Lempäälä Lämpö Oy is an energy company based in Lempäälä, responsible for the production and distribution of district heat and district cooling as well as gas distribution in the area. The company operates several regional district heating networks with a total of 14 production plants. The total amount of energy supplied to customers (district heating, district cooling and gas) amounts to approximately 100 GWh per year. The company also operates the LEMENE energy system, which produces district heating and electricity through combined heat and power (CHP) and electricity from solar power. The energy system includes industrial-scale batteries that balance the consumption and production of the electricity grid and allow participation in the electricity reserve market.

Lempäälä Lämpö Oy employs 14 people in Finland and its turnover in 2024 was approximately EUR 11.8 million.The company's vision is to be a pioneer of sustainable energy solutions - in the everyday lives of its customers for the benefit of the Lempäälä region. The company aims to operate cost-effectively and reliably, while developing its financial management to meet today's requirements. To support this, Lempäälä Lämpö implemented Finadeck software tools for reporting, budgeting, forecasting and group accounting.

Transparent and up-to-date reporting

Before Finadeck, financial and operational reporting was fragmented and manual. With Finadeck, Lempäälä Heating's management had access to an easy-to-use reporting software, where financial figures and key operational business indicators, such as megawatt-hours of district heating produced, megawatt-hours of gas consumption and megawatt-hours of electricity and district heating sold, are in one view. In Finadeck, these operational business indicators can also be used for budgeting and forecasting.

"Automating reporting streamlined financial management processes and brought more transparency to decision-making." Simo Parviainen, CFO of Lempäälä Lämpö Oy, says.

Strategic choices of Lempäälä Lämpö Oy

Budgeting and forecasting to support decisions

Budgeting and forecast updating was previously manual and Excel-based. With Finadeck, Lempäälä Lämpö introduced modern software for budgeting and forecasting, which allows for quick and easy comparison of different scenarios and forecasts.

The budgeting process was significantly shortened and forecasts are now directly linked to reporting. This allows a quick response if variances are detected and improves the company's ability to plan for the future.

Fixed asset management was also improved by entering existing fixed assets into Finadeck, making all the necessary information on existing fixed assets available to everyone. In addition, Finadeck provides a clear view of the impact of investments on profitability.

Fixed asset budgeting - planning your investments

For Lempäälä Lämpö Oy, investments in networks, production facilities and other fixed assets are a significant part of its operations. Finadeck offers the possibility to budget and monitor these investments in a clearly separated way, but at the same time as part of the overall budget. Fixed asset acquisitions, depreciation and the impact on cash flow and profit can be easily modelled and updated.

In addition, fixed asset accounting can be automated as Finadeck automatically generates depreciation vouchers for fixed assets listed in Finadeck for accounting purposes.

"Finadeck allows us to compare the impact of investments over a period of several years. This supports long-term decision-making and helps us to better manage risks." Toni Laakso, Managing Director of Lempäälä Lämpö Oy, says.

View of the Viialantien production plant of Lempäälä Lämpö Oy

Loan management and financial planning - more predictability and transparency

For an energy operator, the financing structure, existing loans and new financing needs are key planning issues. Finadeck enables Lempäälä Lämpö to model the interest costs, repayment terms and financing structure of existing and potential new loans. This makes forecasts and cash flow calculations realistic and transparent and supports overall financial management.

In addition, Finadeck allows you to evaluate different scenarios, such as changes in interest rates or the timing of investments.

Consolidated accounts before the merger

Until the turn of 2024-2025, Lempäälä Lämpö Oy formed a group together with Lempäälä Energia Oy. Finadeck played a key role in the group's financial management: it served as a flexible and modern group accounting software, which allowed the company to integrate the subsidiary's figures into the whole.

Group accounting was largely automated, which reduced manual work and gave certainty to the accuracy of the figures. Management was able to review the performance of both individual companies and the group as a whole in real time.

Data continuity after the merger

At the beginning of 2025, Lempäälä Energia Oy merged with Lempäälä Lämpö Oy. One of the main objectives was to ensure that the data accumulated over the group's lifetime would remain available. Thanks to Finadeck, this has been achieved: the system still offers the possibility to compare how the group and its accounting objects developed before the merger - and how the figures will develop under one company after the merger.

This continuity of data has been crucial for strategic decision-making, allowing long-term monitoring of developments and helping management to make better-informed decisions.

In the picture from left to right Saku Pöllänen, CEO of Finadeck Oy, Simo Parviainen, CFO of Lempäälä Lämpö Oy, Toni Miettinen, Sales Director of Finadeck Oy and Toni Laakso, CEO of Lempäälä Lämpö Oy.

"The implementation of Finadeck was smooth and the customer service has been excellent"

"The implementation of Finadeck went smoothly and the customer service has been excellent. The solution comprehensively supports Lempäälä Lämpö Oy's reporting, budgeting, forecasting and financial monitoring," says Simo Parviainen, CFO. "We especially appreciate that Finadeck has been able to react quickly to our needs and build the solutions within a reasonable timeframe."

Going forward, we will use Finadeck in an increasingly diverse way - for automated reporting, budget scenarios and forecasts, and managing the overall financial picture.

Summary

With the introduction of Finadeck, Lempäälä Lämpö Oy:

• automated and streamlined reporting
• had access to modern software for budgeting and forecasting
• ensured a clear view of fixed asset management
• introduced powerful group accounting software
• maintained data continuity after the merger with Lempäälä Energia Oy

"Finadeck has provided Lempäälä Heating not only with time savings and reliable information to support decision-making, but also with tools to manage change situations - from changes in group structure to daily reporting." Simo Parviainen, CFO of Lempäälä Lämpö Oy, summarizes.

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