A new business platform that supports Oomi’s growth
“We knew we didn’t just want to improve the capabilities of our financial management software incrementally; we needed to ensure the company’s ability to grow. We wanted scalability, flexibility and adaptability to the needs of our business operations”, Passila says.
The new system needed to be adaptable to situations such as acquisitions and internationalisation. Three practical considerations were emphasised in Oomi’s choice of solution.
First, the company wanted to boost the efficiency of financial management by automating routine tasks. One early target for automation was the circulation of purchase invoices.
Second, the company wanted to improve financial process controls to prevent abuse and mitigate against human error. “Something as simple as approval limits ensures that invoices cannot be approved by people who don’t have the authority to do so”, Passila explains.
The third focus area was ease of use and user friendliness. Passila points out that this area is essential because processes like handling invoices can involve a significant chunk of the organisation.