Foxa has made Asiakastieto’s Suomen vahvimmat (Strongest in Finland) list for the third time in a row. Only three per cent of Finnish companies make it onto the list.
Asiakastieto has also awarded us an AAA rating, which is the highest credit rating. Foxa has held this rating for more than five consecutive years. Only 0.3 per cent of Finnish companies achieve this.
“These certificates indicate that we’re doing everything right here at Foxa. They let our customers know that collaboration with us is safe and secure,” says Foxa’s financial manager Lauri Sipilä.
“Minimising risk is part of sustainable business, and that’s why we also check our customers’ credit rating before sales.”
It’s easy to check a collaboration partner’s solvency for domestic trade. For international trade, the rules are different; money often moves before goods do.
“Advance payment is also common in Finland if you’re dealing with large projects and orders.”
Lauri emphasises that precision is important at every stage of a project, and paying invoices on time is no exception.
“For us it’s crucial to keep our finances in good order. There are long delivery times from the manufacturer to us, and it therefore takes a long time before we’re able to invoice our customer.
As a result, everyone benefits when our finances are in order.”