Apvārsnis changes the brand name and further on will be known as Horizon

26.05.2008

Starting as of today May 26, 2008 as a part of developing a product suitable for the international market the Latvian developed IT solution Apvārsnis has changed its brand name to the resource management system Horizon.

”Changing of the brand is the result of a purposeful product development process. We have consistently developed and extended its functionality to make it suitable not only for business needs in Latvia but to make it competitive also on the international market. Software known as Apvārsnis is already the most widely used resource planning and management tool for medium and large companies, central and local government institutions in Latvia” underlines Chairman of the Board of FMS Group Jānis Bergs. „However, in order to be competitive also outside Latvia it is important the brand name is easily perceived and understandable.”  

 

The functionality of resource planning system Horizon supports a complete management cycle of financial or other resources of a company or organisation including collecting and accounting of financial data, recording and accounting of cash flow and bank transactions, settlement of accounts with suppliers and clients, advance payments, contract accounting. This tool can be used for the management of financial, human resources, goods and services as well as different business processes. Horizon can be easily integrated and adjusted to specific business requirements, it is suitable for multilingual needs of international companies (the solution is available in Latvian, English, Lithuanian and Estonian).

 

Horizon is suitable for different sectors among those being commerce, manufacturing, real estate management, forestry and timber industries. We have developed Horizon Web – a solution providing access to business data and to business processes management by using a standard internet browser anywhere and at any time.

 

„The brand change completes a certain stage in the product development process at the same time meaning a beginning of qualitatively new developments.  Introducing the option of resource management via the internet for Horizon is only one of the future prospects in the product development” says Jānis Bergs. Continuous use of the latest technologies in the product development and ever growing knowledge and expertise about specific needs of our clients in different areas is our strategy for strengthening our position in the local market and for being attractive and interesting also in other countries” underlines Jānis Bergs. 

 

FMS Software cooperates with more than thirty dealerships and implementation partners that ensure not only implementation of this IT solution but also provide necessary support all over Latvia and Estonia.  To distribute Horizon in Lithuania we have established a joint venture with one of the leading Lithuanian technology companies Blue Bridge. More than 2000 customers and more than 20 000 users in the Baltic countries serve as a proof of success of Horizon solution in the market.

 

SIA FMS Group:

FMS (Financial Management Solutions) Group develops, implements and supports financial and business management systems as well as solutions for business analyses for companies and organisations. The products are – popular resource management IT solution in Latvia Horizon (Apvārsnis); financial management and accounting software for medium and not very large companies UVIS; as well as the partner’s software – analytical solution MicroStrategy; business management system for car dealers and maintenance providers Automaster; IT support system for local governments TEKLA XCity. FMS was established in 2005 as a daughter company of  Microlink Latvia by separating the development of financial management and accounting solutions. However the companies roots can be traced back to 1991 when the first versions of software Apvārsnis were developed. After separating business branches FMS Group Ltd was established in July last year with the following companies incorporated in the Group: FMS Software Ltd, which core business is product development, as well as FMS Ltd, which core business is project management, financial and accounting consulting and implementation of own developed IT solutions as well as those developed by the partners.

 

FMS Group companies have introduced the quality management system according to the requirements of  international standard ISO 9001:2000, among others certified are development of ERP Horizon, business management analytical solutions implementation and project management support areas.

 

There are more than 120 professionals employed in FMS Group – software developers, IT solution advisors and project managers, technical support specialists whose competencies and know-how are continuously improved and developed. The consolidated financial turnover of the Group in financial year of 2006/07 was 3.67 million LVL.

 

Additional information:

Iveta Bojāre

Marketing and PR Manager

SIA FMS GROUP

ph.:   +371 6711 6226

gsm.: + 371 29417278

iveta.bojare@fms.lv

www.fms.lv

www.horizon.lv

www.uvis.lv