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Solution Dynamics Wins New TransTasman Business


Solution Dynamics Wins New TransTasman Business

Customer mail and document management company, Solution Dynamics, has signed a five year licence agreement with Australia Post subsidiary, PrintSoft, for a state of the art desk top mail solution.

“The trans Tasman deal which will see us process printing and lodgement services for new clients is an important step for us in building on the progress in 2006 and achieving our aim of meeting higher profit targets in the 2006-07 financial year,” said CEO Nelson Siva. “Our investment in leading edge technology and software is a key part of our development strategy. It will enhance our competitiveness and appeal by enabling us to provide existing and new customers with a total package of business communications solutions and services. This new mail product offers customers the opportunity to reduce costs and streamline their customer communications in a way that has not been previously possible.”

The Albany-based company, with annual turnover of almost $10 million, has seen a substantial improvement in results for the 12 months ending June 2006. EBITDA rose 130 per cent over the prior year, term debt reduced by 38 per cent, $1 million in overhead savings were delivered and operating cash flows lifted by $1 million.

“We’re now pushing for growth and are rolling out a planned and manageable strategy that we hope will see us become the most profitable and competitive player in the document lifecycle management business.”

Mr Siva said the current focus was on growing market share by going “back to basics” to provide customers with superb service, products and relationship management, supported by improved internal business processes and efficiencies, upskilling of core resources and investment in new plant and technology.

“We are in good shape to move forward with a value add offering. We have the people, a superior range of competitive products, including a new Desk Top Mail offering to be launched in New Zealand in early 2007, service, marketing and commercial business capabilities and focused strategy to earn our place as the chosen outsourcing partner for customers from across the public and private sectors,” Mr Siva said.

 “We have a long way to go to meet our aspirations but we’re encouraged by the international opportunities resulting from the introduction of this new technology, along with the prospect of migrating our existing clients to an expanding portfolio of solutions that will help simplify business communications.”

Ends

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