Admicom is a provider of cloud-based ERP solutions for construction, building services engineering and manufacturing companies and a comprehensive partner in software and accounting services. We are the market leader in our core target group; building services engineering.
Founded in 2004, Admicom is a 100 % Finnish software company. We are a profitably and rapidly growing company, largely owned by our staff. We have more than 120 professionals working in four locations around Finland. In February 2018 Admicom Oyj was listed on the First North Finland market maintained by Nasdaq Helsinki Ltd.
Admicom offers a cloud-based enterprise resource planning (ERP) solution called Adminet for the target industries. Adminet streamlines operations and increases competitiveness for small and medium-size enterprises by automating routine office work.
In addition to the ERP solution, we offer paper-free accounting services and customer service throughout the customer journey.
SaaS Business Model
Key drivers of growth and development in the ERP markets are the digitalization of financial administration and the transition from laborious ERP implementation projects to faster and more agile solutions.
Cloud-based softwares replace older licensing softwares at a growing pace. For customers, SaaS (Software as a Service) offers flexibility, a small initial investment, real-time information and an ability to work anytime, anywhere. This brings significant cost savings, especially for small and medium-sized businesses. For software companies, the SaaS business model is attractive because it is based on a growing and constant revenue stream.
Admicom's Profitable Growth
Approximately 87 % of Admicom’s revenue consisted of recurring monthly invoicing in 2018. Admicom has grown profitably by an average of 36 % per year over the past five years. We are aiming to maintain over 30 % annual growth rate for 2019–2020.
Reasons to invest in Admicom
- Successful business model, EBITDA 42 % in 2018
- Aiming to allocate over 50 % of profits as dividend, without risking growth strategy
- Return on investment 59 % in 2018
- Comprehensive, industry-specific service provider
- Highly automated and constantly evolving ERP system
- Solutions that genuinely help customers, e.g. more than 30 centrally maintained price lists