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ReleasesSLO, Finland's leading wholesaler of electrical and telecom products, modernized its financial management system in cooperation with Solteq. SLO’s aim was to automate financial management routines to allow employees to concentrate on more demanding analytical tasks.
SLO’s previous system was replaced by Microsoft Dynamics NAV system, which will enhance SLO’s financial management processes, follow-up and reporting, as well as the internal transparency of the Company’s business operations.
“We wanted to automate financial management routines, and we chose Solteq as a reliable partner that understands our business operations and has a clear vision of how financial management system can be integrated with the rest of our systems”, SLO’s Chief Financial Officer Sinikka Tynjälä says.
The new system was integrated with SLO’s existing systems such as ERP, invoicing and payroll management. NAV will enable us to review data in the other systems at an event level.
Now the data entered into the Company’s ERP System will automatically be available for financial management. The new system also includes flexible search functions, easy-to-use reporting tools and high-quality tools for management accounting.
“SLO and Solteq have been partners for a long time, and therefore we understood the needs of their business extremely well. The long cooperation between our companies also helped us in the demanding task of integrating the new system with SLO’s existing system”, says Solteq’s Profit Centre Head Antti Turkkinen.
As SLO’s partner, Solteq is responsible for the delivery and deployment training, as well as updating and maintenance of the Dynamics NAV System.
Additional Information:
SLO Oy
CFO Sinikka Tynjälä
Tel. +358 (0)10 2832110.
sinikka.tynjala@slo.fi
Solteq Plc
Profit Centre Head Antti Turkkinen
Tel. +358 (0)40 8444 337.
antti.turkkinen@solteq.com
SLO Oy is the leading wholesaler of electrical and telecom products in Finland. We serve the needs of electrical contractors, power and telecom companies, network building and industrial enterprises as well as the public sector via 35 sales offices throughout Finland. Our more than 500 leading global suppliers enable us to provide the most competitive products as well as high-class expertise and logistical services to our customers.
SLO’s turnover is over 360 million euros and the number of employees 450. SLO Oy is a member of the international Sonepar Group, which is Europe's leading electrical wholesale company with over 14 billion euro turnover and 33 000 employees. www.slo.fi
Solteq provides ERP services to various businesses and industries, to logistics operators, and to the public sector. We complement our core offering with management and maintenance solutions for the speciality retail sector, as well as vertical solutions for the management and improvement of the quality of system master data. Our solutions, which have been developed through networking with the world’s leading players in the industry, help our clients run their businesses more efficiently and improve their profitability. Solteq celebrates its 30th Anniversary this year. More information at www.solteq.com
