Municipality Finance Plc (MuniFin) of Finland Software Purchases and Digital Transformation Initiatives

Discover the latest software purchases and digital transformation initiatives being undertaken by Municipality Finance Plc (MuniFin) of Finland and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 140 Municipality Finance Plc (MuniFin) of Finland employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.

During our research, we have identified that Municipality Finance Plc (MuniFin) of Finland has purchased the following applications: OpenLink Findur for Treasury Management in 2017 and the related IT decision-makers and key stakeholders.

Our database provides customer insight and contextual information on which enterprise applications and software systems Municipality Finance Plc (MuniFin) of Finland is running and its propensity to invest more and deepen its relationship with ION Investment Group or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

We have been analyzing Municipality Finance Plc (MuniFin) of Finland revenues, which have grown to $259.0 millions in 2019, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Municipality Finance Plc (MuniFin) of Finland intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.

About

Municipality Finance Plc, a credit institution, provides financial services for municipalities and central government subsidized housing production in Finland. The company offers market-based funding to municipalities, joint municipal authorities, municipality controlled entities, and non-profit corporations and organizations.

Scope and Challenges

Municipality Finance Plc (MuniFin) of Finland selected Openlink’s solution to enhance the institution’s straight-through processing (STP) capabilities and comprehensively manage risk across the organization.

MuniFin launched a significant, internal transformation effort across its capital markets, customer finance, back office, risk management and IT functions. The team sought a solution that provides customizable STP capabilities across multiple asset classes and can meet unique business requirements. The search led MuniFin to work with OpenLink and implement the new platform in November 2017.

Outcome and Implications

Concurrently, MuniFin launched new instruments—such as green financing for environmentally friendly projects—and needed a platform that can grow with the future direction of Finland’s public sector projects.

Quotes

“MuniFin’s mission to provide competitive and timely financing for the Finnish public sector is based on overall operational excellence, how quickly and transparently we bring deals to closure, and a comprehensive view of risk. As we migrated to OpenLink's platform, we challenged ourselves to streamline and integrate our workflows. We also strengthened our foundation of deal data for improved analytics, reporting, and compliance, and shifted to even higher value work that serves the evolving needs of our customers.” - said Marjo Tomminen, Executive Vice President and Chief Financial Officer of MuniFin.