Improving the Production Capacity of "AS Systems" OOD

The project proposal is aimed at receiving financial grant aid by AS Systems OOD (leading software developper and information services provider in Bulgaria) for investments in tangible and intangible fixed assets (delivery, assembly, installation, testing and commissioning of equipment and software) related to the capacity expansion of existing business site. The project aims at achieving the following two main objectives - Increase production capacity and Enhancement of export potential of the candidate. Target groups: The project is implemented in one business site - in Montana (Northwestern Region), and besides, the project includes activities for introduction of new technologies for improvement of the resources effectiveness and efficiency in the production process. The project proposal includes activities for improvement of production processes, activites for adding new features or for improvement of existing products or services and activities for introduction of new technologies for improvement of the resources effectiveness and efficiency in the production process. The expected results of the project are: improving existing web-based and cloud software services; increase in production capacity for web-based and cloud software services by 219% for the enterprise as a whole and in the business site in Montana; increase in the sales revenue of the company by around 20% in the medium term; starting export and achieving 8% share of exports in total revenue, as for web-based and cloud software services - 13,63%; in the medium term to achieve an internal rate of return of the project -17,51%; increase productivity by 15,06%; increase in the average revenue generated by exports by 25,55% and increase the efficiency of production costs by 16,24%.

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