In today’s fast-changing business environment, efficient financial processes and automation have become essential for companies looking to improve productivity, reduce manual work, and support sustainable growth. By combining Microsoft ERP solutions with a modern invoice and data processing platform, ELVA Baltic and Fitek deliver an integrated solution for more efficient financial process management.

Both ELVA Baltic’s ERP solutions and the Fitek platform significantly reduce manual work in accounting processes, allowing company teams to focus on business growth and strategic objectives instead of routine administrative tasks.

ELVA Baltic provides its customers with globally recognized ERP solutions – Microsoft Dynamics 365 Finance and Microsoft Dynamics 365 Business Central. In addition, ELVA Baltic develops localizations, ERP extensions, and custom solutions tailored to specific business needs.

These solutions help companies manage one of the most complex and critical areas of their business – finance. They provide:

• Financial planning, management, and analysis;
• Real-time and forecast financial reporting;
• Reduced costs and fewer human errors through process automation;
• Predictive analytics and intelligent tools for more effective business management.
  

What Does the Fitek Platform Offer?

If an ERP system is the engine of a company’s financial operations, then the Fitek platform acts as an intelligent layer that automates and streamlines accounting processes before data reaches the ERP system.

The Fitek platform provides:

• A single platform for receiving invoices in any format;
• Automated e-invoice sending and receiving in accordance with local and international standards, synchronized with your accounting system. Fitek supports both local e-invoicing standards and international e-invoice delivery networks, such as Peppol;
• Automatic data capture from documents;
• Invoice routing through the required internal approval workflows;
• Accounting entries supported by FitekAI and predefined automation rules;
• Accurate, validated data exported directly into your ERP system.
  

It is also important to note that the use of e-invoices will become mandatory from 2028. Companies should therefore start preparing early to ensure their ERP and financial processes are ready for the upcoming requirements.

Through the partnership between ELVA Baltic and Fitek, businesses can implement an integrated e-invoicing solution connected with Microsoft ERP systems. However, implementation timelines and costs may vary depending on the version of the ERP solution in use. Assessing your current setup early will help avoid last-minute system changes once the legal requirements become mandatory.

Proven Across Multiple Industries

The joint ELVA Baltic and Fitek solution is already used by companies in advertising, ICT, transportation, wholesale, and many other industries. The integration helps automate accounting processes, reduce manual work, and maintain accurate data flow between systems.

ELVA Baltic and Fitek representatives share their experience of the partnership and the benefits it delivers to customers:

“When recommending Fitek to our customers, I can be confident that they will receive professional support throughout the project, along with a high-quality solution delivered on time. Even before implementation begins, Fitek’s knowledgeable and responsive specialists work together with us to analyze the customer’s requirements and recommend the most suitable solution for their specific needs. As a strategic partner to our customers, this is extremely important to us – ensuring they receive an easy-to-use system backed by reliable support they can trust.”

Kaspars Tesjuls, Lead Consultant for Microsoft Business Solutions, ELVA Baltic

“We continue to see how manual data entry consumes a significant portion of accountants’ daily workload. By combining the Fitek platform’s data capture and artificial intelligence capabilities with the powerful Microsoft ERP foundation delivered by ELVA Baltic, we provide customers with a solution that genuinely transforms the way they work.”

Rūdis Zernevics, Product Manager, Fitek

How Does the Integration Work?

The integration is tailored to the specific requirements of each company. Depending on the ERP solution in use, the appropriate integration with the Fitek platform is configured to ensure seamless operation.

To ensure a smooth implementation, the project typically begins with a joint meeting involving representatives from the customer, ELVA Baltic, and Fitek. During this session, the company’s requirements are discussed in detail, and an implementation plan is agreed upon collaboratively.

Would you like to learn how these integrated solutions can help automate your company’s financial processes and save valuable time? Contact us to explore how ELVA Baltic and Fitek can help your company automate financial processes, reduce manual work, and prepare for future e-invoicing requirements.