Our customers
We provide our clients with services in performance management, financial management, analytics, visual reporting, and data platform development, as well as reporting solutions that meet various regulatory requirements.
Case Studies
REKA Industrial Plc
REKA Industrial Oyj streamlined its financial processes using Tagetik’s consolidated accounting and interim reporting system
The REKA Group needed to modernize its consolidation system and transition to a modern cloud-based solution. The Clausion FPM system they had previously used no longer met the changing needs of the finance department. REKA’s goal was to find a system that the finance department could easily use and maintain on its own. The company also wanted the new system to provide transparency into its financial figures and streamline work processes through automation.
The following company was selected as the solution provider HSolutions and the company’s technology partner CCH Tagetik. In addition to consolidated financial reporting, CCH Tagetik offers a centralized platform for ESG sustainability reporting, budgeting and forecasting, as well as IFRS 16 accounting and ESEF-compliant iXBRL reporting. Tagetik’s solution enables all internal and external accounting to be centralized on a single service platform, reducing the number of integrations and standalone point solutions. This modern cloud-based service platform enables the finance department to independently develop and maintain services while significantly reducing the need for IT support.
REKA had precisely defined the features required of the system. Tageti’s system was ideally suited to meet those identified needs.
-Tagetiki’s consolidated accounting and interim financial reporting solution has brought much-needed transparency to our financial figures and streamlined our consolidated accounting processes. The implementation project stayed on schedule and within budget, thanks to HSolutions’ professional project team. The solution’s ease of use has also enabled the finance department to develop independent reporting capabilities, which is a significant added benefit, says Sari Tulander, CEO of REKA Industrial.
Tageti’s consolidation system offers workflows that help the finance department build efficient financial processes. With the system, REKA was able to eliminate repetitive manual tasks and streamline its work. Now, finance staff have time for development tasks.
-We are currently implementing Tagetik’s Collaborative Office solution, which enables the figures for the financial statements and annual report to be automatically updated in Microsoft Office applications. Collaborative Office also enables simultaneous editing of the annual report across different departments. We can have figures and graphs automatically updated in reports for the board of directors and the management team as well. This significantly streamlines and simplifies our work, Minna Palander, Chief Accountant at REKA Industrial.
-HSolutions’ training services and technical support have also played a crucial role in this ongoing development project, which we have now carried out independently. “Throughout the process, we have always received professional assistance and support from HSolutions’ experts as we developed a solution tailored to our business needs,” Palander continues.
"Close cooperation and a shared commitment to the goals are key to the project's success. Working with REKA's finance team went very smoothly, and it is a pleasure to help them further develop the system," says Team Lead Sami Metsärinta, HSolutions.
REKA Industrial Plc operates where the energy transition is taking place
REKA Industrial is a Finnish industrial company operating in the rubber industry. We own Reka Kumi, a manufacturer of industrial rubber products. The company’s operations are based on a high level of expertise in rubber, as well as an agile and customer-focused approach to tailoring high-quality solutions for our customers’ own production needs.
Through these investments, Reka Industrial is helping to drive the energy transition and the electrification of vehicles. As an industrial family-owned company, we are committed to the long-term development of our companies’ performance and sustainable growth.
Over the past 120 years, Reka has grown through various stages to become an internationally recognized and respected industrial company.
Reka Industrial’s revenue in 2022 was €202.9 million. Reka Industrial’s Series B shares are listed on Nasdaq Helsinki Ltd under the ticker symbol REKA.
Read more: www.rekaindustrial.fi
Fix Nordic
Our system solved Fix Nordic’s product and inventory management challenges
As an agile provider, we can offer customized solutions to meet the diverse needs of businesses. HSolutions designed a custom product and inventory management system for Fix Nordic, a company that installs furniture.
Fix Nordic’s inventory data was managed in Excel. The company did not have a product catalog available for customers to view, and orders were processed over the phone. This involved a great deal of manual and memory-dependent work, so a more efficient solution was urgently needed.
“We couldn’t find a suitable system on the market at a reasonable price. We were told that HSolutions had the expertise to build a modern, cost-effective solution tailored to our needs,” says Stefan Lostedt of Fix Nordic.
As a result of our collaborative design work, we implemented a customer-centric system for FixNordic to streamline the ordering process and boost overall business efficiency. The cloud-based system we designed operates via a web browser on FixNordic’s own web domain. Automation has been built into the system to make maintenance as easy as possible. Product, image gallery, and master data management are centralized in one place.
"We no longer need to maintain separate Excel spreadsheets. Adding new products and their images is easy. Plus, they appear to the customer immediately and are available for order right away," says Stefan Lostedt.
Thanks to this modern solution, product and inventory tracking is always up to date. The system also serves FixNordic’s customers by providing photos and descriptions of products and enabling them to reserve items and place orders. Customers can log in directly to the system via a secure connection to view products and place orders. There’s no need to call anymore—orders are sent automatically to FixNordic. This eliminates the previous situation where customers could order products that were already out of stock. In addition, the system provides a full audit of the entire order chain.
-Since the system also operates in the cloud via mobile devices, I can check inventory and order status at any time and on any device. The system is also flexible for our customers, as they can place orders according to their own schedules. “With this solution, we’ve been able to streamline our business operations in terms of both working hours and product management and processes. Plus, the solution is very cost-effective to maintain,” says XX from Fix Nordic.
Fix Nordic Oy was founded in 2005. It is a limited liability company headquartered in Helsinki, and its main line of business is furniture installation. Its clients include companies and large corporations.
BACKGROUND TO THE STORY:
o Current situation and challenges
- The customer calls the supplier about the furniture and places an order for the desired items
- The supplier records in their own Excel spreadsheet who is ordering what, the quantities, and the delivery time
- Manual weekly inventory and stock control, as well as reservations
- No real-time inventory tracking with the customer, nor a photo gallery to browse the product selection
o Solution
- We will build a cloud-based, browser-based warehouse inventory system on the supplier's web domain
- Real-time inventory management and data auditing
- Customers log in to the system and make reservations via a secure connection
- Automatic notification of new reservations to the supplier
- Manage products, image galleries, and master data all in one place
- Mobile system management and real-time addition of images and products
o Efficiency and reduction of manual labor
- Maintenance of product Excel files and updates to reservations were omitted
- It is no longer possible for products to sell out before a reservation is made
- The photo gallery is also available for the customer to view
- New products available now
- Inventory data and reservations are always up to date
- Maintenance costs for the solution are less than €20 per month
Evli Bank Plc
Evli streamlined its financial processes using Tagetik’s consolidation system
Evli Bank Plcwanted to upgrade its consolidation system to a more modern one, as updates for the previous system (Hyperion HFM) were set to end by the end of 2019. Evli sought a replacement system that would improve transparency in financial figures, streamline work processes through automation, and be easy for the finance department to use.
The technology selected wasCCH Tagetik, which is represented in Finland byHSolutions. CCH Tagetik offers both cloud-based and on-premises corporate performance management (CPM) solutions.
The Tagetiki system met all of Evli's requirements
-The new consolidation system we’ve implemented has brought us numerous benefits. Transparency regarding financial figures has increased significantly with Tagetik’s system. The figures are updated directly from the database, giving us a constant real-time view of our financial data, saysCFO Juho Mikola.
Tageti’s consolidation system enables clear workflows that make it possible to build efficient financial processes. With the help of the system, Evli was able to eliminate unnecessary routine tasks and streamline its operations.
HSolutions’ approach is based on close collaboration with the client, so Evli was involved in the planning process from the very beginning. The HSolutions team worked alongside Evli staff on a weekly basis at the client’s offices. This ensured the project progressed smoothly. The close collaboration also facilitated the subsequent implementation of the new system
– Mutual commitment to the goals is key to the project’s success. HSolutions’ consultants were fully committed to the project and did an excellent job, saysJuho Mikola.
Evli Bank Plc is a Finnish private bank specializing in investment services. Evli serves private individuals and institutions, such as insurance companies, pension funds, organizations, municipalities, and corporations. In addition to asset management services, Evli offers various capital market-related services, such as brokerage of equities and other investment products, market making, and investment research, as well as corporate finance services. The company also offers funds and banking services that support investment activities. Learn more about Evliat www.evli.com.