OpusCapita, a leading cash management solution provider announces today that Statkraft has chosen OpusCapita as a partner to create their in-house bank to enable its treasury function to support Statkrafts strategic growth ambitions.
In addition to using OpusCapita’s in-house bank solution, Statkraft will also implement a Payment Factory in over 20 countries (such as Albania, Turkey and later on Brazil) as well as solutions for cash visibility and forecasting.
Traditionally, operations at Statkraft were concentrated in the Nordics, Germany and the UK and the needs for consolidated cash positions were covered by an external bank solution with only a few secure host-to-host connections. In recent years, Statkraft has embarked on a growth mission which requires that the system changes to support more diverse functional and technical requirements.
“Statkraft presented high cash management expertise during the process, and we warmly welcome them as our latest customer and look forward to an exciting project. This agreement strengthens our leading position in the Nordics, and demonstrates there is a growing trend in the treasury & finance market favoring best-of-breed strategy over choosing monolithic solutions” says Jukka Sallinen, Head of Cash Management, OpusCapita.
Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 3600 employees in 16 countries.
OpusCapita enables organizations to sell, buy and pay quickly and securely, with a real-time view of their business. Over 3,000 customers in over 100 countries use our source-to-pay, cash management and product information management solutions to connect, transact and grow. OpusCapita processes over 220 million electronic transactions annually on its Business Network, which includes almost 1 million organizations and over 11,000 financial institutions worldwide. More information at opuscapita.com