Energy, Estonia, Financial Services, Technology

International Internet Magazine. Baltic States news & analytics Thursday, 06.10.2022, 10:01

Eesti Energia cooperating with Fitek on sales invoicing management

BC, Tallinn, 08.10.2020.Print version
Estonian fintech company Fitek, part of Unifiedpost Group, became the partner for sending sales invoices for the state-owned energy group Eesti Energia for the next four years, informs LETA/BNS.

Within the framework of a four-year agreement, Unifiedpost Group, through Fitek, will offer Eesti Energia invoicing services and invoicing management. E-invoices are sent to end-customers via banks and to small and large companies via financial software, as well as via e-mail in PDF format and by post in paper format, according to Fitek.


Andrus Kaarelson, CEO of Fitek, said that the company sends 1.5 million invoices every month, and with the Eesti Energia contract, an additional 500,000 invoices will be added.


"In cooperation with Eesti Energia, as Estonia's largest invoice sender, we aim to accelerate the transition to e-invoicing and reduce the sending of PDF and paper invoices. E-invoicing solutions help automate work to increase the quality of processes and increase efficiency. It is also important to save time and speed up the flow of money," he noted.


Fitek operates in Estonia, Latvia, Lithuania, Slovakia, Serbia and Bosnia and Herzegovina. The company employs 280 people. Fitek is owned by the Belgian financial technology company Unifiedpost.






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