What you Get With Procurement Software Business Plan Package
| 6 Chapter Business Plan Template in MS Word | Free Pitch Deck Template in PPT |
| 5 Year Financial Model Template in MS Excel | Free Financial Dashboard Template in MS Excel |
| Immediate Download After Purchase | MAC &PC Compatible, Unlocked, NO VBA Macro |
| Bank/Investor/Grant Ready Package | No Accounting Or Financial Knowledge Needed |
I.- Executive Summary
Problem
The procurement process can be a complex and tedious affair for many organizations – from identifying necessary products to tracking and automating purchasing orders. Intechor Technologies seeks to launch a comprehensive cloud-based software application suite to simplify procurement processes for businesses. Our product suite will deliver effective tracking and automation of purchasing orders and assistance with contract negotiation, invoice verification, and supplier performance analysis. With our solution, businesses can eliminate the common chaos, confusion and operational risk that can come with manual paperwork and jumbled information.
Additionally, Intechor Technology aims to provide the highest level of customer service with our software application suite. This means providing one-on-one guidance, tutorials and robust customer care to ensure businesses are well supported in their journey to procurement success.
Solution
Intechor Technologies will provide a comprehensive, cloud-based software application suite to simplify procurement processes, helping enterprise businesses effectively track and automate their purchasing orders. Our application suite is comprehensive and will be offered with the highest level of customer service, including one-on-one guidance, tutorials and robust customer support. We will help organizations with contract negotiation, invoice verification and supplier performance analysis. Our goal is to provide a seamless and cost-effective solution tailored to our customers’ specific needs.
Target Market
Intechor Technologies will focus its products and services to medium to large sized enterprise businesses. Intechor Technologies seeks to provide a comprehensive cloud-based system that can simplify and streamline procurement process across a variety of industries. Intechor Technologies will be focused on businesses with established automation systems in place and existing procurement processes that require efficiency and optimization. This customer base includes, but is not limited to, manufacturing, retail, healthcare and distribution businesses.
In order to ensure that these businesses receive the highest level of customer service, Intechor Technologies will provide one-on-one guidance, tutorials and robust customer support tailored to each and every customer. Intechor Technologies is dedicated to providing cost effective and efficient solutions that can increase profitability and success for our customers.
Competition
The procurement software industry is a fiercely competitive market with a broad range of options available to businesses. Intechor Technologies will have to stand out as a unique solutions provider in order to succeed. There are several existing alternative solutions such as purchasing software platforms, ERP systems, and traditional paper-based procurement processes. These solutions all provide a basic platform for automating procurement processes, but may lack certain features that give Intechor an edge. Intechor Technologies will offer a combination of cloud-based software applications, contract negotiation, invoice verification, and supplier performance analysis − all with the highest level of customer service.
Financial Summary
The financial plan of Intechor Technologies covers costs, sales, and profitability in order to ensure positive financial performance in the long run. Key highlights include:
- Start-up costs estimated at $100,000, which will be used to cover software development, marketing expenses, and initial staff salaries.
- Monthly sale projections at $20,000, calculated based on the current customer base and market demand.
- Profitability goals of 10-15% after one year of operations.
Funding Requirements
In order to begin the startup process, Intechor Technologies will need approximately $2 million in investment. These funds will be used to create an initial product offering, form a team of qualified professionals, and acquire necessary resources. The following outlines the funding requirements necessary to launch this venture:
- Software licensing and development costs: $1.3 million
- Marketing and advertising expenses: $250,000
- Office space and equipment acquisition: $350,000
- Compensation for employees: $200,000
The startup costs associated with this venture can be seen as an investment for the future success of Intechor Technologies. With the resources and expertise demanded by this industry, these funds will enable the procurement software startup to be competitive and well-positioned to capture market share.
Milestones And Traction
Intechor Technologies was established in San Jose, California in 2021, and has since focused its efforts on developing cloud-based procurement software. The company is currently in the Alpha testing phase and is preparing to move forward with Beta testing and commercialization of its product suite. Going forward, Intechor Technologies plans to develop a roadmap that details key milestones that will further shape the development of our application, as well as specific launch dates for our services. We are optimistic that our timeline and milestones, listed below, will ensure successful commercialization of our product and services.
Specific milestones that Intechor Technologies plans to achieve in the coming months are as follows (all dates are tentative):
- April 2021: Alpha testing completed
- May 2021: Beta testing begins
- June 2021: Commercialization of product suite
- August 2021: Full customer service launched
- October 2021: Contract negotiation & invoice verification launches
- December 2021: Supplier performance analysis begins
Along with these milestones, Intechor Technologies will strive to create meaningful relationships within the industry. We plan to utilize our existing networks and contacts to form strategic relationships with potential customers as well as related industry vendors and suppliers. This will further ensure successful deployment of our product and services.
II.- Products & Services
Problem
Organisations are increasingly facing mounting challenges in streamlining their procurement process. These include the many labour-intensive components, such as complex contract negotiation, manual invoice verification, and supplier performance analysis. These processes often lack the added layers of visibility and automated tracking to ensure full accuracy throughout the entire purchase process.
Additionally, these tasks are also time-consuming and require a great deal of resources to implement. By offering an automated and comprehensive cloud-based procurement software suite, Intechor Technologies is poised to help organisations reduce the amount of manual labor and time needed for these tasks. Our service will also offer a higher level of customer service, with one-on-one guidance, tutorials and robust customer support.
Solution
Intechor Technologies intends to provide a comprehensive cloud-based suite of procurement solutions that automate the purchasing process for enterprises. Our solutions will streamline and simplify the process of purchasing and payment, making it easier for companies to access the products and services they need in a timely manner. The solutions are designed to accommodate the complexities of modern procurement processes, providing organizations with better control, transparency and reliability of the purchasing process.
Using Intechor’s automated procurement solutions, organizations can gain control by tracking and monitoring orders and related compliance items, significantly simplifying the purchasing process while still remaining compliant with industry regulations and procurement standards. The solutions will also provide companies with visibility and insight into their current supply chain and procurement processes enabling them to optimize and improve their infrastructure with greater accuracy and efficiency.
Our comprehensive solutions include tools for contract management, invoice verification, supplier performance monitoring, and cost management. Additionally, we offer customer support and guidance, tutorials and an extensive knowledge base to ensure customers can make the most of our solutions and utilize them to the fullest extent.
Validation of Problem and Solution
In order to validate the problem Intechor Technologies is attempting to solve, case studies and surveys of enterprise businesses were conducted to determine the extent to which current procurement processes are overly inefficient and costly. The results of these surveys concluded that a lack of seamless interoperability and communication among departments, long wait times for goods from suppliers and the manual verification of invoices were significant problems that needed addressing.
When developing our software product, we limited our testing to businesses that had direct input in our design and development process, as well as businesses that fully adopted our product into their routines. This allowed us to test the product's efficacy and measure the time-saving benefits that ensued from using Intechor Technologies applications, such as automated replenishment and intelligent order-tracking. Our collected feedback and data prove that our software is highly successful in providing a streamlined procurement process, resulting in shorter lead times, increased collaboration and maximized cost-efficiency.
Product Overview
Intechor Technologies is a cloud-based procurement software startup that provides comprehensive software applications to simplify procurement processes in enterprise businesses. Our software suite is comprehensive and offers organizations effective tracking and automation of purchasing orders, as well as other services that deliver value to our customers.
Our software is designed with businesses in mind, and offers features that help businesses streamline their procurement workflow. Our applications provide features such as the ability to track and place orders with multiple suppliers and organize purchase data into an easily readable digital format. Businesses can easily create contracts, manage invoices, and monitor supplier performance. The application suite is easy to use and can be accessed anywhere with an internet connection.
Intechor Technologies provides additional services to enhance the value we give to our customers. We offer professional contract negotiation and invoice verification services, as well as supplier performance analysis. We also offer one-on-one guidance, tutorials, and robust customer support to make sure our customers are getting the most out of our products and services.
Competition
The procurement software industry is quite active and there is a large range of existing offerings. Many existing providers of procurement software products offer cloud-based solutions, but Intechor Technologies will have several features that set its products apart from the competition. Firstly, Intechor Technologies will offer comprehensive application suite that provides organizations with tracking and automation of their purchasing orders, offering a unique level of service and products that many competitors cannot match. Additionally, Intechor Technologies will offer services such as contract negotiation, invoice verification, and supplier performance analysis. This combination of features and services sets Intechor Technologies apart and provides customers with an alternative to current software products.
Roadmap
Intechor Technologies has already invested heavily in establishing a comprehensive cloud-based procurement software suite. This suite offers tools for tracking, automation, and contract negotiation, invoice verification and supplier performance analysis. The product suite is now ready for customer use.
Our goal is to become the premier provider of cloud-based procurement solutions. To achieve this, we plan to invest in customer service and product development. Combining customer service and technology, Intechor Technologies wants to provide top-of-the-line service and products that help our customers simplify and streamline their purchasing processes.
We are already pursuing customer contracts, and we plan to continue expanding our customer base. We will continue to refine and improve our product suite, and offer our customers additional services. We want to add more flexibility and convenience to our products, to ensure that customers get the best possible experience.
Intechor Technologies will also invest in marketing and promotional methods to increase our visibility and customer base. Intechor Technologies is committed to achieving the highest standards of customer satisfaction, by providing unparalleled service and answers to customers’ needs.
III.- Market Analysis
Market Segmentation
As part of the market analysis, Intechor Technologies will develop a market segmentation plan to identify potential customer groups. Using data-driven research, the customers' industry, size, and use of technology will be considered when creating a tailored market segmentation plan so to determine which groups of customers are best suitable for the procurement software solutions.
To effectively target the right segment of the market, Intechor Technologies will embark on segmenting customers into distinct groups based on common characteristics. The table below outlines the segmentation criteria and the associated characteristics of each group:
| Market Segment | Characteristics |
|---|---|
| Small Business | Low tech-savvy, small team size, limited budget for procurement solutions |
| Medium Business | Medium to high tech-savvy, medium sized team size, budget able to support comprehensive solution |
| Enterprise Business | High tech-savvy, large team size, well-funded department with need for large scale solutions |
Using this market segmentation plan, Intechor Technologies can create tailored marketing messages to reach the right audiences. It is through this system that Intechor Technologies is better able to target potential customers with the appropriate procurement solutions.
Target Market Segment Strategy
Our ideal customer for procurement software would be a business with a large operational department, who process multiple purchase orders on a regular basis. They could benefit from our software to streamline their process and make it more efficient.
We also anticipate that medium to large size businesses typically with more than 20 employees may also find our system useful; especially those who are growing and want to scale their procurement process with a robust software system.
Key Customers
Our ideal customer archetype is that of the small to mid-sized business that relies on the efficient and effective procurement of products and services. Such businesses often have limited budgets, but place a strong value on their supply chain and are looking for frugal yet secure solutions. Our software is designed for businesses of this nature, and as such, these customers will be the main advocates for our business.
Future Markets
Our market analysis provides an insight into the current market opportunities for our procurement software business and a snapshot of the potential market penetration that our business strategy can achieve in the future. Our survey results indicate strong interest across all sectors, with the majority of survey respondents showing keenness to embrace the opportunities provided by our procurement software. Our market analysis combined with our business strategy provide us with several routes to target the market, including the enterprise segment and the small to medium businesses interested in procuring software and services through our platform.
For example, our enterprise segment approach would aim to form long-term partnerships with firms by offering them advanced and comprehensive solutions tailored specifically to their needs. Additionally, our business strategy takes into account all relevant stakeholders such as suppliers, manufacturers, and clients to ensure a successful rollout and operational framework for our business. Specifically, our strategy involves initiating an effective communication platform, providing a rigorous training program for our team, and developing innovative membership-type services.
The future market potential for our business is very promising, and with the right approach, we believe that we can tap into the full potential of the procurement software market. By using a combination of our market analysis and business strategy, we can continue to identify new and existing customer needs and offer specialized solutions for each customer's specific requirements.
Competition
Intechor Technologies is entering a competitive market for procurement software. Table 1 provides a list of existing players in the procurement software sector, as well as an overview of their services and products.
| Company | Product/Services |
|---|---|
| Company 1 | Cloud-based software applications to simplify procurement processes |
| Company 2 | Comprehensive tracking and automation of purchasing orders |
| Company 3 | Contract negotiation, invoice verification, and supplier performance analysis |
Intechor Technologies will need to differentiate itself from existing competitors by providing superior customer service and additional features. Additionally, Intechor Technologies needs to ensure that their application suite is competitively priced and provide superior value for money.
IV.- Marketing and Sales Plan
Marketing Plan
Intechor Technologies is committed to an aggressive marketing and advertising strategy in order to generate strong customer traction. Our primary focus is to build brand awareness by utilizing multiple channels to reach our target market. Our goal is to spend a minimum of 10% of our projected net revenue on marketing, while still making wise investments that generate a reasonable ROI. This section outlines our key advertising channels, costs and goals.
We will begin with a series of online channels in order to gain visibility for our brand and products. This includes search engine advertising; display advertising through various ad networks and social media platforms, such as Facebook and Twitter; and creating content on popular websites related to procurement and business process automation. We will also purchase relevant keywords and create landing pages to maximize conversions.
In addition to online advertising, we will look to traditional marketing methods in order to reach a wider audience. We plan to develop partnerships with industry associations and create print materials for trade shows and other events. We also plan to leverage our existing relationships with suppliers to cross promote our products and services.
Finally, we plan to utilize email campaigns to target customers of our suppliers, as well as prospective customers already engaged in the procurement process. We will use targeted messaging and automation to increase lead conversion and generate more brand exposure.
Our goal is to promote Intechor Technologies’s products and services to our target market, generate high-quality leads, and develop a strong customer base over the course of a year. We plan to place a strong emphasis on customer service and will track our progress in order to ensure that our budget and strategies are successfully driving sales and growth for our business.
Sales Plan
In order to be successful, it is important to estimate the number of sales that we anticipate. This number should be based on a variety of factors such as market conditions, capacity, pricing strategy, and other factors. We anticipate that our product will appeal to small and medium-sized businesses, providing them with a cost-effective and easy-to-use solution for product procurement. Based on these factors, we estimate that we will be able to make at least 50 sales of our product turnkey product by the end of this business year.
Location and Facilities
Intechor Technologies is based in the vibrant IT hub of San Jose, California. Located in the center of Silicon Valley, Intechor Technologies is surrounded by the energy and digital growth that has made San Jose the epicenter of technology and digital innovation worldwide. We have chosen this location due to its close proximity to many of our major customers, industry leaders and business incubators.
Intechor Technologies has identified an 8,000-square-foot, ground-floor office and production space in downtown San Jose. This space will provide sufficient room for our staff, equipment, and operations. The initial capital outlay for the space is an estimated $2.2 million, and it will include the installation of our enterprise-level software, efficient processing systems and resources to meet the needs of our clients.
The base rental rate for this space is competitive and reflects the changing market cost of office and production space in the San Jose area. We will negotiate a favorable lease which reflects our ongoing operations and growth potential, as well as appropriate accommodations for the specific needs of our business.
Technology
Our procurement software is powered by advanced technology that simplifies the process of contracting and procuring goods and services. Our software uses a combination of artificial intelligence, machine learning and natural language processing to automate the procurement process. This helps customers to reduce time, cost, and risk while streamlining the entire process.
The software also employs sophisticated algorithms that can suggest the best contract and supplier according to customer preferences. The platform provides customers with real-time analytics and reporting, so they can configure their procurement process and make data-driven decisions.
Overall, our customer-centric approach and cutting-edge technology helps customers to accelerate their digital transformation and automate their procurement process, reducing down costs and maximizing savings.
Equipment and Tools
We will require the following equipment and tools to execute our procurement software business plan:
| Equipment/Tool Name | Cost (Purchase or Rental) |
|---|---|
| Computers/Laptops | $1000/per unit (purchase) |
| Software | $200/per license (purchase) |
| Telephone System | $2000/per unit (purchase) |
| Website Hosting Service | $15/month (rental) |
V.- Management and Organization
Organizational Structure
At Procurement Software, Inc., each area of the business is organized into departments and positions staffed with accountable, empowered employees to ensure efficient operations. The table below outlines the organizational structure of the business, the roles and responsibilities of each employee, and the flow of information between levels of the organization.
| Position | Function | Information Flow |
|---|---|---|
| Executive | Sets the strategic direction of the business and oversees the overall operations. | Receives information from employees and provides direction to the rest of the organization. |
| Director of Procurement Processes | Oversees the development and management of the procurement software product. | Receives direction from the Executive and provides relevant information to the Procurement Software Team. |
| Procurement Software Team | Develops, tests, and maintains the procurement software product. | Receives direction from the Director of Procurement Processes, and gives feedback to the Executive and the Director of Procurement Processes on product development and testing. |
| Client Relations Manager | Maintains relationships with existing customers and handles inquiries and complaints. | Receives direction from the Executive and reports customer feedback and complaints to the Procurement Software Team. |
| Sales Team | Develops, implements, and evaluates plans for sales and marketing. | Receives direction from the Executive and provides relevant information to the Client Relations Manager. |
Management Team
As our business expands, we anticipate hiring senior-level management positions to ensure a successful operation. Currently, we need to recruit individuals from diverse backgrounds with demonstrated experience and expertise in the procurement software industry. Below is a table of potential candidates for high-level management roles within our company.
| Name | Position | Experience |
|---|---|---|
| John Doe | Chief Operating Officer | 12 years of software development experience in procurement and supply chain systems |
| Jane Smith | Chief Technology Officer | 10 years of experience in enterprise software development and support |
| Katherine Johnson | Chief Financial Officer | 7 years of corporate finance and accounting expertise in process and operations |
| Jennifer Wilson | Chief Marketing Officer | 9 years of marketing experience in the procurement software industry |
Management Team Gaps
As we are currently in the early stages of building our procurement software business, there are some gaps in our management team in terms of personnel and expertise. Although we have a highly qualified team in place, any additional positions require further recruitment and hiring. Additionally, there are a few areas of expertise which we are currently lacking and need to strengthen in order to properly launch and execute our procurement software.
At this time, we do not have candidates ready to fill any open positions, so any additional roles will have to be filled as needed. We are, however, coming up with strategies to help fill in these gaps, such as looking to independent contractors and specialist consultants, who can provide their unique skill sets and knowledge within their relevant fields. In the future, if needed, we may also consider taking on interns or apprentices who can help out on a part-time or even full-time basis.
Personnel Plan
In order to successfully manage a procurement software business, we must ensure that we have the right personnel in place. Below is a table of potential positions that are necessary to effectively run our business:
| Position | Description |
|---|---|
| Software Developer | Develop the necessary software to provide the procurement services. |
| Product Manager | Establish the requirements for the software, develop a timeline for product development, and manage the software development process. |
| Marketing Manager | Develop marketing plans, oversee advertising campaigns and drive sales. |
| Customer Service Representative | Provide direct customer service to ensure customers are satisfied with the service received. |
| Financial Manager | Oversee and manage all financial aspects of the business. |
Company History and Ownership
Intechor Technologies was founded in San Jose, California in 2020 by two entrepreneurs with a vision for building a comprehensive cloud-based procurement software solution for enterprise businesses. Initially bootstrapped, Intechor Technologies soon attracted venture funding from several prominent Silicon Valley investors to accelerate its growth. Over the course of the past year, a talented team of engineers and designers have been hard at work developing the software, while a dedicated sales and customer service team is poised to launch the first version of the product to market.
Intechor Technologies is owned by the founders, the venture investors, and a group of angel investors. The company is led by a board of seven people, including the two founders, two venture capitalists and three angel investors. Each of the investors is a respected leader in their respective fields, and their support has been invaluable to the development of Intechor Technologies.
Milestones
Achieving our objectives requires the successful completion of specific milestones. Therefore, we have created a detailed roadmap of goals and objectives that we plan to achieve in order to effectively manage and steer our procurement software business. This roadmap is presented in a table format below, along with the expected start and targeted completion dates.
The milestone roadmap has been designed to help us stay focused on the key objectives for our business and measure progress towards the completion of those objectives. It is our intention that the completion of each milestone will lead us closer to achieving our long-term business goals.
Key Metrics
When running a business, it is important to measure key performance indicators (KPIs) in order to gauge the overall performance and health of your business. For a procurement software business, the main KPIs to track include customer satisfaction, operational efficiency, cost savings, and revenue generation. These four KPIs can help provide an overall view of how your business is performing and can highlight any areas that need further attention.
Customer satisfaction is a key metric since it is directly related to the success and sustainability of your business. The ability to consistently provide high-quality services and products is essential to maintaining a loyal customer base and generating revenue. Operational efficiency is also important as it is related to the cost of running and maintaining your business. Therefore, tracking efficient processes such as accurate order tracking and order completion times is important for measuring business performance.
Cost savings are also essential to measure when running a business. Keeping costs low helps to maximize profit margins, something which is essential in any business. Therefore, tracking supplier costs, order costs, and other overhead costs will help you identify areas in which you can focus efforts to reduce costs and increase profits.
The final important KPI to track is revenue generation. Keeping an eye on sales and revenue figures is important to monitor the health of your business. Tracking current revenue, past revenue, and revenue trends can help you identify areas where you can improve sales and maximize profitability.
What you Get With Procurement Software Business Plan Package
| 6 Chapter Business Plan Template in MS Word | Free Pitch Deck Template in PPT |
| 5 Year Financial Model Template in MS Excel | Free Financial Dashboard Template in MS Excel |
| Immediate Download After Purchase | MAC &PC Compatible, Unlocked, NO VBA Macro |
| Bank/Investor/Grant Ready Package | No Accounting Or Financial Knowledge Needed |
VI.- Financial Plan and Metrics
Sales Forecast
We anticipate that the sales volumes of our procurement software business will grow steadily over the coming three years. Our projected sales for the same span is presented in the table below:
| Year | Projected Sales (in USD) |
|---|---|
| 1 | 200,000 |
| 2 | 400,000 |
| 3 | 700,000 |
Procurement Software Financial Plan Key Inputs
Expenses
The financial plan for the procurement software business plan will include two tables detailing the expected and incurred costs for both start-up and operation of the business. The first table will list the start-up costs and the second table will list the operational expenses. Start-up costs include IT infrastructure, website hosting and development, salary costs, and any licences or permits required.
Start-up Costs
| Item | Cost |
|---|---|
| IT Infrastructure & Software | $5000 |
| Website Hosting & Development | $3000 |
| Salary Costs | $8000 |
| Licences & Permits | $1000 |
| Total Start-up Costs | $17000 |
Operational Costs
| Item | Cost |
|---|---|
| Rent | $2000 |
| Internet Service | $50 |
| Telephone Service | $75 |
| Utilities | $400 |
| Total Operational Costs | $2725 |
Financial Plan
This part of the business plan is where you present the three main financial documents of any startup: the income statement, the cash flow statement, and the balance sheet. The income statement delineates revenue and expenses, providing a view of overall financial performance. The cash flow statement provides insight into the movement of funds within the business, while the balance sheet lists assets and liabilities. Together, this combination of financial documents provide a holistic view of the health and viability of the startup.
Procurement Software Financial Plan Profit & Loss Statement
Procurement Software Financial Plan Cash Flow Statement
Procurement Software Financial Plan Balance Sheet Statement
Personnel Plan
Our procurement software business plan includes an extensive personnel plan outlining how and who we intend to hire, what compensation will be, and how employees will fit into business operations. We plan to hire people with the skills and knowledge needed to develop, sell, and maintain our software. We expect that our personnel costs will increase as the business grows, and will prepare a budget accordingly. When hiring, we will adhere to our legal obligations, such as providing fair wages and compliance with health, safety regulations, and other legal requirements.
We plan to provide competitive salaries and benefits for our employees, based on the market rate for similar positions and experience. Employees will be given additional incentives like performance bonuses and stock options, to ensure their loyalty and contribution to the business. We will ensure proper onboarding and training for our staff, and provide regular mentorship and skill development sessions to ensure our employees have adequate knowledge and skills to fulfill their roles to their fullest potential.
Capital Requirements and Use of Funds
Our capital requirements reflect the amount of money we need to raise to pursue the goals outlined in this procurement software business plan. We will use these funds for the development and implementation of the software, including the cost of the necessary hardware and software, the hiring of qualified personnel, and the overhead costs associated with running the business such as marketing and administrative costs. Additionally, funds will be used to cover any unforeseen operating costs, as well as for any upcoming capital improvements. We are seeking a total capital investment of $X to get our business up and running.
We understand that our potential investors/lenders want to know that their money will be used responsibly and is invested in a manner that helps the business achieve its goals. We have identified and planned various metrics, such as the number of customers, the growth of sales, profitability, and cost of goods, that will be used to ensure we use our capital efficiently. Additionally, we will track and monitor the progress and performance of the software and make strategic adjustments accordingly. This will help ensure that our capital is well spent and that our goals are being achieved.
Exit Strategy
Our exit strategy is to eventually sell our procurement software business. We anticipate that this will provide the greatest financial return for our stakeholders. We plan to approach potential buyers who have an interest in acquiring our business and showcasing our track record of success. We also plan to strategically target buyers who can properly leverage our existing customer base, brand, and software technology. We may also consider alternative options, such as mergers or strategic alliances, depending on market conditions.
