Itella Information

Operating in eleven European territories, Itella, a state-run corporation, is one of the most successful multi-national services supplier in parcel delivery. With the vision of becoming a world-class enterprise in mail delivery, logistics and financial information process services for the year of 2017, Itella maintains the sharp focus on satisfying their patrons. In this essay, a review of Itella Information will be represented in detail.

As has been displayed in the report, Itella experienced several substantial changes in the operation. The defined market statistics, which ranged from management working capital, risk management, trade imbalance to the graying of population, has fortified the advance of Itella’s financial business core. Furthermore, according to the data gathered  throughtout Europe, there would be a possible expansion of electronic invoicing, with the expectation that by 2020, the majority of invoices will be electronic.

In addition, Itella has benefited their patrons with the effective invoicing services. The group officially established an agreement with A-lehdets, which is one of the top-performing publishers in Finland, on the subscription system upgrading, endeavoring to boost the number of magazines sold. The contract aimed at gaining the process efficiency as well as simultaneously founding a consolidation in the customer-focused and elastic solution of Itella.

Another noticeable implemented feature was that Itella gained the partnership successfully with the State Treasury, which was based on a service agreement including the invoice transfer forwarded by the State of Finland. The cooperation not only assisted Itella in enhancing the financial advantage in an enduring period, but also supported the government in maximizing the operational performance, which contributed to the expenditure reduction and the taxpayers’ benefit.

In regards to Itella Bank, the year of 2012 witnessed Itella to start functioning as a deposit and clearing bank. The key factors leading to the adjustment in the business segmentation involved in the development of SEPA, together with the exponential advance of technology and online commerce. Besides, Itella also put into practice several particular banking services for organizations, which would be constantly evolved in the following year.

Ultimately, it can be observed that two considerable transactions were executed in the operation of Itella. Firstly, Itella purchased the payroll services from Silta Oy and applied to Itella Information. Secondly, due to the high diversity and localization of priting business, Itella implemented a management buyout to constitute a new firm named docsellent GmbH in Germany, which dedicated to a spread of Itella’s cross-cultural partnership network.