Real-Time Economy programme is developing new technical solutions and operating models for use in corporate financial management. The aim of the development work is to enhance the efficiency and automation of financial management processes as well as the competitiveness of Finnish companies.

The project, Fully Integrated Accounting (FIA), focuses in particular on developing electronic financial management processes, taking into account the demands created by archiving, auditing and taxation. One of the project’s objectives is to model a new set of account codes, with the starting point being the vision of integrated financial management for the future.
 
The work being carried out in the FIA project will offer new solutions to meet future challenges. The automation of financial management will make production processes more effective, promote the production of new services with added value and free up experts from routine work for expert tasks. In addition, a common account code will make it possible to develop more efficient links with the authorities.

The joint project involves Tieto, Aditro, the Association of Finnish Accounting Firms, and several SMEs.  Helsinki School of Economics is responsible for the research part of the project. The FIA project will end in June 2010. FIA is partly funded by the Finnish Funding Agency for Technology and Innovation (TEKES).

For further information, please contact:
Jyrki Poteri, Director, +358 40 570 7870, jyrki.poteri@tieto.com
Mikael Fagerholm, Director, Aditro Financials Oy, +358 40 562 1848, mikael.fagerholm@aditro.com

See also:
HSE Real-Time Economy Competence Center