8common Strengths, Domain Expertise, and Key Differentiators
8common offers three core products that cater to various aspects of corporate finance management. Expense8 provides end-to-end travel expense management software and card application, while CardHero focuses on corporate payments and funds disbursement. Additionally, PayHero offers procurement payment solutions. This diverse product portfolio allows 8common to meet the needs of different client segments.
8common Recent Developments
In July 2020, CardHero, the groundbreaking platform developed by 8common, processed its first transaction, marking a significant milestone for the company. By combining EML Payments issued pre-paid Mastercards with 8common's Expense8 spend reconciliation solution, CardHero revolutionizes funds and expense management processes for end-users. This seamless integration reduces administrative burden, validates expenses efficiently, and streamlines the distribution of funds.
8common Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying 8common applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of 8common and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Expense8, CardHero, Perform8, PayHero customers.
8common Overview
Level 7 320 Pitt Street
Sydney, NSW, 2000, Australia
61 2 8328-0505
https://www.8common.com/
Ownership: - ASX: 8CO
Number of Employees: 60
Functional Markets: ERP Financial, ERP Services and Operations,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
8common Key Enterprise and Cloud Applications
Expense8, CardHero, Perform8, PayHero
8common Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
8common Revenue Breakdown By Type, $M:
8common Enterprise Applications Revenues By Functional Markets, $M:
8common Enterprise Applications Revenues By Verticals, $M:
8common Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
8common Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
8common Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified 8common Customers
No. of 8common Customers: 300
No. of 8common Enterprise Applications Customers: 300
No. of 8common Cloud Customers: x
No. of 8common Cloud Subscribers: 170000
8common's customer base spans across various industries and regions. The company serves publically listed companies, global corporations, and local and national governments in Australia and Asia. Additionally, it has successfully acquired clients in North America. Currently, 8common boasts over 166,000 platform users, including esteemed enterprise customers such as Woolworths, Broadcast Australia, Amcor, and over 158 state and federal government entities.
8common Market Opportunities, M&A and Geo Expansions
In June 2021, the esteemed Woolworths Group reaffirmed its commitment to 8common's cutting-edge expense management solution, Expense8, by extending its contract for an additional two years. This strategic decision not only highlights Woolworths' satisfaction with the platform but also demonstrates the trust they place in 8common's ability to deliver exceptional value. The contract extension represents an estimated revenue of $140,000 for the initial term, further underscoring the significant financial benefits that Expense8 brings to Woolworths.
Moreover, as part of this extension, Woolworths will gain access to 8common's integrated card payment and expense management solution, CardHero. This future option provides Woolworths with a valuable opportunity to leverage CardHero's advanced capabilities, streamlining their corporate payments and funds disbursement processes. By integrating CardHero into their financial operations, Woolworths aims to enhance efficiency, improve expense management, and drive overall productivity.
This partnership between Woolworths and 8common showcases the mutual synergy and shared vision for optimizing corporate finance management. It solidifies 8common's reputation as a trusted provider of innovative solutions in the industry while reinforcing Woolworths' commitment to staying at the forefront of technological advancements in their financial processes.
8common Risks and Challenges
While 8common continues to experience success, it is essential to acknowledge potential risks and challenges that the company may face. The rapid pace of technological advancements demands constant innovation, requiring 8common to invest in research and development to stay competitive. Additionally, as the industry evolves, the company must ensure its solutions remain scalable, secure, and compliant with changing regulations.
Competition within the corporate expense management sector poses a challenge. To maintain its market position, 8common must differentiate itself through continuous product enhancements and exceptional customer service. Furthermore, global economic fluctuations and geopolitical uncertainties may impact customer spending, potentially affecting demand for 8common's solutions.
8common Ecosystem, Partners, Resellers and SI
With its global headquarters situated in Australia, 8common operates primarily through a direct sales approach. This strategic decision enables the company to maintain a direct line of communication with its diverse clientele, ensuring a personalized and tailored approach to meet their unique needs. By leveraging direct sales, 8common upholds its commitment to delivering exceptional customer experiences while maximizing its market penetration and revenue generation.
8common Cloud Infrastructure Insights
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- 8common Public Cloud and Infrastructure (IaaS)
- 8common Platform (PaaS)
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- 8common Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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