NextUp Solutions, one of the largest business software solutions companies, recorded a 50% increase in turnover in 2022 compared to the previous year, above the company’s estimates, in the first year after a rebranding process.
The increase in demand for ERP and payroll software solutions, the launch of new solutions including SAF-T, e-Invoice, RO e-Transport and automation of repetitive business processes, the attraction of new customers and the spectacular growth for customizable software solutions are the main factors that boosted the growth of the NextUp Solutions business.
“2022 was a landmark year for our business, coming, after massive investments in new software and functionality, with a new strategy and a rebranding process that gave new directions to the company, which led to growth above our estimates. It was an effervescent year, with numerous projects and an impressed interest in our solutions, especially regarding the SAF-T reporting solution, mandatory for companies in Romania, but also for ERP systems or payroll software. We have allocated major resources, especially financial, but also human and technological, to develop new software solutions to automate the business operations of clients”, points out Roxana Epure, Managing Partner of NextUp Solutions.
Thus, in 2022, the biggest increase in demand was recorded by the ERP solution, an increase of 50%, followed by functionalities related to SAF-T, payroll software and custom developments. Compared to 2021, last year the SAF-T and e-Invoice reporting solutions had a considerable effect on the increase in turnover, NextUp Solutions being among the few software companies that develop this type of solution for automating reports to ANAF.
The company also saw a 10% increase in the number of customers, to a total of over 5,500 clients. The most customers come from the retail, ecommerce, manufacturing and service industries, and the most new customers in 2021 are from manufacturing and distribution.
At the same time, NextUp Solutions has invested over 500,0000 euros in the development of new technologies, in marketing and in the consolidation and expansion of the team. Most of the investment has been dedicated to the development of software solutions, especially automations that reduce execution time by up to 50%-80%, depending on the type of operation, and eliminate human errors in day-to-day work.
Thus, also in 2022, NextUp Solutions registered a significant advance on the artificial intelligence market, integrating automation solutions into its software, which automate business operations, repetitive manual tasks being performed in minutes instead of hours, and employees being freed up for more creative and professionally valuable activities both for their careers and for the company they work for.
For 2023, NextUp Solutions plans new investments in technologies and the development of web-based software solutions, but also in integrations with external technologies that will free entrepreneurs from bureaucracy and unnecessary consumption of resources and money, estimating a 40% increase in turnover.
