Armsoft and PicsArt companies signed a contract of AS-Enterprise system impementation in September 2021. The following subsystems of AS-Enterprise system will be implemented:

• Accounting
• Fixed Assets
• Inventory Holdings
• Payroll
• Human Recourses

   PicsArt was founded in 2014 and is the Armenian representative of the world-famous Picsart. Picsart is the world's # 1 creative platform and one of the most downloaded photo and video grouping apps in the world. Every month, millions of visual stories are created, transformed and disseminated through Picsart. Picsart has compiled the world's largest freely available image library, which includes photos, stickers, templates, and more. Picsart is available in 30 languages ​​for free and as a subscription for iOS, Android and Windows devices, as well as for the web.

   AS-Enterprise system will enable PicsArt Company to:

• Manage employee data
• Manage personnel orders (hire, dismiss, transfer orders, etc.) and change the financial orders
• Receive internal and tax reports about wages and calculated taxes
• Keep financial and tax accounting according to international standards
• Make multilateral financial analysis
• Receive financial and tax reports
• Modify reports and printing forms
• Control contractual obligations, debtor and creditor debts, analyze overdue debts
• Get full audit of transactions