Why Open a Finnish Business Account Through Your Accounting Partner
Entering the Finnish market or setting up a legal entity in Finland comes with unique administrative requirements. When you manage your banking and accounting through the same partner, you gain a single point of contact who understands both Finnish regulations and your business needs. This reduces administrative complexity, saves costs, and lets you focus on growing your business in the Finnish market.
Streamlined Account Opening with Existing Documentation
One significant advantage for international companies is the simplified account opening process. When you've already completed the required documentation with your accounting firm—such as company identification and verification procedures—you won't need to duplicate this work when opening a business account through the same partner. This eliminates redundant paperwork and saves valuable time, which is particularly beneficial for international companies managing documentation requirements across multiple jurisdictions.
Real-Time Financial Visibility
When your business account connects directly to your accounting system, your bookkeeping updates automatically. Cash flow analyses, budget tracking, and financial reports are always current and compliant with Finnish requirements. This clear view of your payment traffic helps you make informed decisions quickly—essential when operating in a new market.
Automation Reduces Administrative Burden
A direct connection between your bank account and accounting system minimizes manual work and reduces the risk of errors:
- Transactions transfer automatically to bookkeeping according to Finnish standards
- Month-end reconciliations are faster and more accurate
- Invoices and salaries are paid directly through the system
- Automated payments help you meet Finland's strict payment deadlines
- Ready-made integrations make both initial setup and daily management straightforward, even if you're managing operations remotely.
Full Compliance with Finnish Regulations
Your accounting partner ensures that your payment traffic and bookkeeping meet all Finnish statutory requirements—from VAT declarations to mandatory reporting. This is particularly valuable for international companies navigating Finland's tax system for the first time. You can trust that everything is handled correctly and on schedule.
Prepare for Disruptions with Multiple Accounts
Diversifying your payment traffic across two accounts reduces operational risks from technical disruptions, cyber threats, and payment delays. For companies managing both domestic Finnish payments and international transactions, having separate accounts also simplifies bookkeeping and currency management.
A second account provides:
- Backup capability during service disruptions
- Separation of domestic and international payment flows
- Clearer financial tracking and reduced errors
Business Account and Accounting Services—Integrated Solution
We help international companies open a Finnish business account with Holvi, fully integrated with our accounting systems:
- Effortless setup: We handle the account opening process—no need to visit a Finnish bank branch
- System integration: Payments, bank statements, e-invoicing and receipt management integrate directly with our systems (MS Business Central, Netvisor, Nomentia)
- Real-time cash flow: SEPA Instant payments and up-to-date financial overview
- Secure operations: Multi-factor authentication, payee verification, and transaction monitoring
- International capabilities: Multi-currency transfers and SEPA payments from one account
- Expense management: 20 virtual and 5 physical cards with automatic integration to Azets Expense system.
Ready to simplify your Finnish business banking? Contact us to learn how we can help you get started.