inova:finance is a standard solution with configurable modules from inova:solutions AG of Ostermundigen, Switzerland, for the public sector and service organisations. It covers operational and financial accounting, accounts payable and receivable, fixed assets, cash management, internal service charging, VAT, financial reporting and electronic approval of expenditure. An electronic creditor workflow avoids entering invoices more than once. The package ranges from mid-sized service companies to group solutions for public administrations.
inova:solutions AG is headquartered in Ostermundigen, Switzerland; no foreign parent company is named. The website does not say how inova:finance is delivered or where the data is stored, so Switzerland is assumed as the hosting region here. Ask the vendor about deployment options, data location and sub-processors. Switzerland is not an EU member but is an EFTA country with an EU adequacy decision for personal data. For European public bodies and service companies this is a Swiss alternative to US finance software, provided the hosting stays in Europe.