The three entities have just launched “Digitalization ROI Calculator”
Bucharest, March 3, 2021 – Two entrepreneurial Romanian companies join forces with ProCredit Bank to digitalize Romanian factories. These are Dendrio, specialized in IT&C solutions and integration, and die KFactory-Plattform, a start-up specialized in automation of traditional manufacturing and industrial practices. The three entities have just launched “Digitalization ROI Calculator. Using this instrument, the companies operating factories can calculate how much money they can save by going digital. Furthermore, they can access the Digitization Investment Credit for SMEs offered by ProCredit Bank for financing.
“Over the past year, we have received from clients multiple requests for funding digitalization projects. Through this partnership, we want to offer them complete factory digitalization solutions. This includes project financing solutions through ProCredit Bank. In this context, we aim to accelerate the decision-making and implementation process. We also take into consideration that CAPEX-type investment budgets have been diminished by the current crisis,” stated Vlad Cazan, co-founder of KFactory.
The solution can be implemented in a few weeks
The KFactory Core solution is particularly targeting factories. It helps increase their production performance (OEE – Overall Equipment Effectiveness) by up to 25%. The solution can be implemented in a matter of few weeks. It can also be integrated with different types of equipment, new and old, from different manufacturers. At the same time, it analyzes the events captured over a longer period. It provides information and answers to not only what happened but also to why something happened. KFactory Core also sends regularly reports and analyses to all operational managers. Therefore, the solution provides up to 80% more accuracy on operational decisions related to production. Furthermore, it allows up to 95% more time for the data collection and processing teams to carry-out other activities within the factory.
The solution is based on the experience and results obtained from current customers. A mid-level factory that operates at least 20 machines in three shifts can reach an added value of at least 1 million lei. This is a direct benefit from increasing performance and productivity by approximately 10%. By implementing and using the Kfactory solution, companies will produce more with the same resources. Any company can calculate the return on investment in factory digitalization using the “Digitalization ROI Calculator” available here.
Dendrio and KFactory and ProCredit Bank digitalize Romanian factories
In the context of the COVID-19 pandemic, many investment budgets, especially those of local entrepreneurial companies, were diminished. The key advantage of the partnership between Dendrio, KFactory and ProCredit Bank is the following. The companies can start the digitalization process without any initial investment and without the need to provide guarantees to the bank. The investment can be paid in installments over a period of up to 5 years. Therefore, companies implement the solutions and then pay the installments using the monthly savings they gain from digitalization. Additionally, ProCredit Bank offers a flexible credit line, available also for further investment or working capital.
“We understand how important investments in digitalization solutions are. We have been supporting the development initiatives of Romanian SMEs for a long time. We did this through our financing programs or European programs, without requesting guarantees from the client. Through the partnership with Dendrio and Kfactory we want to expand the support offered to Romanian manufacturers. Thus, we created the Investment Credit in Digitalization for SMEs, a product that meets the need of automation in terms of production,“ stated Mariana Petkova – General Manager ProCredit Bank.
“We at Dendrio believe that technology can radically transform the life of a company for the better. We want to help all companies with entrepreneurial DNA to accelerate the digitalization process as much and as quickly as possible. That is why we offer our customers a unique package of technology, education and digital craftsmen, together with our partners from KFactory and ProCredit Bank,” stated Cristian Herghelegiu, CEO of Dendrio.
Dendrio and KFactory team up with ProCredit Bank to digitalize Romanian factories.
About KFactory
KFactory is the first Industry 4.0 funded digital platform funded in Romania. It innovates the manufacturing industry and optimizes a specific core process in all sectors. The company integrates new technologies such as IIoT and Machine Learning into the manufacturing process. Furthermore, it transformes a classic process into a new one, in which industrial equipment, controls, operators and support teams are actors in a well-orchestrated digital process. The platform monitors and learns how industrial equipment, operators, orders and support teams behave and interact during the production process, so that managers can have full visibility over the entire process and make quick and informed decisions. KFactory has a territorial presence both in Romania and internationally.
About ProCredit Bank
ProCredit Bank is the only German, commercial, development-oriented bank in Romania. The bank operates on this market for more than 19 years, being a reliable partner. The services offered are addressed to small and medium enterprises. Also to individuals who prefer to carry out their banking activities through digital channels. The whole activity is based on a few simple principles: transparency in communication with customers, promoting sustainable investments to the detriment of consumer loans, minimizing the carbon footprint of the institution, and providing services based on understanding each client’s situation and sound financial analysis.
About Dendrio
Dendrio is the reunion of three well-known companies on the Romanian market: Bittnet, Gecad Net and Crescendo. Dendrio inherited the values, skills, portfolios and teams of some of the best-known integrators on the Romanian IT market and further develops the integration business from the position of Secured Hybrid Multi-Cloud Integrator. Dendrio is part of the Bittnet Group, a group of companies listed on the Bucharest Stock Exchange since 2015, under BNET ticker.
