Aptitude Software Strengths, Domain Expertise, and Key Differentiators
As an expert in global financial software, Aptitude Software provides CFOs of the world's largest organizations with a competitive edge through the streamlining and automation of financial accounting processes. The Aptitude Lease Accounting Engine enables clients to seamlessly transition to IFRS 16 and ASC 842, ensuring consistent and auditable lease accounting. Moreover, it facilitates a comprehensive understanding of the financial impact of individual leases and addresses complex accounting scenarios, empowering organizations with faster actionable insights.
The services teams at Aptitude Software possess extensive finance and technical expertise, delivering comprehensive support to customers throughout all phases of a project—pre, during, and post-implementation. This ensures an efficient and low-risk deployment, complemented by thorough training initiatives for optimal results.
Aptitude Software Recent Developments
In March 2022, Aptitude Software introduced Fynapse, an advanced automated finance management platform. Fynapse aims to transform the finance office, empowering professionals with enhanced control and insights to deliver strategic business value more efficiently and cost-effectively.
In June 2022, Aptitude Software unveiled a dynamic corporate rebrand, reflecting the company's capability to identify opportunities amid the increasing complexity of businesses. This strategic move follows the 2021 acquisition of MPP Global, marked company growth, and a foray into new product areas and industries.
Aptitude Software Mergers and Acquisitions (M&A) Activities
In October 2021, Aptitude Software completed the acquisition of MPP Global Solutions Limited, a global provider of cloud-based subscription management and billing technology (eSuite), in a transaction valued at £37.1 million. MPP Global's eSuite platform is dedicated to the subscription economy, delivering a modular, cloud-based, end-to-end Software as a Service (SaaS) solution to large enterprise clients, encompassing identity management, CRM, automated billing, and payment processing.
Aptitude Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Aptitude Software 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 Aptitude Software 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 Aptitude Lease Accounting Engine, Aptitude Accounting Hub, Aptitude RevStream, Aptitude Fynapse, Aptitude Compliance customers.
Aptitude Software Overview
8th Floor, 138 Cheapside
London, x, EC2V 6BJ, United Kingdom
44 20 3687-3200
https://www.aptitudesoftware.com/
Ownership: - APTD.L
Number of Employees: 527
Functional Markets: ERP Financial, ERP Services and Operations,
Key Verticals: Banking and Financial Services, Communications, Media,
Aptitude Software Key Enterprise and Cloud Applications
Aptitude Lease Accounting Engine, Aptitude Accounting Hub, Aptitude RevStream, Aptitude Fynapse, Aptitude Compliance
Aptitude Software Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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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.
Aptitude Software Revenue Breakdown By Type, $M:
Aptitude Software Enterprise Applications Revenues By Functional Markets, $M:
Aptitude Software Enterprise Applications Revenues By Verticals, $M:
Aptitude Software Revenues By Region, $M
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Americas | Subscribe | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe | Subscribe |
Aptitude Software Direct vs Indirect sales
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Aptitude Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Aptitude Software Customers
No. of Aptitude Software Customers: x
No. of Aptitude Software Enterprise Applications Customers: x
No. of Aptitude Software Cloud Customers: x
No. of Aptitude Software Cloud Subscribers: 500 million
Aptitude Software is trusted by numerous prominent global entities, such as tier-one banks, major insurers, and large telecommunications companies across various sectors. Serving clients in over 20 countries, the proprietary software supports businesses with combined revenues nearing $1 trillion and encompasses a user base of over 500 million subscribers worldwide.
In May 2023, Aptitude Software welcomed SAS Institute, a multinational developer of analytics software, as a new client. SAS Institute chose Aptitude RevStream to deliver a scalable, comprehensive solution for revenue accounting, reporting, and forecasting. Among SAS Institute, GoTo, a company simplifying IT management, support, and business communication through flagship products GoTo Resolve, Rescue, and GoTo Connect, also opted for Aptitude RevStream to implement an automated, sustainable revenue recognition and management solution, serving as a long-term platform for growth.
In April 2023, Legal & General America enlisted Aptitude Software to drive their finance modernization initiative. Aptitude Software will deploy a sophisticated accounting hub and sub-ledger solution, automating extensive accounting processes to establish a centralized data foundation under finance's stewardship, fostering informed and effective business decision-making.
In March 2023, Aptitude Software added Commonwealth Bank of Australia (Australia’s largest bank) to its esteemed clientele. CBA, on its finance modernization journey, chose Aptitude Software as the partner and software provider for their new sub-ledger. This strategic initiative involves integrating over 80 of the bank’s source systems into the finance ecosystem. Beyond delivering high-quality, granular finance information at speed, the program aims to simplify existing accounting rules and processes significantly.
In early 2023, Aptitude Software gained Aschendorff Group as a valued customer. As a distinguished media group in Germany, Aschendorff operates various media outlets, including newspapers, news portals, digital media, and magazines. The implementation of eSuite, a cutting-edge subscriber management platform offered by Aptitude Software, signifies Aschendorff Group's strategic move from legacy systems to a state-of-the-art ecosystem. This transition aims to support a comprehensive range of offerings, encompassing digital, print, and physical products.
Aptitude Software Market Opportunities, M&A and Geo Expansions
In the early successes of 2023, Aptitude Software forged a collaboration with Microsoft, integrating Fynapse, a fully automated finance management platform with Dynamics 365 Finance, Leveraging its extensive finance domain expertise and advanced enterprise accounting hub technology. The integrated accounting hub capabilities aim to empower Dynamics 365 Finance customers with increased efficiencies, cost reductions, and valuable business insights. This seamlessly integrated Software as a Service (SaaS) offering will be hosted on the Microsoft Azure platform.
Aptitude Software Risks and Challenges
In November 2023, Alex Curran was appointed Chief Executive Officer for the Group, which could lead to a different company strategy in the future.
Aptitude Software Ecosystem, Partners, Resellers and SI
In early 2023, Aptitude Software entered into a strategic partnership with the Swedish fintech company Minna Technologies. This collaboration aims to offer subscription businesses advanced anti-churn capabilities. Through the integration of the Aptitude Software subscription management platform, eSuite, with Minna Technologies, subscription businesses can address a prevalent issue related to churn – specifically, payment blocks resulting from canceling subscriptions within banking apps, hindering resubscriptions.
Aptitude Software's partner ecosystem is a dynamic network comprising advisory, consulting, integration, and technology providers. This growing community offers complementary services and solutions, enhancing the capabilities of Aptitude Software's clients across diverse industries and regions. The collaborative efforts of this partner community aim to provide clients with access to top-tier skills and expertise throughout the entire solution lifecycle. Notable partners include Accenture, Fierte, CFGI, Cognizant, Deloitte, Crossing Technologies, KPMG, and others. Additionally, Aptitude Software collaborates with technology partners such as Oracle, Workday, Teradata, and many others.
Aptitude Software Cloud Infrastructure Insights
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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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