The Social Insurance Institution of Finland selects Innofactor as the provider of an administrative case management solution

Innofactor Plc Insider Information March 4, 2020, at 16:25 Finnish time

The Social Insurance Institution of Finland (Kela) has selected Innofactor in a public procurement competition as the provider of an administrative case management solution as SaaS. The procurement includes the case management solution and its delivery, support services, and specialist work ordered separately. The goal is to have the solution provide cost-effectiveness and support effective performing of Kela's core tasks by digitizing case and document management processes. The solution includes case management, document management, contract management, information management, and electronic archiving.

The system to be provided by Innofactor will be based on Innofactor’s Dynasty product family. The system delivery and the related integrations are planned to be implemented during 2020–2021. The contract is valid for 4 years, after which it will be valid until further notice. The total value (excluding VAT) for the term of contract is approximately EUR 1,050,000.

The Social Insurance Institution of Finland (Kela) is an independent social security institution monitored by the Parliament. It provides social security coverage for Finnish residents and many Finns living abroad through the different stages of their lives. Among the social security benefits offered by Kela are family benefits, health insurance, rehabilitation, basic unemployment security, basic social assistance, housing benefits, financial aid for students, disability benefits and basic pensions. Kela’s mission statement: Kela secures the income and promotes the health of the population and supports the capacity of individual citizens to care for themselves.

The decision will be legally valid after the appeal period defined in the Procurement Act has passed.

Espoo, March 4, 2020

INNOFACTOR PLC

Sami Ensio, CEO

Additional information:

Sami Ensio, CEO

Innofactor Plc

Tel. 9

Distribution:

NASDAQ Helsinki

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