Case Study: Fingrid improves procurement efficiency with Cloudia

Electronic procurement has improved the efficiency of operations and the quality of procurement at Fingrid

Fingrid Oyj, the Finnish transmission system operator, faced the challenge of managing increasing procurement demands and multi-million euro investments efficiently while ensuring the security and smoothness of its procurement-to-pay process. To bring order and productivity to its financial data, the company partnered with vendor Cloudia and implemented its comprehensive SaaS sourcing and procurement management solutions.

Cloudia's solutions automated procurement routines and streamlined competitive tendering for Fingrid. This freed up valuable time for project managers, improving both operational efficiency and employee well-being. The measurable results include the successful management of over one hundred acquisitions, some worth tens of millions of euros, without interruption to the tendering schedule for major projects like the Metsälinja transmission line. Cloudia provided a reliable partnership that directly supported Fingrid's significant annual investments, which exceed 100 million euros.

Fingrid Oyj

Matti Tähtinen

Business Development Manager