With over 100,000 solutions to choose from, we’re thrilled to have made the list thrice in two G2 reports. In 2022, our company was honored to have received four awards:
2022 saw the successful launch of FreightXplorer Directory, a platform connecting logistics providers with shippers and clients. This platform aims to simplify the process of finding freight and logistics services. We believe FreightXplorer, set to fully launch in 2023, has the potential to revolutionize the freight industry.
In 2022, Logisoft’s user numbers grew 66% to 938, largely due to the introduction of the Logisoft Mobile Application and Client Portal. As of December 2022, over 2300 users and 1300 businesses were using Logisoft. These new tools have had a major impact on user adoption and helped drive our success. We expect to see continued growth in the coming years.
Our custom-built task management portal is a game-changer for our team. It is customizable, scalable and designed to fit the unique workflow and processes of the company. It has paid off in spades by offering greater flexibility, efficiency and control, helping to streamline processes and improve productivity.
At Logisoft, we value potential and invest in the development of our employees through targeted support and development opportunities. This includes one-on-one training and support during the onboarding process. Our efforts to optimize and improve our hiring process have resulted in more efficient and effective hiring decisions, which have benefited our team and contributed to our overall success. These improvements have had a clear impact on the company and we continue to see the benefits in every successful recruitment cycle.
We welcomed two new team members, Marilyn Haber and Louay Masri, who bring a wealth of skills, knowledge and potential to our company. Marilyn is a Google DSC lead and Louay is a mechatronics engineer with a passion for software development. Both are intelligent and enthusiastic about software development, and we believe they will be instrumental in helping our company achieve success in the future. We look forward to their contributions as part of our team.
One of our achievements this year was the creation of comprehensive technical documentation for our software. It includes clear explanations of features and functions, standards for software development and architecture, and serves as a reference for new team members. This investment in documentation and standards has ensured the consistency and quality of our software, and has had a positive impact on our company’s operations and success.
One of the key achievements of the past year was the implementation of a hot standby server with a disaster recovery plan which has an RPO of 30 minutes. This significantly strengthened our ability to cope with unexpected disruptions and gave our team and customers greater peace of mind. We are confident that our enhanced disaster recovery plan will enable us to continue operating smoothly and effectively, even in the face of unexpected challenges.
We have seen impressive financial growth despite the difficult global economic conditions. We attribute this success to the dedication and hard work of our team and the trust and support of our customers. As a company that values transparency, we are pleased to share our financial metrics and we believe that this positive trend will continue in the coming year:
12.12%
Revenue growth rate
18.5%
Debt-to-equity ratio improvement
37%
Revenue per employee growth
51.65%
Days sales outstanding improvement
Features and releases that made a difference
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In 2022, our development team contributed to a 11.9% increase in the total number of lines of code for our software, rising from 218,453 in 2021 to 244,466 by the end of 2022. This growth is a testament to the efforts of the team and the success of our product. As we continue to expand and enhance our offerings, we anticipate continued growth in the number of lines of code in the future.
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Our developers have been working hard to improve the performance and speed of our software by refactoring code, optimizing queries and making various other improvements. They have restructured and reorganized parts of the codebase to make it more efficient and easier to maintain. They have also optimized queries to reduce the amount of time it takes to retrieve and process data from the database. This was a strategic decision for this year, for we wanted to prioritize the performance and speed of the software in order to provide the best possible user experience.
03
In the past year, we made a commitment to improve the quality and reliability of our software by increasing test coverage and fixing bugs. The team’s efforts have paid off, resulting in a 4.74x increase in the number of tests run and the fixing of 318 bugs. These achievements reflect our commitment and dedication to providing our customers with the best possible product. We believe that our focus on testing and bug fixes will help us to continue to deliver the best possible products to our customers, and ensure the quality and reliability of our software.
04
We saw strong performance in terms of bookings and units shipped through our software. Our software processed a total of 169,960 bookings and facilitated the shipment of 347,951 units, including 657 containers, in 2022. These metrics show the success of our software in managing shipments and the demand for our products. We will continue to focus on delivering high-quality products and excellent customer service in order to maintain this strong performance in the future.
Delivering Value to Customers
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