BITSoftware supports Romanian companies in accessing external financing for digitalization and automation

Date: 11-06-2020
Author: Alina Răfoi

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Although in Romania the IT sector is in a continuous expansion, our country is one of the last places in the European Union in terms of digitalization. We have been talking about digital transformation for several years now and it is more than clear that digitalization and automation are at the top of the development strategies of organizations globally. The next few years will be critical from this point of view, and the organizations will have to adapt, otherwise they will not be able to resist the market.

 

In recent months, many companies have found themselves reinventing themselves to provide employees with the tools they need to work remotely, safely, and have had to rethink, digitalize and automate processes.

What is the level of digitalization of companies in Romania?

 

According to a study conducted in 2018 with the support of doingbusiness.ro, 63% of the responding companies said that they have not yet capitalized on digitalization to obtain a competitive advantage. In terms of areas of activity, the most strongly influenced by digitalization are:

  • IT - 80%
  • media and advertising - 80%
  • financial-banking services - 75%

The industries with the lowest degree of digitalization in Romania are construction / real estate, food / agriculture and transport.

 

What are the benefits of digitalization?

 

According to the same study, respondents say that the benefits of digitization for the companies they belong to are:

  • cost reduction (46%)
  • process simplification (46%)
  • increased operational efficiency (35%)
  • Increase of the profit margin by a percentage between 1 and 20% in the next 3 years after the adoption of the digitization strategy

 

Have you decided to start the digitalization process?

 

Companies that want to make their costs more efficient and increase their performance have several options: either they use their money from their own budget, or they turn to external sources. And because digitalisation is a global goal, there are many funding programs (European non-reimbursable funds, EBRD, government programs) that I can turn to, depending on the industry you belong to. In the case of European funds, there are numerous axes dedicated to non-reimbursable financing for the development and acquisition of software applications.

 

How do we support you?

 

The BITSoftware team has extensive experience in implementing software systems purchased through European funds and the European Bank for Reconstruction and Development. How do we help you?

 

First of all, we offer you advice in choosing the business solutions that your business needs and the drawing of the specifications from the point of view of the business message. Then we can recommend consulting companies with which we have collaborated in the past, and which can help you with the preparation of the financing file and with the drafting of the project, depending on the financing program that suits you.

 

For over 26 years, BITSoftware has been the expert in ERP, CRM, BI and WMS solutions, with implementations and success stories in over 300 companies from Romania and abroad. Developed to fit certain industries, our solutions include specific functionalities for distribution, professional services, construction, agriculture, wine, retail or logistics.

 

Contact us now to discuss the external sources of funding available and to take all the necessary steps to access them together. Don't miss the opportunity to grow your business in new directions!

 

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