Business Forum • 27 February, 2024 at 6:20 PM
A USA company has announced an investment in Romania, a new enter in the local IT market. TaxDome, a leading American provider of practice management solutions for tax and accounting professionals, enters the Romanian market, as the local business landscape indicates accelerated growth and considerable progress in digitalization.
The company has a strong presence in the United States and a powerful international footprint. Founded in 2017 in New York, TaxDome is an American provider of practice management solutions for tax and accounting professionals, with a comprehensive suite of features, including document management, client communication, appointment scheduling, invoicing, and payment processing,
With a portfolio of 10,000 clients, mid and major companies, and 3 million users in the world, TaxDome adds Romania to its expansion plans. Romania is the 26th country and the first one in Eastern Europe where the American software company entered.
“Considering the dynamic economic landscape and the growing demand for innovative technology-driven solutions in the accounting and tax preparation sectors, we have decided to enter the Romanian market. Romania's rapid economic growth, coupled with its increasing digitalization and a strong base of tech-savvy professionals, presents a significant opportunity for TaxDome to introduce our comprehensive suite of tools designed to streamline and enhance the efficiency of tax and accounting practices,” says Alina Goldenberg, Country Manager of TaxDome Romania. The company offers locally an all-in-one platform with a comprehensive suite of features, including document management, client communication, appointment scheduling, invoicing, and payment processing, that will empower Romanian firms to streamline their operations and provide exceptional service to their clients.
”Our expansion into Romania aligns with TaxDome's mission to empower accounting professionals and firms worldwide with cutting-edge technology that simplifies operations, enhances client communication, and ensures secure data management. Romania's strategic location in Eastern Europe and its emerging status as a tech hub makes it an ideal entry point for TaxDome to serve the Romanian market and expand its regional presence,” added Alina Goldenberg.
The American software provider estimates a turnover of €125,000 in the first year in Romania. TaxDome's strategy focuses on maintaining affordable pricing and providing complimentary support and implementation services to ensure broad accessibility. The company's entry into Romania capitalizes on market conditions, filling a significant gap left by the absence of global competitors and the limited offerings of local companies. Leveraging this opportunity, the company aims to achieve financial targets and secure a substantial market share, paving the way for sustained growth and success.
“Our primary focus is on middle and larger firms, leveraging our comprehensive suite of tools to address the complex needs and challenges these organizations face in managing their operations efficiently. Our platform is tailored to be accessible and scalable, ensuring that small businesses can also take advantage of our cutting-edge technology to grow their practices and serve their clients more effectively. As for our ambitions in the Romanian market, we are setting a realistic yet optimistic target of securing 100 clients in our first year,” says Alina Goldenberg.
Currently, TaxDome's team in Romania comprises two dedicated professionals instrumental in laying the foundation for operations and ensuring services finely tune to meet the unique needs of the Romanian market. At the helm is the Country Manager, Alina Goldenberg, whose expertise as an accountant and deep understanding of the local business landscape makes her an invaluable asset to the team and clients. Working alongside Alina is a colleague dedicated to localization efforts, guaranteeing that TaxDome's platform and services align with Romanian accounting standards and practices.