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New customers and organizational changes

We acquired many significant new customers during 2013. Renewable Energy Corporation ASA (REC), a leading global provider of solar electricity solutions, selected the OpusCapita application to improve cash flow forecasting. The application offers REC a modern process for cash flow forecasting, better control of financing and a more systematic planning process.

In late 2013, Empower and OpusCapita signed an agreement on the business transfer of financial management services to OpusCapita. With the agreement, the provision of Empower’s purchase and sales ledger, accounting and payment traffic services was transferred to OpusCapita. The entire payroll administration team at Empower transferred to the Finance and Accounting Services unit of OpusCapita as existing employees.

At the beginning of 2014, the service was expanded to cover the provision of Empower’s purchase ledger, accounting and payment services in Finland as well as payables, payroll administration and travel expense accounting services in Sweden.

In addition, Amedia Tjenestesenter outsourced its financial management services to OpusCapita in Norway. Ovenia in Finland selected OpusCapita as the provider of their iBilling solution.

In August, we sold our printing business in Poland to PostNord. As part of the transaction, 50 employees transferred from OpusCapita to PostNord Strålfors in Warsaw. Since the beginning of 2013, we have been responsible for the payroll administration of the Itella Group, one of the largest companies in Finland. Itella’s payroll services were transferred to OpusCapita from Silta.