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From manual struggle to seamless reporting: How the Association of Finnish Cities and Municipalities and Municipality Foundation transformed their investment process

Faced with fragmented processes and rising demands for transparency, the municipality union and foundation needed to rethink how they handled investment reporting. What had once been routine had become inefficient and the need for a streamlined, reliable solution was clear.

The challenge

Investment reporting was a crucial but time-consuming task for the municipality union and foundation. While summary reports were produced by an external partner, the process required significant internal effort to gather and deliver the necessary input. This setup led to inefficiencies, inconsistencies and a lack of transparency. Ensuring a clear, cost-effective reporting structure made it evident that a new approach was needed.

“In the past, compiling reports was a cumbersome process. Each fund manager had their own way of doing things, making it difficult to ensure consistency and accuracy,” says Timo Mykkänen, Municipality Foundation Representative

Why Jay?

Seeking a streamlined solution, the municipality association and foundation required a provider that could enhance efficiency while keeping costs in check. When Jani Laitinen the founder of Jay Solutions introduced their way of working, it became clear that having a neutral party compile reports would ensure accuracy, consistency, and transparency. Additionally, Jay Solutions’ ability to treat two separate organizations as a single customer simplified the decision-making process.

“We needed a provider who could manage our reporting as one entity while respecting our distinct needs. Jay Solutions understood our unique needs and provided the flexibility and expertise to streamline our reporting” says Timo Mykkänen

The solution

Jay Solutions introduced an automated and structured reporting process, eliminating inefficiencies and ensuring reports were delivered consistently and on time. Their deep expertise in investment data provided clear insights, reducing uncertainties and improving decision-making.

A key benefit was the accessibility of reports via their online platform, allowing real-time investment monitoring. The graphical elements enhanced usability, eliminating the need for manual screenshots and simplifying report integration. Interactive features, such as investment mapping, further streamlined the experience.

“The online platform has been a game-changer. We can access reports anytime, see real-time updates, and visualize our investments with ease.” says Elina Liippola, CFO of the Association of Finnish Cities and Municipalities

The outcome

Implementing Jay Solutions resulted in significant improvements in efficiency, reliability and usability. Reports have become easier to read and analyze, saving time and reducing errors. The reliability of the service ensured accurate data, with automatic notifications for any discrepancies.

Customer support also played a crucial role, with fast responses and expert guidance ensuring a seamless experience. Jay Solutions' commitment to continuous development, incorporating customer feedback, further strengthened the collaboration.

“If we ever have a question, we get an answer immediately. The expertise and responsiveness of Jay Solutions have made all the difference.” says Elina Liippola

When asked if they’d recommend Jay Solutions, their respons was clear:

"Jay Solutions has made our reporting process faster, easier, and more reliable. Their expertise and support have been invaluable, and we would absolutely recommend them to any organization looking to improve their investment reporting.”

About The Association of Finnish Cities and Municipalities and Municipality Foundation

The Association of Finnish Municipalities is the central organization representing all Finnish municipalities. It supports local self-government, advocates for municipalities at national and EU levels, and provides expert guidance on governance, law, finance, and public services.

Closely linked to this mission is The Foundation for Municipal Development established to promote research, innovation, and long-term development in local government. The foundation funds forward-looking projects and helps shape the future of municipalities through knowledge and experimentation.

Together they form a powerful partnership - blending advocacy and innovation to strengthen municipal services, democracy, and sustainable local development across Finland.

For more information visit: www.localfinland.fi & www.kuntasaatio.fi

Assets covered

Liquid and illiquid

Portfolio size

A joint total of approximately EUR 270 million

Number of users

4

Geography

Finland

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