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Johan Haataja Relex Treasury 360 Helsinki

Growing fast? Think globally

With a growth of 50 percent per year – reaching €66 million in sales this year – Finnish supply-chain software vendor Relex had better get its finance stuff right. On stage at Treasury 360 Helsinki on Tuesday, group CFO Johan Haataja shared his experiences of working to develop the finance function of a global fast growth company.

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”I cannot imagine how we would have done it if we had not had a global function and global teams,” he said.

Starting from a map of the needed capabilities, the gaps between reality and the desired state were identified. On the outset, the employees provided for one green light, thanks to being highly motivated – otherwise the map was generally blinking yellow and red at the time, but has improved since.

Johan Haataja’s top-three advice:
1. Having a global finance function.
2. Investing into a single ERP.
3. “Overivensting” in financial planning and analysis.

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Being able to produce stakeholders with “a single version of the truth”, and standing for full transparency at all times, are considered key capabilities.

The agenda for Treasury 360 Helsinki, at Pörssitalo on 3 December can be found here, and our editorial coverage will be gathered here.

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