Lassila & Tikanoja outsources its financial management to OpusCapita

October 31, 2014

Finnish waste management and recycling company Lassila & Tikanoja plc and OpusCapita Group Ltd have concluded a financial management services outsourcing agreement. The agreement, worth several million euros, will enter into effect on November 1, 2014 for a period of at least five years.

With this arrangement Lassila & Tikanoja are aiming to boost their agility, significantly cut costs and standardize their processes. OpusCapita will be responsible for providing Lassila & Tikanoja’s accounts payable, payment transactions, and travel and expense invoice services. Approximately 10 employees at Lassila & Tikanoja will also transfer to OpusCapita under their existing contracts.

“We are aiming to develop our operations and increase the degree of automation. It is also important for us to continue to ensure the reliability, development and flexibility of our accounts payable and travel invoice services, even when there are rapid changes occurring in the operating environment. We chose OpusCapita because during the negotiations process we became convinced that, being a highly professional and international operator, they will be able to support us in implementing these changes,” says Timo Leinonen, Chief Financial Officer at Lassila & Tikanoja.

“We are pleased to have this opportunity to broaden our cooperation with Lassila & Tikanoja. Together with Lassila & Tikanoja we are committed to developing the company’s current purchase-to-pay processes and further automating and digitizing these processes. Under the agreed package, the outsourced services will be combined with cloud services to form a seamless Business Process as a Service (BPaaS) solution,” explains Seppo Korhonen, Sales Director at OpusCapita.

Further information:

Timo Leinonen, Chief Financial Officer, Lassila & Tikanoja, tel. +358 400 793 073, timo.leinonen@lassila-tikanoja.fi

Seppo Korhonen, Sales Director, tel. +358 40 824 5713, seppo.korhonen@opuscapita.com

Lassila & Tikanoja is a service company that is transforming the consumer society into an efficient recycling society. In cooperation with our customers we are reducing waste volumes, extending the useful lives of properties, recovering materials and reducing the use of raw materials and energy. We help our customers to focus on their core business and to save the environment. Together, we create well-being and jobs. With operations in Finland, Sweden and Russia, Lassila & Tikanoja employs 8,000 persons. Net sales in 2013 amounted to EUR 668.2 million. The company is listed on NASDAQ OMX Helsinki.

OpusCapita sets the new standard for financial processes. With 2,300 passionate professionals, we focus on Purchase-to-Pay and Order-to-Cash processes where we combine software, outsourcing and services with a delivery model that offers the best value for our customers. We have operations in nine countries and vast experience accumulated with over 10,000 customers, with end-users in more than 50 countries. In 2013, OpusCapita’s net sales totaled EUR 263 million. OpusCapita is part of Itella Group and has its head office in Finland. www.opuscapita.com