Empower is outsourcing its financial management and payroll accounting services in Finland and Sweden to OpusCapita

February 05, 2014

The multinational service group Empower is outsourcing the financial management and payroll accounting services of its units in Finland and Sweden to OpusCapita, a company specializing in outsourcing of financial processes.

 Empower’s payroll accounting in Finland has been managed by OpusCapita since June 2013. Under the cooperation, which has now been extended, OpusCapita will also be responsible for providing accounts payable, accounts receivable, bookkeeping and payment traffic services to the Empower Group in Finland, and accounts payable, payroll accounting and travel expense claim services in Sweden.

 

The motivation for the outsourcing decision was provided by an analysis of financial management processes that was carried out at Empower at the end of 2012. Based on the analysis, the company decided to ask several suppliers for proposals regarding the outsourcing of financial management and payroll accounting.

 

“Our goal is to ensure the continuity of services and to develop the tools and operations of our financial management processes to support our business. By outsourcing the services, we will ensure the reliability and flexibility of our financial management services in the future,” says CFO Lars Schedin from Empower.

 

“As a strong North European company specializing in outsourcing of financial processes we will be able to meet all Empower’s needs. The implementation of our services will be conducted in phases according to the customer’s wishes,” says Petteri Heikinheimo, Vice President of the Finance and Accounting Services business unit at OpusCapita.

“This arrangement with Empower will also help us to achieve our goal of strategic growth. Outsourcing services have become increasingly popular in recent years. We believe that this market will grow considerably in the near future, particularly among medium-size companies which is exactly the target group that Empower also represents,” Heikinheimo concludes.

 

 

For additional information, please contact:

 

Lars Schedin, CFO, Empower Group, tel. +46 70 696 5604,
lars.schedin@empower.eu

 

Petteri Heikinheimo, Vice President, Finance and Accounting Services, OpusCapita, tel. +358 50 364 4597, petteri.heikinheimo@opuscapita.com

 

Empower Group is a multinational service company which helps to keep the wheels of society running and improves the competitiveness of customers. We build, install, maintain and repair electricity and telecom networks, maintain power plants and factories and deliver energy market services and ICT solutions.  We operate in about one hundred locations in Finland, Sweden, Norway, Estonia, Latvia and Lithuania. Our turnover in 2013 was EUR 325 million, and the company has about 2,650 employees. www.empower.eu