Tieto to future-proof procurement processes with Cloudia
Finnish growth company selected over international competition to provide new digital procurement system for Tieto
Cloudia has been selected to digitize Tieto’s procurement system. Tieto and Cloudia have entered into a multi-year cooperation agreement, in which Tieto will get access to Cloudia’s entire procurement system tool portfolio, including Cloudia Supplier Management, Cloudia Sourcing, Cloudia Planning and Cloudia Contract. The solution covers the entire global corporate procurement.
Tieto carried out an exceptionally thorough, multi-phase selection process – including customer reference visits – in order to find the right procurement partner. Finally, Cloudia was selected as the winner.
Cloudia Oy has more than doubled it’s turnover in four years from 2,4M€ in 2016 to last year’s total of 5,7M€. Cloudia’s customers include among others KPMG, Biogen, March, VR, Kela, Caruna, Yle, Apotti, and Pöyry.
Cloudia operates in both private and public sectors. Its success story started in 2008, when it provided Joensuu city with a digital procurement system, the first purely-digital procurement system made for the public sector in Europe.
Cloudia is now the market leader in digitizing public sector procurement in Finland. With the help of Cloudia, significant amounts of taxpayers money have been saved. For example, Helsinki city saved over 2 million euros in an individual healthcare sector contract.
“At this point, the value of purchases made with our platform has grown to exceed 20B€ annually. We’ve also successfully expanded our business abroad, so a partnership with an international company like Tieto is a perfect fit for us right now,” said Ilona Ylinampa, Cloudia’s Sales Director.
“Our success is based on being truly customer-centric and the fact that our solution works for businesses of all sizes. We have also strongly emphasised information security. All of our products are information security certified, which is important to our customers.”
Cloudia Oy is a pioneer in developing modern and intelligent procurement solutions and the digitalization of contract management. The company offers solutions that are data security-certified and easy to use for managing suppliers, contracts and procurement processes, and we also offer a digital marketplace for the networking of buyers and sellers, with a monthly procurement volume exceeding EUR 1 billion. Cloudia’s dynamic, cloud-based services help companies respond to the challenges of the information age and to make use of the growing amount of data simply and effectively. Cloudia’s services can be produced using Equinix data centers, on five continents and using over 200 nodes.
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. Headquartered in Finland, Tieto has over 15,000 experts in close to 20 countries.