10/05/2012
Paroc Group to streamline payment processes with a solution from OpusCapita
OpusCapita, a subsidiary of Itella Information, will deliver a
Payment Factory solution for payment traffic to Paroc Group, a
producer of energy-efficient insulation products and solutions.
OpusCapita's Payment Factory will harmonise the Paroc Group's
cash flows and facilitate the management of its subsidiaries'
payment traffic. The solution will be implemented at Paroc's
service centre in Lithuania, and will help the Paroc Group increase
the efficiency of its payment processes in Europe. The Paroc
Group's payment traffic to and from external banks will be managed
centrally in the Payment Factory, allowing subsidiaries' payment
flows to be managed better.
"Despite the SEPA developments, multinational companies still have
to handle various national payment types and data standards. The
Payment Factory solutions delivered by OpusCapita harmonise payment
processes in subsidiaries in different countries and facilitate the
management of this diverse system. The financial benefits for our
customers are realised through improved efficiency of work, and
sometimes also as savings in bank transaction costs. Demand for
international Payment Factory solutions has grown substantially
during the last two years," says Johanna Saarinen,
OpusCapita's Sales Executive.
"Paroc will establish a service centre in Lithuania during 2012.
The aim is to handle the cash flow management of our subsidiaries
around the Baltic Sea centrally. To do this, we need an efficient
and reliable system solution, and based on previous experiences, I
believe that OpusCapita will fit the bill very well. The Group has
a joint ERP solution and bookkeeping account structure which help
us to harmonise and automate processes. The Payment Factory project
has only just been launched so we have a very interesting and busy
year ahead of us," says Joakim Flinck, Paroc
Group's Director of Group Finance.
Further information:
Tiina Härkönen
Head of Communications, Itella Information
+358 (0)50 3843 162
Tiina.i.harkonen(at)itella.com
Joakim Flinck
Director, Group Finance
+358 (0)40 556 4757
joakim.flinck(at)paroc.com
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 140 people in Helsinki, Tampere, Stockholm and
Copenhagen. The company was established in Finland in 1984 and has
been owned by Itella Information since July 2011.
Paroc Group Oy is a forerunner in the production
of energy-efficient insulation products and solutions. Expertise in
energy efficiency and the efficient utilisation of processes are
the cornerstones of our operations. PAROC® products include
building insulation, technical insulation, marine insulation,
sandwich panels and acoustic products.
The products are manufactured in Finland, Sweden, Lithuania and
Poland. The company has sales and representative offices in 13
countries in Europe. The Group's net sales in 2010 amounted to EUR
348 million and it employed an average of 1,945 people.
Paroc Group's principal owner is a group of institutional
investors. The company's staff is a minority shareholder.
