List of Clausion Financial Consolidation Customers
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Since 2010, our global team of researchers has been studying Clausion Financial Consolidation customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased Clausion Financial Consolidation for Financial Consolidation and Close from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using Clausion Financial Consolidation for Financial Consolidation and Close include: Lehto, a Finland based Construction and Real Estate organisation with 1042 employees and revenues of $462.0 million, Eezy (ex-VMP), a Finland based Professional Services organisation with 30000 employees and revenues of $321.0 million, Ensto, a Finland based Utilities organisation with 1600 employees and revenues of $300.0 million, Relais Group, a Finland based Automotive organisation with 973 employees and revenues of $280.2 million, Finnvera, a Finland based Government organisation with 350 employees and revenues of $150.0 million and many others.
Contact us if you need a completed and verified list of companies using Clausion Financial Consolidation, including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the software purchases.
The Clausion Financial Consolidation customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Eezy (ex-VMP) | Professional Services | 30000 | $321M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2019 | n/a |
In 2019, Eezy implemented Clausion Financial Consolidation to standardize group close and planning workflows. Clausion Financial Consolidation is deployed as Eezy's Financial Consolidation and Close application supporting the company finance organization and formalizing budgeting and forecasting cadence.
The implementation configures core consolidation capabilities including entity level roll up, intercompany elimination logic, statutory reporting templates, and centralized data collection for budget and forecast input. Eezy conducts budgeting annually using Clausion Financial Consolidation, and forecasts are updated every month, reflecting a recurring forecast cycle managed inside the application.
Operational coverage focuses on finance, accounting, and FP&A teams, with Clausion Financial Consolidation serving as the single system of record for consolidated financials and plan versus actual analysis across the group. The deployment embeds consolidation and close workflows alongside planning processes to align month end close activities and periodic forecast refreshes.
Governance was oriented around a structured annual budget process and a monthly forecasting rhythm, assigning responsibility for submissions to business units and orchestration to corporate finance. Clausion Financial Consolidation is referenced throughout Eezy finance processes as the authoritative Financial Consolidation and Close platform for consolidation, reporting, budgeting, and rolling forecasts.
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Ensto | Utilities | 1600 | $300M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2020 | n/a |
In 2020, Ensto implemented Clausion Financial Consolidation. The project centralized group-level consolidation and close workflows within Ensto's corporate finance function, using Clausion Financial Consolidation to support Financial Consolidation and Close processes across the group.
Deployment emphasized improved reporting, efficiency and automation, building on Ensto's long-standing use of Clausion and its predecessor Basware solutions. Configuration work focused on automated data collection, entity-level reporting, currency translation, consolidation ledgers, intercompany elimination and workflow-driven close orchestration to standardize period-end activities and accelerate reporting cycles.
Integrations were structured to pull statutory and management balances from operational ERP sources and to feed consolidated reports into group reporting processes, aligning data flows with finance controls and close calendars. Governance remained with Group Controller oversight, and selection followed competitive tendering where Tiina Ravaska, Group Controller, stated "Clausion has been a reliable partner. When we were doing a competitive tendering, it was clear that Clausion solution was more ready for financial consolidation than its competitors".
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Finnvera | Government | 350 | $150M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2019 | n/a |
In 2019, Finnvera implemented Clausion Financial Consolidation to support Financial Consolidation and Close processes within its finance organization. Clausion Financial Consolidation was configured to centralize periodic consolidation, intercompany elimination, statutory and management reporting, close orchestration, and audit trail capabilities typical of a Financial Consolidation and Close application. The deployment emphasized configurable consolidation logic and documentation of system processes to support month end and statutory workflows across the finance function.
Finnvera reports strong satisfaction with the solution and its flexibility, and highlights ongoing advisory support from Clausion consultants. "Consultants are extremely professional and cooperative. Solutions what they offer are well-thought and planned", Tarmo Narikka says. "One small, yet important thing is documentation which is done for our system environment. It describes our processes in the system and it is a great additional tool for system usage, learning and developing", Tarmo Narikka adds.
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Genelec | Retail | 170 | $20M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2019 | n/a |
In 2019, Genelec implemented Clausion Financial Consolidation to centralize its Financial Consolidation and Close processes. The deployment targeted the finance organization at Genelec, a 170-employee retail company based in Finland, with the objective of unifying statutory and management close workflows under a single consolidation application.
Clausion Financial Consolidation was configured to support core consolidation capabilities common to the Financial Consolidation and Close category, including entity roll up, currency translation, intercompany eliminations, consolidation adjustments, consolidated reporting, and automated validation rules. The implementation emphasized close orchestration and task sequencing to streamline month-end activities and to provide audit trails and role-based access for finance users.
Architecturally the solution was provisioned as a centralized consolidation instance for the company, accessed by finance personnel across Genelec entities, with configuration focused on ledgers, consolidation calendars, and security roles. The rollout reinforced standardization of consolidation charts of accounts and close schedules, and embedded controls for reconciliation and posting tolerances as part of close governance and workflow restructuring.
Genelec highlighted strong ongoing service and consultant engagement as part of the implementation outcomes. Pauliina Timlin at Genelec stated I have been very happy with Clausion consultants and customer service, the consultants are highly experienced on various type of companies and operational environments, our conversations are always very good, and they actively bring different type of solutions to the table, we have never been disappointed with the Clausion customer support, which underscores sustained vendor support and advisory involvement after go live.
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Granlund | Professional Services | 1000 | $114M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2020 | n/a |
In 2020, Granlund implemented Clausion Financial Consolidation from Insightsoftware in the Financial Consolidation and Close category. The deployment centralized group consolidation and budgeting workflows within a single application for Granlund, a Finland based professional services firm with roughly 1,000 employees. This implementation positioned Clausion Financial Consolidation as the authoritative repository for consolidation and budget orchestration across the finance organization.
The implementation focused on core consolidation capabilities typical of Financial Consolidation and Close solutions, including a centralized data repository, period close orchestration, and budget consolidation workflows. Configuration work emphasized removing manual Excel aggregation by capturing financial and budget inputs directly in the Clausion Financial Consolidation environment, and automating consolidation steps to streamline month end and budgeting cycles. The solution was configured to surface the full consolidated position immediately, reducing the need for manual reconciliation tasks.
Operational coverage targeted Granlund’s finance and planning teams responsible for group reporting and budgeting, with the single data location eliminating transfers between disparate spreadsheets and systems. According to Granlund, having all data in the same place avoided time and resource bookings for unnecessary interphases and removed the overnight process of gathering Excel files. That operational consolidation simplified visibility across legal entities and budgeting units.
Governance and process changes accompanied the technical deployment, shifting control of budget collection and consolidation into the Clausion Financial Consolidation application and reducing ad hoc spreadsheet workflows. Granlund reported faster budgeting cycles and immediate consolidated views as direct outcomes, noting reduced manual effort and quicker access to the full picture during close and budget planning, as described by Henrik Ranta at Granlund.
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Professional Services | 340 | $60M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2021 | n/a |
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Construction and Real Estate | 1042 | $462M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2020 | n/a |
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Automotive | 973 | $280M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2018 | n/a |
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Retail | 400 | $50M | Finland | Insightsoftware | Clausion Financial Consolidation | Financial Consolidation and Close | 2018 | n/a |
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Buyer Intent: Companies Evaluating Clausion Financial Consolidation
- HSolutions Finland, a Finland based Professional Services organization with 20 Employees
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