Stockmann Accounts Leases and Controls Finances with the FTS Property Solution - FTS
Success Story

Stockmann Accounts Leases and Controls Finances with the FTS Property Solution

Key metrics

2009

start of the project

Summary

In October 2009, Stockmann signed an agreement with the FTS Russia office on the implementation of the FTS Property Solution for deploying a real estate management system.

ABOUT THE IMPLEMENTATION

Stockmann uses the Deltek Maconomy property management system for lease accounting, invoicing, expense and payment accounting, receivables and payables controlling, financial and management reporting for leased and rented premises.

IMPLEMENTATION RESULTS

The company noted the following benefits from the implementation of the FTS solution:

  • reducing property management administration costs;
  • improving the effectiveness of financial control;
  • improving accuracy and efficiency in relations to tenants and property owners.
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ABOUT STOCKMANN

Stockmann is a Finnish retail company and a chain of stores of the same name selling clothes and household goods with headquarters in Helsinki. Stockmann Group’s operating structure is divided into two divisions – Stockmann and Lindex.

The company has been founded in 1862 and has more than 700 stores in 16 countries around the world. Stockmann has been trading in Russia since 1989.

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