The year of strong development implies future growth

In 2024, Oscar Software conducted active development efforts in the customer interface and internally. The company’s net sales and profitability saw positive development, and the company grew moderately. In May, Jakke Vyyryläinen was appointed as the new CEO.

The strategic decision to shift from a project focus to a more product-oriented model was reflected by Oscar’s operations throughout the financial period. Over the course of the year, development continued on a comprehensive service that marries the essential areas of the business operations and enables the customer to develop its own business activities and digitalization.

The pace of work at the software company is excellent, but the persistently difficult economic trends made the early part of the year challenging. Even though the customers had investment needs and the willingness regardless of the field, decisions were delayed due to the uncertain economic situation. Toward the end of the year, however, the market began to show positive signs in the form of decreasing interest rates and slower inflation. Despite the challenges, customer interest in Oscar’s products and services remained unchanged through the year.

There has been positive development in net sales and especially profitability. The direction has been correct.

Launch of a modern ERP system and tools for the VAT reform

One of the most significant achievements of the year was the launch of a new modern ERP business platform, Oscar P1, at Subcontracting Fair Finland in October. The company’s two other production lines also made significant development efforts, with a specific focus on productization. The user experience of the Oscar T5 ERP system was improved, and a new version of the Oscar eCommerce online business solution was released.

The VAT reform that took effect in the fall had a positive impact on Oscar’s business. The company provided its customers with tools and services to implement the VAT reform as smoothly as possible. The official VAT change took place on a weekend, during which Oscar’s own VAT team was on call to assist customers. The help provided by Oscar generated substantial added value to the customers and lightened their work load in tackling the VAT reform.

Investments in responsibility continued

Responsibility has been a key element of Oscar’s mission statement in recent years, and the company redoubled its efforts in 2024. The focuses of the responsibility measures have included the carbon footprint (e.g., machine room and operating facilities) and carbon handprint (e.g., resource efficiency and transparency).

More attention will also be paid on responsible options in the choices of partners. In the next financial period, the aim is to transition to anonymous recruitment with finding the right kind of expertise at its core. Oscar has made significant investments in developing the company’s internal operating models, which has been received extremely well by the staff.

Panostaja’s Heikki Tukiainen got started as a new member of the company’s Board of Directors, bringing his expertise and insight into the company’s operations. This year, too, Panostaja continued to provide strong financial expertise, sparring assistance, and the freedom and peace to push the agreed areas forward.

The anniversary year is expected to be a year of growth

In 2025, Oscar will be celebrating its 20-year journey. The company has a significant growth goal for the anniversary year, which is supported by well-laid plans and practical measures. In addition to focusing on the basic business operations, development work will continue in areas such as improving operating models, and improved efficiency will be sought through marketing automation, for example. In 2025, the customer will witness positive developments made in the customer service system.

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