AI is one of the most modern tools in making financial processes more efficient. It is often talked about in the context of robotic process automation (RPA), but these are, in practice, two separate technologies. However, both can be utilized in automating processes either together or separately. AI and RPA – two separate technologies [...]
Financial management is expected to deliver accurate information at the right time. The reporting of an international group is laden with challenges when trying to acquire figures from several subsidiaries across the world. Slow and varying reporting is, in fact, a nightmare for most growth companies. Some CFOs would like to see timely comparable [...]
When a company grows internationally, it needs to develop a solution for international accounting. This should be an effective solution based on a combination of one or more business platforms, along with in-house and external staff who carry out the work. The best solution is often an international accounting partner along with an international [...]
Staria’s third quarter was strong taking revenue for January-September to 13.4 million euros (9.4 million euros) with 43 % organic annual growth.
Digital accounting is a concept that is becoming more and more common. It means digitizing and automating the accounting process, making it possible to have a real time visibility to the company's finances. In addition to simply removing papers, you need to ensure that you have optimum integrated tools and automate your processes with [...]
For a long time, companies have looked to make their accounting more efficient. Technological development within business systems, AI (Artificial Intelligence) and RPA (Robotic Process Automation) are creating completely new opportunities for more automated accounting. Automated accounting is a question of saving time, but also of increasing quality. It should also lead to critical [...]
Staria’s revenue in January-June grew organically by 43 % compared with the same period in 2018 reaching 8,9 million euros (6,2 million euros).
Staria Oyj’s revenue for the first quarter was up 35% compared to the same time period in 2018. This organic growth led to revenues of 4.2 million euros for the quarter. EBIT grew even faster and was at 0.4 million euros. The increased automation enables the profitability to improve faster than revenue. The company [...]
In the midst of their growth spurt, internationally expanding businesses often end up using several locally operating accounting firms for organizing their financial management. This approach that at first glance seems quick and easy has its downsides, however: communication problems, differently paced processes and reporting that is slow and of varying quality often makes [...]