April 29 (SeeNews) - Romanian digital solutions startup DocProcess opened a commercial office in the French capital Paris where it plans to employ 25 by the end of the year, it said on Wednesday.
The company, which already has a research and development centre in Grenoble, plans to book 1 million euro ($1.1 million) in revenues from French clients by the end of this year, it said in a statement.
Thanks to legislative changes in France that are expected to speed up the digital transformation of companies, DocProcess expects an accelerated growth on the French market in 2020 and beyond.
"France has always been a strategic market for DocProcess, and we believe its significance will grow in the years to come. With the passage of the 2020 Finance Law (Lois de Finances 2020), the French government will require by January 2025 the latest for all the B2B invoices to be issued in electronic format, thus supporting the widespread digitalization of businesses," DocProcess founder and VP of Strategy Liviu Apolozan said.
Paris is the second office opened by the company in France. In May 2018, DocProcess opened a research and development (R&D) centre in Grenoble, which today employs 12 engineers.
By the end of 2020, DocProcess expects to have 75 employees at its offices in Romania - in Bucharest and Brasov - and in France.
Founded in 2005 by Liviu Apolozan, DocProcess has over 3,500 clients, including a rich portfolio of international clients, having worked with French retailers present on the Romanian market such as Carrefour and Cora, as well as companies based all around Europe.
DocProcess develops digital cloud-based solutions that streamline and automate procurement, sales, logistics, financial and accounting processes within business ecosystems of partners.
In 2019, DocProcess received its first round of financing from the Romanian private equity fund Morphosis Capital.
($=0.9208 euro)