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Business Logic company has increased its financial performance by 30%

14.04.2014

Business Logic company has increased its financial performance by 30%
Business Logic company (I.T. Group) sums up the results of work for the 2013 financial year (April-March 2014). 

  • Business growth in the 2013 financial year was 30%. Forecast for business growth for 2014 is 30%.
  • Business reorganization has been realized: The ECM and BPM areas have been divided into separate companies.
  • Based on the IDC Russia research findings, Business Logic has joined the ranks of the ECM solutions major suppliers in Russia.
  • Large-scale projects on data electronic warehouses creation at Rosneft-Uchet Ltd. and JSC Transneft have been completed. 88 ECM projects were realized in one year.
  • Following the results of work in 2013, Business Logic company has joined the TOP 100 IBM best partners in Russia.
  • A "road map" for the "ECM logic" product line development until the end of 2015 has been approved.

Financial performance

Following the results of the current financial year, which ended on April 1 for Business Logic, the company's business growth is 30%, which is much higher than the general market dynamic. The business turnover was 760 million rubles. Business structure: 50% — services, 20% — platform licenses from suppliers, 20% — proper products licenses and 10% — equipment, required for projects. B2B sales have increased by 65%.

Reorganization

Last year, in May, the Board of I.T. Group decided to develop ECM and BPM directions of Business Logic 2.0 as separate companies. This allowed increasing the efficiency and rates of development of each area. Viktor Vaynshtein was appointed head of Business Logic ECM company, who had headed Aplana Software company in recent years. The head of Logic BPM is Maria Kamennova.

IDC Russia research findings

Based on the IDC Russia research findings "Software for content management organization in Russia 2013", Business Logic has joined the ranks of Russian market leaders. 

According to IDC, all Business Logic solutions fit the "box version", which means that implementation of such solutions does not require time and financial expense for additional functionality development. This allows large-scale implementations and appears to be the company's main competitive advantage.

According to IDC Russia research findings, in 2012, the size of Russian content management software market increased $142 million at suppliers' values. The IDC forecast for this market for 2013, despite of the deterioration of the economic environment, is 12% growth.

Key projects 

In 2013, Business logic company realized 88 scale projects for various ECM solutions implementation - from introduction of "classic" EDMS's to specialized data electronic warehouse creation for major telecom, energy, oil and gas companies, and financial and state institutions.

At Rosneft-Uchet, operation with primary financial documentation was optimized. As a result of the project, labor on filling in documents has drastically decreased. Now, adopted documents are scanned and recognized at input check points, a range of information correctness tests are carried out automatically, and instead of several days, the document is processed in just a minute.

A single financial documents electronic warehouse was created at JSC Transneft, integrated with the account system. This allowed saving employees' time substantially due to minimization of manual operations and automation of documents processing routine work. Preparation of document collections for regulating authorities was also simplified.

These projects are realized using the "Digital data warehouse logic. Financial documents" solution, which is built on ABBYY FlexiCapture and IBM FileNet platforms.

Among the "EDMS logic" solution major implementation projects are the Uralvagonzavod projects, and also replacement of the Documentum system with the "EDMS logic" in MTT.

Strategic partnership with IBM

In accordance with operation results in 2013, Business Logic has joined the TOP 100 IBM best partners in Russia, and along with I.T. Group won the "Best integrator for IBM software solutions" award. Granting of this award is associated with the company's success in the area of IBM FileNet-based platforms solution development and realization a number of large-scale projects for data electronic warehouses creation on this platform.

Product development 

All shaped plans on development of new solution "EDMS logic", "Digital data warehouse logic. Financial documents" and "ECM logic. Business platform" versions were realized. The "road map" for the "ECM logic" product line development has been approved until the end of 2015. 

In the near future, production of the "EDMS logic" first version is planned on the Alfresco free software platform.

"Our product strategy for 'box version' solutions development has proved its value: customers want faster and cheaper implementation for ECM solutions rather than its customization," comments Business Logic Director General Viktor Vaynshtein on the annual results. "Content management processes, which are automated by us, allow companies to reduce costs and increase the efficiency of activities as a whole. Customers know this fact, so we are looking optimistically towards 2014, hoping that our business will continue growing."

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