VR-Yhtymä Oyj / VR-Group Plc (hereinafter also "VR" or "contracting entity") is starting a public tendering process to procure, implement and support modern cloud-based financial and management accounting solution. The solution will replace two separate SAP ECC systems currently in use in Finland and Sweden.

The procured solution contains capabilities for at least, but not limited to, following areas:

- general ledger accounting

- accounts payable

- accounts receivable

- service fee/manual invoicing

- fixed asset accounting incl. right-of-use assets

- month/year-end closing

- financial reporting and reporting to authorities

- calculation capabilities for tax reporting covering Finland and Sweden

- cost and profit accounting

- integration capabilities from/to 3rd party systems

- capability to provide data to data platform and/or 3rd party analytics tools

Furthermore, the system needs to be able to create invoices with or without sales order based on data from external sales systems and send invoicing data forward in electronical format.

Finance and operational planning, consolidation and group reporting is done in separate system. Treasury operations, e.g. hedging, liquidity forecasting and loan management is done in a separate system. Procurement and supplier invoice management is done in a separate system. Finance solution to be procured must be integrated with other finance systems.

The solution needs to cover operations in Finland, Sweden and Latvia and be easily extended to other countries, if necessary.

VR is looking for a single product or products from the same product family as well as supplier who will implement the solution and provide solution for continuous support. The scope of the procurement will cover all these aspects.

VR Group Plc has three main business units, which are VR Transpoint (Logistics), VR Long-distance traffic and VR City traffic. In addition, there is also a maintenance company (VR FleetCare). VR Group consists of around 15 legal entities in Finland, Sweden and Latvia and has over 9100 employees. This procurement is made for all legal entities under VR Group, i.e. VR-Group Plc and all its group companies. In Finland there are at the moment 12 relevant legal entities, in Sweden VR Sverige and VR Snabbtåg, and in Latvia VR Services Latvia SIA. In case new VR Group entities would be established, the procured solution must be possible to take into use in also such entities.

The aim is that the procurement process would end in Q3/2025, when the implementation would start. We are planning a phased go live and the goal is to have the first legal entities with fully implemented system in place in H2/2026 with rollouts following. The schedule of the procurement may however change during the procurement procedure. VR is looking for partner, which has capacity to implement the system in the given target schedule and has expertise in similar implementation programs.

Functional and non-functional requirements as well as system and integration architecture requirements will be provided later during the procurement procedure.