Itella and Finland State Treasury sign EUR 8 million deal

Itella Information and the State Treasury signed a contract worth over EUR 8 million.  The contract cover Finland’s central government’s invoice forwarding services for from 1 December 2012 until 30 November 2019.

The new contract will allow the State Treasury to seamlessly continue its transition to electronic invoice forwarding and thus make operational and financial savings. It is believed that Finnish taxpayers will ultimately benefit from this.

About the Finnish State Treasury

The State Treasury:

1. is a multidisciplinary government agency with 550 employees.
2. is responsible for the government’s central bookkeeping.
3. grants military injury, crime damage and accident compensations and administers state guarantees for loans as well as interest subsidies.
4. handles statutory employment pension, accident and indemnity insurances and insurance-related employer services of government agencies
5. supports activities to maintain employees’ ability to work.
6. produces internal corporate services for central government, such as financial, personnel administration and IT services, administers state funds and loans

Comments from Ittela and the State Treasury

• Jari Annala, Vice President, E-Services Business Unit, Itella Information:“We were the central government’s payment transaction operator also during the previous contract period. We are very pleased to be able to continue the automation of the central government’s financial management and development of its electronic invoicing. Itella Information and the Finnish central government have carried out extraordinary work together in this area as global pioneers in electronic invoicing.”

• Mikko Kangaspunta, Financial Director, State Treasury: “Itella Information’s service package was the most affordable based on overall costs. In the comparison of offers we took quality factors, security requirements and price into consideration. The longer contract period will improve our prospects of continuously developing and utilising these services,”

Further information

Itella Information
Jari Annala,
tel. +358 (0)400 338 585
[email protected]

The State Treasury
Mikko Kangaspunta,
tel. +358 (0)9 77 251
[email protected]