TotalSoft Strengths, Domain Expertise, and Key Differentiators
TotalSoft stands out as a prominent provider of comprehensive business software systems, encompassing ERP, HCM, CRM, DM, BI, and specialized integrated solutions tailored for major industries like leasing, retail, medical services, agriculture, construction, and more. Operating in Central and Eastern Europe, the company boasts a team of over 600 specialists and engages in projects across more than 40 countries spread over five continents.
Among its flagship offerings is Charisma ERP, a highly integrated information system designed to streamline companies' resource management. Notably, it incorporates a financial leasing software module that optimizes contract management and financial leasing operations tracking. From initial contract preparation with potential customers to the finalization of agreements, the solution ensures compliance with various legal frameworks, financing packages, reporting formats, customer debts, IFRS regulations, languages, and business flows.
Moreover, Charisma Leasing Management takes center stage in providing Basel 2 Reporting (light, Standardized, Advanced IRB approach) and SEPA readiness. Recognized as one of the most popular leasing solutions in Europe, this software has been ranked among the top 10 most powerful leasing software solutions globally by KPMG. Such cutting-edge features underline TotalSoft's commitment to offering innovative and industry-leading solutions to its diverse clientele.
TotalSoft Recent Developments
In recent years, TotalSoft has witnessed significant developments and achievements, solidifying its position as one of Central Europe's most crucial providers of business software systems. In 2020, the company invested in enhancing its established products, including Charisma ERP, Charisma Financial Services, Charisma HCM, and Charisma Medical Software, by migrating them to web-based architectures. These advancements have enabled TotalSoft to deliver more agile and user-friendly solutions to its clients.
TotalSoft Mergers and Acquisitions (M&A) Activities
In 2020, TotalSoft experienced noteworthy growth through acquisitions from the local market. ABS Financial Services, a subsidiary of TotalSoft, successfully acquired the business portfolio from Nexia CRG Expert, a member of Nexia International, a prominent global network of independent accounting and consulting firms. This strategic move strengthened TotalSoft's position and contributed to the company's overall development.
In 2018, TotalSoft further solidified its position through the acquisition and integration of Architected Business Solutions (ABS), a Bucharest-based group, bolstering its capabilities and expertise.
In 2016, Logo Yazılım (LOGO), Turkey's largest independent software provider with a sizable team of approximately 600 employees and 800 business partners, acquired TotalSoft. This strategic decision formed part of Logo's global expansion strategy and aimed to establish a competitive edge in specialized verticals, including financial services, leasing, medical, and agriculture.
TotalSoft Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying TotalSoft 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 TotalSoft 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 Charisma ERP, Charisma HCM customers.
TotalSoft Overview
Global City Business Park, 10 Bucuresti-Nord Road, Building O2, 8th Floor
Voluntari, x, 77190, Romania
40 21 335 1709
https://www.totalsoft.ro/
Ownership: - Logo Business Solutions
Number of Employees: 600
Functional Markets: Analytics and BI, Content Management, CRM, ERP Financial, ERP Services and Operations, HCM, PPM, Procurement, SCM,
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,
TotalSoft Key Enterprise and Cloud Applications
Charisma ERP, Charisma HCM
TotalSoft 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.
TotalSoft Revenue Breakdown By Type, $M:
TotalSoft Enterprise Applications Revenues By Functional Markets, $M:
TotalSoft Enterprise Applications Revenues By Verticals, $M:
TotalSoft 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 |
TotalSoft Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
TotalSoft Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified TotalSoft Customers
No. of TotalSoft Customers: 1000
No. of TotalSoft Enterprise Applications Customers: 1000
No. of TotalSoft Cloud Customers: x
No. of TotalSoft Cloud Subscribers: x
TotalSoft’s flagship B2B solution is Charisma Business, a powerful software suite trusted by over 1,000 clients. With a history spanning more than 29 years, Charisma is driving significant changes in industries like financial services, retail, distribution, production, construction, agriculture, energy, medical, and services.
Charisma Leasing Management boasts an extensive client base comprising over 100 esteemed customers from the financial services sector, encompassing leasing, banking, insurance, and brokerage corporations. Among its notable clientele are prominent names such as RCI Leasing, Deutsche Leasing, OTP Leasing, Mercedes Leasing, MedLife, Mediplus, Marmosim, Caroli Foods, Banca Transilvania, Arsis, Ana Pan, Agricost, Raiffeisen Leasing, BNP Paribas, and several other leading industry players. This substantial and diverse roster of clients serves as a testament to the solution's reliability, efficiency, and effectiveness in catering to the unique needs of various financial institutions and enterprises.
TotalSoft Market Opportunities, M&A and Geo Expansions
In the fiscal year 2022, TotalSoft attained a noteworthy 26% annual growth in revenue, underscoring the company's preparedness for substantial expansion and sustained growth.
In 2020, TotalSoft prioritized initiatives to enhance employee autonomy, encourage initiative, and boost market agility. The successful implementation of a novel working model, known as "a team of teams," played a pivotal role in achieving these objectives. Consequently, customers have experienced improved interactions with TotalSoft, spanning sales, implementation, post-implementation, and development processes. Notably, TotalSoft's leadership in the Romanian ERP Software Market further reaffirms its commitment to excellence and innovation in delivering exceptional products and services.
TotalSoft Risks and Challenges
Despite its strong position, TotalSoft faces certain risks and challenges that need to be addressed:
a) Internal Risks: The integration of newly acquired businesses and talent could lead to internal operational challenges and cultural differences that may need careful management.
b) External Risks: The rapidly evolving technology landscape and dynamic market conditions require TotalSoft to stay agile and adaptive to meet changing customer demands and fend off competition.
c) Go-to-Market Challenges: Successfully expanding into new regions may require tailored marketing strategies, localized product adaptations, and regulatory compliance to establish a foothold in diverse markets.
TotalSoft Ecosystem, Partners, Resellers and SI
TotalSoft has established strategic partnerships with industry-leading technology companies, including Microsoft, Oracle, IBM, and Tableau. These collaborations underscore TotalSoft's commitment to integrating cutting-edge technologies into its offerings, ensuring its clients benefit from state-of-the-art solutions and services.
TotalSoft Cloud Infrastructure Insights
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- TotalSoft Public Cloud and Infrastructure (IaaS)
- TotalSoft Platform (PaaS)
- TotalSoft Application Delivery
- TotalSoft 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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