“At first we only had outsourced accounting and payroll, and for a long time I thought we could manage with that. It was only later that I realised that to support our growth, we needed business-driven financial management and better forecasting. Greenstep found a very qualified person to join us, who is still our CFO”, […]
Save time and reduce manual work by automating data updates Many companies dream of having rolling forecasts and improved accuracy – but making that a reality often takes a lot of manual effort. Finding the right numbers, ensuring they’re up to date, and manually entering them into a budget spreadsheet takes time. Time that would […]
20 Years of Experience, Two Employers Vesa Aaltonen began his career in finance at an early stage and now counts 20 years of experience in the field. He studied at Turku School of Economics, specializing in accounting and finance. Alongside his studies, Aaltonen worked as an intern at the Department of Accounting, and the researcher […]
Finance hasn’t been a just a back-office function in a long time. It’s a forward-looking partner to business growth. By combining the right technology, people and insights, companies can build financial models that don’t just reflect the business, but help shape it. Also, a budget isn’t just a plan for spending; it’s a blueprint for […]
Upgrade your ERP: pros and cons Upgrading is often a cost-effective and less disruptive option if your current ERP still supports most business functions. Modern updates can add features to meet evolving needs without requiring a full overhaul. Additionally, ERP apps and add-ons can address gaps in functionality for specific areas like projects, manufacturing, subscription […]
Product-Market Fit – or Lack Thereof One of the most common reasons a larger funding round fails is the lack of product-market fit. In Finland, the typical amount raised during a Series A round ranges between €2–10 million, which translates to an approximate company valuation of €5–30 million. Such a valuation cannot be justified unless […]
Rederi Ab Eckerö is an Ålandic shipping company that operates mainly in the Baltic Sea. The group consists of the parent company and several subsidiaries, with Eckerö Line and Eckerö Linjen being two of the most well-known. The group currently employs around 800 people and has a turnover of approximately 186 million euros (2022). Annica […]
Bridge Financing for Secured Funding (Project Bridge Financing) Nearly all growth companies face a common challenge when utilizing public funding: financing is disbursed against incurred expenses. As funding is provided retroactively, it is essential to secure financing to cover project costs during its execution. It is quite common for early-stage growth companies to seek bridge […]
Norrhydro is a Finnish pioneer in motion control solutions and one of the leading suppliers of energy-efficient hydraulic cylinders in the Nordic countries, with almost 40 years of experience. It develops and manufactures innovative and environmentally friendly hydraulic solutions for industries such as forestry, material handling, mining, civil engineering and the marine sector. The company […]