Gold across the board – The Managing Director’s annual review for 2010

Mepco Oy's turnover experienced strong growth in 2010 following the economic downturn. Our turnover increased by 26 percent to €8.0 million. Our operating profit rose to 10.8 percent of turnover. At the end of the financial year, the company had no long-term loans. Our employee headcount increased in line with our turnover, reaching nearly a hundred by the end of the year. We expanded our offices in Tampere, Helsinki and Turku and opened a new service point in Vaasa.

Our client base also grew, and we delivered more solutions than last year. The rate of growth we achieved in all of our operating divisions was aided by our becoming a part of the Pretax Group, which particularly increased our business in financial management and enterprise resource planning. Following the reorganisation, Pretax owns around half of the company's share capital.

Thanks to the favourable development in our customer relationship management, we are strengthening our position as Finland's market leader among Microsoft Dynamics CRM suppliers. Microsoft recognised us for the third time - uniquely among companies in Finland - as one of the outstanding businesses in its international Microsoft Dynamics Inner Circle group. Only 67 companies in the entire world were selected for inclusion in this prestigious group in 2010.

Our HR Management business continued its steady growth and improved its profitability. We supplied over two hundred deliveries of Finland's leading payroll and HRM system, Mepco HRM. With the services of our partner organisations, salaries at nearly a thousand companies are paid using this system.

Our strongest growth was in our enterprise resource planning business, where turnover in-creased by more than 60 percent. We staked our claim in this new area by signing an agreement with KuntaPro Oy to supply a Microsoft Dynamics AX financial management solution to the Taloustuki Kuntapalvelut Oy and Seutukeskus Häme Oy service centres. This solution was com-pleted on schedule in the pilot phase.

In 2010, Microsoft relaunched its classification system for its partners, while also significantly reducing the number of companies in its highest circle of partners. We were awarded the highest Microsoft Gold Standard for all three of our business divisions.

I expect our growth to continue steadily in 2011. We will strive to achieve new successes with our gold medals around our necks and our confidence levels high. The most important measure of our success is still our satisfied customers.

Markku Pekkola
Managing Director, Mepco Oy
Tel. +358 (0)400 233 150, send e-mail

Mepco Oy delivers solutions for customer relationship management, finance management, enterprise resource planning, and human resource management for the public and private sectors. The company has attained Microsoft Gold Competencies in all three of its business divisions. Mepco has also been named as one of the world's top Microsoft Dynamics suppliers on three occasions. Mepco employs around a hundred people in Helsinki, Tampere, Turku and Vaasa. Mepco is part of the Pretax Group, which is the largest provider of financial administration and payroll processing services in Northern Europe. In the international market, this group operates under the name Accountor Group. Additional information available from www.mepco.fi.

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