Another great year for e-conomic!

e-conomic increases turnover by 25%

The financial results for 2010 show that our turnover reached 7.1 million EUR, up from 5.6 million EUR the year before. Further growth is expected this year, with the Danish market as the driving force, but also with foreign markets picking up speed.

The road to success

Currently, more than 34,000 customers, primarily small and medium businesses, are using e-conomic's online accounting software - a number that increases with 60-70 new customers every day.

Most of our customers are still located in Denmark where a growing interest in cloud-based systems, not least among some of the country's major accountancy firms, has helped drive growth.

e-conomic was born as an online product, and we have expanded this concept to include an almost 100% online service and support platform, featuring more than 1,100 YouTube help videos, thousands of interactive wiki articles and frequent online webinars.

Fixed monthly rate

Another factor contributing to e-conomic's success is our subscription-based model where you pay a fixed monthly rate and in return get access to all basic functionality. This means that you don't have to make a large investment in a desktop accounting system, which will furthermore require setup and maintenance.

With e-conomic, you don't have to make any heavy investments, and all installation, maintenance and backup is handled by us.

What lies ahead?

e-conomic has now been adapted for nine countries, including major European markets like Germany, France, Spain and the UK - and is in fact used in more than 50 countries around the world.

Through an aggressive go-to-market strategy, we're expecting these major markets to ensure further growth. For the immediate future, Denmark, Sweden and Norway continue to lead the way with significant growth increases.