Implementation of enterprise management

LTD “Innosystems” is an information system that creates a united functional environment and management. It allows the company to implement the world best business practices and standards.

LTD “Innosystems” offers modernization of enterprise regimes according to economic efficiency, reasonable management and arrangement of enterprises in order to facilitate the development of the infrastructure and economy in Georgia. It also provides accountability and transparency standards with the best international practice.

Risks related to the management of the company are diverse, for example, natural disasters, accounting scandals, challenges to global markets integration, cyber attacks and these are just a small list of events that can lead to unsuccessful risk management.

Our company offers you the effective and result-oriented activities in the management of enterprises, taking into consideration the above risks. We take into account all the risks and take responsibilily for our company’s action. LTD “Innosystems” will implement the management of the Company, and the Customer in accordance with the payment terms that have been agreed between parties will pay the fee. The main goal of the management is to improve the efficiency of the Company's performance, as well as to improve the management and financial situation of the Company through successful management-services. The Company is obliged to achieve the predetermined goals that have been agreed between the parties. We will carry out exclusive management in the company by our representatives in the company's executive body. LTD “Innosystems” will supervise all the functions of the Company, which are essential for the efficient functioning of the company. This includes supervision and management of companies’ employees in order to improve financial and technical indicators.

LTD “Innosystems” will implement in the management process:

1. Funds control, responsible for the use of these funds for authorized purposes and their accountability;

2. Receivables management;

3. Control of the amount paid to the company's credit accounts, including tax authorities or other third parties;

4. Prepare budgets approved by the Supervisory Board of the Company and further implementation of these budgets;

5. Acceptance of credits and loans within the limits approved by the Supervisory Board;

6. Conclude agreements and conduct audit of the company as required by Georgian legislation;

7. Manage accounting and accounts in accordance with the legislation of Georgia;

8. Control the other financial activities of the company.

Our company will be entitled to use all the assets owned by the company or all the assets under the operational control – land, buildings, tools, equipment, machines, software and other assets that are considered to be necessary to manage the system perfectly and correctly, and the most important thing is that the management should be focus on the result.

Our company can also establish or modify the business-organizational structure of the company, hire new staff, exclude employees from the job, dismiss or exclude the working categories, impose other obligations on the employees, increase or decrease salaries, change or elaborate new staff policy and otherwise manage the company labor resources according to the Georgian legislation. Our company will also attract high quality staff, which is needed for management of the company. The staff, which is assigned to the certain position, is paid by the company.

Our company will regularly agree with the customer about all issues that will have a significant impact on the company's activities, conclude contracts for goods and / or services only according to the company's consent. Company employees will fulfill all instructions, orders or directives relating to their powers and fulfillment of defined tasks.

LTD “Innosystems” provides services in good faith, efficiently and economically, with the intention of real entrepreneur. We will always protect the legitimate interests of the client and the company. Once every three months we will submit a report on the Company Management activities to  Supervisory Board, in addition, the financial statement and other information, if required by the Supervisory Board.

In accordance with the legislation of Georgia, LTD “Innosystems” will fulfill its obligations without any systematic or continuous intervention of any third party.

The above-mentioned activities of our company are divided into three parts:

1. Initial payment

2. The basic cost of management services

3. Payment for successful results