PHARMACY software provider, Corum Group, is aiming to recapture its status as the biggest player in the market with its dispense and retail solutions.
Addressing the company's annual general meeting this morning, CEO, Julian Sallabank, told investors that 2020 had seen Corum focus on "getting the business match-fit for future growth".
Sallabank said the company had streamlined its cost base throughout the year alongside a "thorough review of all software products".
"Dispense and Point of Sale (POS) systems are core systems of a pharmacy, they cannot operate without them," he said.
"In the dispense area we have completed the development of Corum Clear Dispense (CCD)together with integrations with all major applications.
"We will now have two solutions for dispense - LOTS and CCD - and firstly we aim to quickly transfer our users off the legacy AWD product to our newer systems resulting in cost savings.
"Our POS product LOTS POS is scheduled for a seamless upgrade to Corum Clear Retail during this year and together with our dispense solutions will provide, we believe, a market leading offering to the independent pharmacist."
Sallabank told investors that a refresh of the Board and "wider associates" had given the group "a network of relationships at the decision-maker levels of the large [pharmacy] groups which we believe was lacking previously".
"Corum is a major player in the pharmacy software system market," he said.
"We used to be the largest and we want our market share back".
Sallabank added that the acquisition of PharmX was "a major milestone" for the business, noting that opportunities exist in the expansion of the platform's functionality and increasing the range of direct suppliers available through the platform.
The Corum CEO also used the AGM to acknowledge the efforts of pharmacists throughout 2020.
"It has often been stated that this group of hard-working Australians is the forgotten frontline - that certainly isn't the case as far as everyone at Corum is concerned," he said.
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