as a company expands.
The IT2 system's clientele is growing all the time in the Nordic
countries. Kemijoki Oy provides an excellent example of the
system's functionality in different fields and companies of
different sizes, explains Päivi Karesjoki, OpusCapita's Regional
Director Finland. Thanks to Kemijoki Oy, OpusCapita is now
represented in the Finnish energy industry.
Companies in Finland using the IT2 Treasury Management system
include Huhtamäki Oyj, Tikkurila Oyj, Tapiola Bank and Ramirent
Plc.
Further information:
Kemijoki Oy
Susanna Rantala
Financial Manager
+358 (0)16 7401
susanna.rantala(at)kemijoki.fi
OpusCapita
Tiina Härkönen
Executive Vice President, Marketing and Communications
+358 (0)207 463 211
tiina.harkonen(at)opuscapita.com
Fast facts about
OpusCapita
OpusCapita helps organisations
become more agile and efficient by automating cash flows. Nearly 30
years' experience in cash management and treasury solutions has
enabled OpusCapita to develop software and services that have made
it a European benchmark in cash flow automation.
The company invests significantly
above the industry average in product development, and develops the
world's most user-friendly financial software.
OpusCapita employs about 130
people in Helsinki, Tampere, Stockholm and Copenhagen. Its revenue
was just below EUR 17.5 million in 2010. The company was
established in Finland in 1984, and is privately owned.
