Miikka Savolainen is the COO of Snowfox, where he’s responsible for driving operational excellence and aligning strategic initiatives across teams to support growth and scalability. With a deep background in finance automation and a sharp focus on AP innovation, Miikka is passionate about using AI and fintech to streamline operations, reduce friction, and future-proof the finance function.
Artificial intelligence has brought the biggest leap in development for purchase invoice automation in the last decades. The change is so significant that it even seems unbelievable. I still often hear comments from our customers in the negotiation phase that ‘this sounds too good to be true.’ What kind of change does artificial intelligence bring […]
Almost all medium and large organizations have been struggling with a manual purchase invoice process for years. I have met with hundreds of large organizations over the past couple of years and have become familiar with their purchase invoicing processes. The more I have seen different organizations, the more convinced I have become that the […]
The Finnish government shared services center for finance and HR (Palkeet) is a provider of group services in the administrative branch of the Ministry of Finance. Palkeet provides finance and HR services for central government agencies, departments and funds, as well as state-owned businesses and fully state-owned limited companies that provide services for the Finnish […]
As technology has become more advanced and sophisticated, companies have turned their eyes on artificial intelligence (AI) as a way to solve a whole range of issues for them. New AI applications are being developed to automate a wider range of tasks, from customer service to fraud detection. One place where AI can have a […]
Every time we meet with financial administrators about automating their processes, they all have had one goal: to automate routine manual tasks. These tasks are usually posting and routing of invoices and manual purchase order matching. Clearly finance managers have understood that making experts do repetitive routine tasks is not sustainable. It is mind-numbing and […]
The world is changing at a rapid speed, and new innovations in technology are reshaping one industry after another. Yet financial administration has taken only tiny steps to keep up with the times. We need a revolution of thinking, and bigger steps to carry out change. As an industry, ours is largely governed by legislation […]
Increasing automation in financial administration has been a bit of a struggle for companies. Sure, there are parts of processes and tasks that have been possible to automate. But one area for which there have not been great automation solutions is purchase invoice handling. Yet, this is usually where companies have a lot to gain […]
Read any finance automation software service provider’s website or finance thought leadership content and you’ll see the call for transforming financial administration into a strategic partner for business. We also say that and we firmly believe in it. But it is easier said than done. Financial administration is often a unit where there is no […]
You have probably heard the argument that technology will transform financial administration from a manual processor into a strategic partner for business. This will mostly happen through the freed up time finance admins will have after technology will automatically handle the work they have done by hand. There are two sides to the argument. Firstly, […]
Automation in financial administration is nothing new. It has been a topic of interest for a good decade at least. Yet, it still remains often underused, sometimes poorly understood or even occasionally resisted. Why is this and what can companies do to increase automation in their organizations? We reached out to nine experts in financial […]
