The new finance arm of Enterprise Resource Planning (ERP) provider Visma has chosen Tieto's platform ProFinance to offer factoring to its Swedish SME customers.
The platform will provide Visma Finance with a modular automated platform to improve operational efficiency and user experience.
The Visma group consists of more than 200 companies across 16 countries worldwide. The structure allows the business to remain close to local markets while sharing expertise globally as it delivers software that simplifies and digitises key business processes in the private and public sector.
Johannes Hill, chief executive officer of Visma Finance (pictured above) said: “The key for Visma Finance to be able to succeed and scale as needed was to choose standardised and proven components in the IT setup. In our requirements it was therefore important to select a partner with extensive domain knowledge and Nordic presence. This led us to choose Tieto and we feel confident about growing our customer offering beyond Sweden and including factoring in our solutions.”
Tieto focuses on combining software and service alongside innovation as part of its business offering capabilities with a strong drive for co-innovation and ecosystems.
It has published whitepapers on issues ranging from chatbots to the circular economy.
Olof Dedering, vice-president of credit solutions and services at Tieto (pictured), said: “We’re excited to help Visma Finance establish factoring in the Nordics. Factoring is one of the fastest growing services within the corporate finance market, and our factoring solution, which in the case of Visma Finance combines our software platform and BPO service, boosts our customers’ business with fast time to market and flexibility for growth.”
