The Central Government of Finland chose OpusCapita’s cash flow forecasting
In early 2009, the Finnish State Treasury will be introducing a new Cash Management system supplied by OpusCapita.
The new system is intended for forecasting the funding required to meet State expenditure and the income collected by it as accurately as possible. The primary responsibility for the State’s cash management function lies with the State Treasury. According to Mika Arola, who was responsible for the procurement of the system, the new forecasting system is user-friendly and technically up to date.
“If required, the new information system also enables the accounting offices to forecast cash flows in foreign currency denominations, which in turn allows the State Treasury to form an understanding of the State’s overall currency risk exposure,” says Arola.
The State Treasury operates under the Ministry of Finance and, among other things, runs the Central Government’s debt and cash management.
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