ProCountor to join Pretax Group
Both parties to gain major strategic benefits
ProCountor is joining Pretax, Northern Europe's largest financial management and payroll processing services company. ProCountor is a supplier of fully internet-based financial management and payroll processing information system services. It provides such services for nearly two thousand businesses. The company's key personnel will continue to be shareholders.
Under its international marketing name, Accountor Group, Pretax offers comprehensive financial management services, including accounting, purchase- and sales invoice handling, and payroll and travel expense claims processing. In addition, it provides documentation and supervision for companies of all sizes in eight countries: Finland, Sweden, Norway, Denmark, the Netherlands, Germany, Russia and Ukraine under its own auspices, and in the UK and the Baltic countries through its partners.
In 2010, it is estimated that ProCountor will generate net sales of approximately EUR 1.5 million and achieve an operating profit of EUR 300,000. At its location in Espoo, Finland, ProCountor employs 16 staff.
ProCountor will become part of Accountor Group's Application Services, which also include Mepco – a new member of the Group since January – and the TyövuoroVelho and Mara-Plan units. Like ProCountor, the workshift planning application TyövuoroVelho is an SaaS (Software as a Service) solution, while Mepco and Mara-Plan are system supply-based. It is estimated that, in 2011, these units' aggregate net sales will exceed EUR 12 million. The units' information systems cover fully internet-based financial management and enterprise resource planning systems, using Microsoft AX platform, CRM software, payroll and HR management and workshift planning solutions.
”Our own outsourcing business is just one, albeit large, customer of our own information system units. We believe that we can fundamentally consolidate the competitiveness of our information systems in a manner that benefits all of our information system customers – including other customers supplying outsourcing services. In turn, the SaaS business represents an exciting global trend not to be neglected," states Asko Schrey, CEO of Accountor Group.
”We have gained a new customer and additional resources for our participation in the developing SaaS business. More than a hundred accounting firms have already secured their future capability of engaging in ProCountor collaboration with their customers. We now want to boost our development of such collaboration. Thanks to Pretax, we have already built an extensive international network and developed a thoroughgoing vision of the industry's development, including outside Finnish borders," says Raimo Vaalasranta, CEO of ProCountor and a developer of the company for almost a decade.
Further information:
Asko Schrey, CEO of Pretax Group
Tel. +358 (0)40 5001655
Email:asko.schrey@pretax.net
Raimo Vaalasranta, CEO of ProCountor
Tel. +358 (0)40 7675440
Email: raimo.vaalasranta@procountor.com
Pretax Group is the largest financial management and payroll processing services company in Northern Europe, celebrating its 66th anniversary this fall. As a pioneer in the electronization of financial management, our goal is to give clients the freedom to succeed by providing information for decision-making, on the basis of highly effective services. Some 15,000 businesses and organizations have outsourced part or all of their financial management functions to us. Operating in the Nordic countries, the Netherlands, the Baltic countries, Russia and Ukraine, we employ 1,400 professionals, 850 of them working in various locations in Finland. In international business operations, Pretax uses the marketing name Accountor Group.
ProCountor International Oy develops and provides Software as a Service solutions for financial management, enterprise resource planning as well as payroll and HR management. ProCountor's solutions are a delight to customers due to their ease of use. They include well-designed options for dividing tasks between a company and its outsourcing partner.