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Anne-Mari Nieminen Fiskars Treasury 360 Helsinki

“In cash systems there is no fit-all”

At Treasury 360 Helsinki, Anne-Mari Nieminen presented the approach by premium consumer brand group Fiskars in seeking out a new cash management system.

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“What if, in seven years, we decide to leave the solution?”

Getting all aspects and scenarios on the table was a purpose, as Fiskars produced a structured pre-study of the available paths for

After careful evaluation of the alternative architechtures, Fiskars decided to go for a standalone software-as-a-service solution for its cash and payment handling – as different from solutions with various degrees of tighter ERP-integration.

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“From our perspecives we had an ambition to connect many different solutions, not only the ERP. It also related to the IT management – when there was no decisive difference in the functionality. We were not looking to run our own bank within Fiskars,” says Anne-Mari Nieminen.

That said, she is in no way sneering at the alternative solutions.

“There is no fit-all,” she says, emphasising that it is all dependent on circumstances.

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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