Fluence Technologies Strengths, Domain Expertise, and Key Differentiators
Fluence Technologies offers a modern no-code midmarket financial consolidation solution meticulously designed to enable effortless ownership and maintenance by finance professionals. This sophisticated solution not only empowers users with unparalleled ease of use but also encompasses the power and functionality characteristic of the most robust and proven solutions in the industry.
Fluence Technologies Recent Developments
The financial figures speak volumes about Fluence's prowess, as they achieved remarkable milestones in 2021. The company's customer acquisition grew by an impressive 3x, annual recurring revenue (ARR) soared by 4x, and international partnerships doubled, setting the stage for further expansion and innovation.
Fluence Technologies Mergers and Acquisitions (M&A) Activities
In July 2022, Fluence Technologies expanded its portfolio through the acquisition of Sturnis365, a prominent provider of intelligent, collaborative disclosure management, and narrative reporting solutions. Sturnis365 serves a notable clientele, including numerous public, private, and pre-IPO customers across Europe, such as AB InBev, Enel Group, Rothschild & Co., Bouygues Group, Ferragamo, and KBC Bank. This strategic move further enhances Fluence's offerings, as Sturnis365 shares the company's commitment to a familiar Microsoft Office interface and domain-specific workflows, streamlining the automation of collaborative report production and integrating company-wide data with narrative text.
In November 2021, Fluence Technologies made a strategic acquisition of XLCubed, Ltd., a leading data-connected, Excel-centric reporting, and analytics software provider. This acquisition aligns with Fluence's overarching strategy of delivering a comprehensive technology platform to cater to the diverse requirements of organizations engaged in financial consolidation, close, and reporting processes. Notably, XLCubed brings exceptional financial reporting, analytics, and dashboarding capabilities tailored to meet the self-service demands of finance and business professionals.
Fluence Technologies Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fluence Technologies 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 Fluence Technologies 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 Fluence Technologies Consolidation customers.
Fluence Technologies Overview
47 Colborne St, Suite 201
Toronto, ON, M5E 1P8, Canada
1 647-519-7212
https://www.fluencetech.com/
Ownership: - x
Number of Employees: 95
Functional Markets: EPM, ERP Financial,
Key Verticals: Aerospace and Defense, 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,
Fluence Technologies Key Enterprise and Cloud Applications
Fluence Technologies Consolidation
Fluence Technologies 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.
Fluence Technologies Revenue Breakdown By Type, $M:
Fluence Technologies Enterprise Applications Revenues By Functional Markets, $M:
Fluence Technologies Enterprise Applications Revenues By Verticals, $M:
Fluence Technologies 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 |
Fluence Technologies Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Fluence Technologies Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Fluence Technologies Customers
No. of Fluence Technologies Customers: 900
No. of Fluence Technologies Enterprise Applications Customers: 900
No. of Fluence Technologies Cloud Customers: 900
No. of Fluence Technologies Cloud Subscribers: x
Fluence Technologies has managed to forge strong relationships with over 900 customers worldwide, a testament to their dedication and focus on customer satisfaction. These customers primarily come from mid-market companies across North America and Europe.
Fluence Technologies Market Opportunities, M&A and Geo Expansions
Fluence Technologies successfully closed a substantial Series A funding round in May 2021, securing an impressive $10 million USD investment from esteemed investors, Banneker Partners. This infusion of capital not only bolsters their financial standing but also serves as a testament to the confidence and support their offerings have garnered from the investment community. This financial backing enables Fluence to seize new opportunities and reinforces their capacity to drive innovation and expansion across various markets.
Fluence Technologies Risks and Challenges
Fluence Technologies faces a diverse set of risks, both internal and external, in the fragmented, rapidly evolving, and highly competitive market for financial consolidation software. To ensure continued relevance, the company must strategically allocate resources to enhance its product portfolio. By doing so, Fluence can effectively address market challenges and maintain a competitive edge.
Fluence Technologies Ecosystem, Partners, Resellers and SI
During 2022, Fluence achieved a significant milestone with the launch of its PartnerStack portal, which supports its newly introduced Referral Partner and Reseller Partner programs. Notably, the company experienced remarkable growth in partnerships, surpassing 100% in 2021.
In June 2022, Fluence strategically collaborated with pmOne Group, extending the latter's modular offering for optimizing critical finance processes. This strategic partnership not only fortifies Fluence's presence in the European market but also enhances its capabilities to deliver cutting-edge solutions to meet the evolving needs of finance professionals in the region.
Fluence Technologies Cloud Infrastructure Insights
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- Fluence Technologies Public Cloud and Infrastructure (IaaS)
- Fluence Technologies Platform (PaaS)
- Fluence Technologies Application Delivery
- Fluence Technologies 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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