Grano Does Modern Financial Management in a Cost-effective Way

About Grano

Industry
Other printing

Employees
900

Revenue
108M € (2021)

Service Solutions
Financial service center

Web Page
https://www.grano.fi/en

Grano is one of Finland's largest marketing and communication companies. Company’s services cover all business-supporting content projects, from creative planning to production, publishing and data management. More than 900 professionals work at Grano and their services are produced all over Finland.

– We are an excellent partner to help customers conceptualize for example various properties and spaces, says Karita Laakso, CFO of Grano.

A developing partner for growth

The financial management of Grano, which had grown through acquisitions, was outsourced to Staria about three years ago.

– We wanted to have the most efficient and reliable partner who can also, in cooperation with us, develop financial administration as digitization progresses, Laakso says.

Staria has built a comprehensive financial service center for Grano, where service design is combined with modern technology. A dedicated team of financial administration professionals handles Grano's financial routines and external reporting, such as accounting, ledger and payment transactions.

The aim of the cooperation has been to modernize and streamline financial administration processes and automate routine tasks. Automation was used to save time and thus enable concrete cost savings. Also, artificial intelligence supports the efficiency of the service.

– Together with Staria, we built a development plan in which different areas were immediately broken down into smaller parts. After that we started to see how we wanted to make processes more efficient and what value artificial intelligence could bring us, Laakso recalls.

"The Staria model can be recommended"

The work has been done in a steering groups, where together with the representatives of both companies, the current situation and future steps have been reviewed.

– I have worked with many different financial administration service companies. What I like about Staria especially, is the way they took over the whole process. We discuss the big picture together with them, so that things can be carried out as clearly as possible from start to finish. Another thing that is worth mentioning is the transparent pricing, which allows us to save costs, Laakso states with a smile.

Continuous development

Continuous development of operations and services is important in an ever-digitalizing environment. When a partner has the strength and know-how to offer development work, both parties benefit from it.

– Core services in financial administration are really important. The more efficiently and transparently they are managed, the easier our everyday work gets. Now we have time to invest into our core business, Laakso praises.