PROFIT + SOFTWARE LTD

What PROFIT + SOFTWARE LTD does

PROFIT + SOFTWARE LTD (Profit Software) is a privately held Bulgarian software company founded in 1991 originally as a Bulgarian branch of the German firm Much-Net AG. The company develops and sells Profit Partner, a modular ERP and business management platform serving exclusively the Bulgarian market through a direct sales organization headquartered in Sofia with regional representatives in Varna and Plovdiv. Profit Partner covers financial accounting, VAT compliance per Bulgarian ЗДДС, receivables/payables, cash and bank management, inventory and warehouse operations, fixed assets, cost and profit centers, production planning, budgeting, and electronic document interchange. Adjacent products include Profit Cashier (POS), Profit Orders, Profit Archive, a dedicated Budget Accounting variant for public sector entities aligned to the Unified Budget Classification (ЕБК), a cloud hosting service (Profit in the Cloud), and an AI Document Reader launched in October 2025 for automated invoice/receipt processing.

The underlying technology combines a long-evolved on-premise Windows ERP codebase — including a proprietary "Unified Form" that propagates single document entries across multiple accounting subsystems simultaneously — with EDI integrations to ~11 Bulgarian banks (MT940/CSV) and custom document formats for METRO and BILLA Bulgaria. The platform is registered as certified СУПТО version 19.0918 (Ordinance N18/2006) and is continuously updated to reflect Bulgarian regulatory changes (versions 16, 20, 23, 25, and 2026 Euro-ready). AI capabilities are limited to the recently launched computer-vision document processing layer; the core ERP remains a deterministic accounting system rather than an AI-native platform.

Profit Software's business model is built on a combination of perpetual software licenses (Base System €500, Warehouse €300, Fixed Assets €250, Cashier €350, Orders €400, Archive €300), recurring annual maintenance contracts priced as a fraction of the Bulgarian minimum monthly wage per workstation, version upgrade fees, and professional services billed at €50/hour. Revenue is generated exclusively through direct sales with no disclosed resellers, channel partners, or marketplace presence. Customer segments span medium-to-large Bulgarian enterprises, accounting firms managing multiple client databases, manufacturing and trading companies, public sector institutions, and educational organizations — with a deliberate horizontal segmentation across Bulgarian regulatory and industry-specific use cases.

Name

PROFIT + SOFTWARE LTD

Legal name

Profit Software Ltd.

Website

https://profit-bg.com

Company type

Private

Founded year

1991

Operating status

Operating

Short description

Profit Software Ltd. is a Bulgarian software company founded in 1991 that develops Profit Partner, a modular ERP platform for financial accounting, VAT compliance, inventory, production, and public sector accounting, serving Bulgarian enterprises, accounting firms, and government institutions.

Ownership category

akta.pro rank

Product category

Business Management / ERP Software

NAICS

Software Publishers (51321), Software Publishers (513210), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)

akta.pro secondary industries

Manufacturing ERP (Discrete, Process, Batch) (HDAEAEAB), Distribution & Wholesale ERP (Inventory, Order, Warehouse) (HDAEAEAC), Retail ERP (Merchandising, POS Back Office) (HDAEAEAD)

Keywords

• ERP software Bulgaria
• Accounting software
• VAT compliance software
• Financial accounting software
• Point of sale software

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Software Licenses (One-time/perpetual): Clients purchase Profit Partner modules as one-time perpetual licenses. Prices are listed per module (e.g., Base System 500€, Warehouse 300€, Fixed Assets 250€). Multi-user network variants add 20% premium. Multi-company accounting adds 25–50% depending on number of firms.
2. Annual Maintenance & Support Contracts: Recurring annual maintenance fees billed monthly based on number of workstations and Bulgarian minimum wage (МРЗ). Pricing scales with user count: 1 workstation = 1/12 of minimum wage monthly; 2 workstations = 1/12 of 1.5 МРЗ; 3–5 workstations = 1/12 of 2.5 МРЗ; 6+ by negotiation. An additional 50% surcharge applies for clients using Production or Cost/Profit Center modules.
3. Version Upgrades: Version upgrade fees charged when clients migrate to newer versions. Upgrading to Version 25 from Version 24 costs 450 BGN first workstation + 90 BGN each additional; from Version 23 costs 550 BGN + 110 BGN each; from Version 22 and older costs 650 BGN + 130 BGN each.
4. Professional Services (Training, Implementation, Consulting): Charged at 50 EUR per started hour for system/technical support, consultations, and training. After-hours support is charged at +50% premium. Special document creation services for specific retail chains (METRO, BILLA) cost 200 EUR.
5. Euro Conversion Upgrade (2026): Special one-time upgrade fee for the 2026 euro conversion version (Profit Partner 2026). For clients with active maintenance contracts: 750 BGN/375.78 EUR first computer, 150 BGN/76.69 EUR each subsequent. Without contracts: 1,100 BGN/562.42 EUR first computer, 220 BGN/112.48 EUR each subsequent.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

PROFIT + SOFTWARE LTD develops and sells Profit Partner, an integrated on-premise ERP/business management system for Bulgarian enterprises, with modular coverage of financial accounting, VAT, receivables/payables, cash management, inventory/warehouse, fixed assets, production, cost/profit centers, and budget accounting. The company also sells standalone add-on products (Profit Cashier POS, Profit Orders, Profit Archive, EDI Interface, Budget Accounting, AI Document Reader), provides cloud hosting ("Profit in the Cloud"), and delivers implementation, training, and hourly technical support services.

Product overview

PROFIT + SOFTWARE LTD offers Profit Partner, a modular ERP/business management software platform with over 25 years in the Bulgarian market. The core platform (Profit Partner) consists of integrated modules including Financial Accounting, VAT, Receivables/Payables, Cash Management, Inventory/Warehouse, Fixed Assets, Cost and Profit Centers, Production, and Budgeting. Key add-on modules include Profit Cashier (POS system), Profit Orders (order management), Profit Archive (document archiving), Budget Accounting (public sector), EDI Interface (electronic data interchange), and AI Document Reader (AI-powered document processing). Additional services encompass cloud hosting, implementation and training, universal system customization, and technical support. The company also provides specialized solutions for retail, manufacturing, wholesale, transportation, education, and budget-funded organizations.

Differentiator

Problem solved

Functional benefit

Brands

• Profit Partner (Профит Партнер): Core ERP and accounting software system covering financial accounting, VAT, receivables, cash management, inventory/warehouse, fixed assets, cost and profit centers, EDI, budgeting and project management, and production modules.
• Profit Cashier (Профит Касиер)
• Profit Orders (Профит Заявки)
• Profit Archive (Профит Архив)
• Public Finance Accounting (Бюджетно счетоводство)
• AI Doc Reader (AI обработка на счетоводни документи)
• Profit in the Cloud (Профит в облак)

Products and services

• Profit Partner (Профит Партнер) Integrated ERP/business management system for Bulgarian enterprises covering financial accounting, VAT, receivables/payables, cash/bank management, inventory/warehouse, fixed assets, invoicing, production, and cost/profit center modules. Modules can work independently or in full synchronization.
• Profit Cashier (Профит Касиер) Full-featured point-of-sale (POS) software for retail operations, supporting multiple payment types, customer cards, discount schemes, fiscal device and barcode scanner integration, multi-currency transactions, and centralized multi-store management with headquarters-level pricing and access control.
• Profit Orders (Профит Заявки) Customer order management system for tracking the full order lifecycle from acceptance through processing to delivery. Supports partial or full order fulfillment, status tracking with timestamps and user records, automatic inventory calculations, multi-currency pricing, and integration with warehouse and financial modules.
• Profit Archive (Профит Архив) Electronic document archiving system for storing, classifying, and accessing documents in digital format with search by date, type, number, subject, counterparty, or description, and links to financial operations in Profit Partner for audit trails.
• Budget Accounting (Бюджетно счетоводство) Specialized accounting variant for budget-funded enterprises and public sector organizations, including a full budget chart of accounts with Unified Budget Classification (ЕБК) segments, indirect linking of paragraphs to accounts, specialized B1, B3 and Balance Sheet reports, and multi-accounting center support with real-time consolidated reporting.
• EDI Interface (Електронен обмен на данни) Electronic Data Interchange module supporting document exchange with EDI systems used by various traders. Stores product codes, GLN, EAN codes, supplier codes, and pricing for different clients, enabling export to EDI-compatible formats and custom invoice templates for major Bulgarian retailers.
• AI Document Reader (AI обработка на счетоводни документи) AI-powered accounting document processing platform that automatically recognizes, extracts, and archives invoice and receipt data using artificial intelligence. Identifies document type, extracts key fields (supplier, recipient, UIC, VAT number, invoice number, amounts), verifies counterparties against public registries, and organizes documents in an intelligent archive.
• Profit in the Cloud (Профит в облак) Cloud hosting service enabling customers' data to be stored on cloud servers managed by Profit Software with 24/7 accessibility from any computer, guaranteed data confidentiality, and archiving.
• Implementation, Training and Technical Support Services Professional services covering system design and implementation, staff training, on-site consultations, custom configuration for specific retailer document formats (e.g. METRO, BILLA), and technical support delivered by Profit Software's own team.

Quantifiable outcome

• Up to 90% reduction in manual document processing through AI DocReader
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature8 records

Partnerships

Two partnerships are on record, tiered core.

• Much-Net AG (Germany)coreStrategic or Co-development Partner · 1 January 1991Profit Software was originally founded in 1991 as a branch of the German company Much-Net AG. The original Profit system was developed under German influence and subsequently evolved independently into the Profit Partner platform. The founding relationship with a German parent company influenced the system's architecture and accounting standards compliance.
• Bulgarian Banks (UNICREDIT, DSK, RAIFFEISEN, PROCREDIT, ALLIANZ, PIB, POST BANK, DBANK, CENTRAL COOPERATIVE BANK, INTERNATIONAL ASSET BANK)coreTechnology or IntegrationProfit Partner supports automated bank statement import from approximately 11 Bulgarian banks using MT940 and CSV formats, enabling seamless reconciliation of banking transactions. Banks supported include UNICREDIT, DSK, RAIFFEISEN, PROCREDIT, ALLIANZ, PIB, Post Bank, D Bank, Central Cooperative Bank, and International Asset Bank.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Datecs: Bulgarian fintech/ERP vendor offering fiscal devices, POS, and accounting software. Overlaps with Profit Software in retail POS (Profit Cashier) and Bulgarian VAT/localization regulatory moat.
• Microinvest: Bulgarian-headquartered developer of accounting and ERP software (Microinvest Accounting, склад Pro, Trade) serving SMEs and enterprises in Bulgaria. Directly comparable product portfolio, pricing tier, target customer, and Bulgarian regulatory specialization.
• Pravda Software: Bulgarian accounting and payroll software company with deep local regulatory localization. Competes head-to-head with Profit Partner in the accounting firm and SMB segment.
• ERP.bg (Business Software Solutions): Bulgarian ERP/accounting software vendor focused on Bulgarian SMEs. Directly competes in the same local market with comparable horizontal ERP+accounting positioning.

Emerging players

• Exact Online: Cloud-native ERP/accounting platform with growing European mid-market presence. Relevant comparable as a modern SaaS alternative threatening legacy on-premise ERP products like Profit Partner.

Broad incumbents

• SAP Business One: Mid-market ERP from SAP with a local Bulgarian partner channel. Competes for the same enterprise Bulgarian clients as Profit Partner, with deeper international capabilities but less native Bulgarian regulatory localization.
• Microsoft Dynamics 365 Business Central: Global cloud ERP suite from Microsoft that increasingly targets Eastern European mid-market via local partners. Represents the principal modern cloud-native competitive threat to Profit Partner's installed base.
• Visma: Nordic-headquartered provider of accounting, ERP, and HR software with growing CEE footprint. Compares to Profit Software in horizontal SMB accounting/ERP, though operating in different geographies.
• Asseco (including Asseco Bulgaria): Large Central/Eastern European software group with accounting and ERP offerings across multiple CEE markets. Comparable geographic and product overlap in regional ERP for SMEs and enterprises.

Regional players

• TietoEVRY (Tietoevry): Nordic-based IT services and software vendor with regional ERP offerings. Comparable as a regional player with horizontal enterprise software capabilities serving Northern/Eastern European markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/ProfitPartnerBG
• YouTubeyoutube.com/@profitsoftware5587
• Facebookfacebook.com/ProfitSoftware

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PROFIT + SOFTWARE LTD