8common Strengths, Domain Expertise, and Key Differentiators
8common’s software solutions help customers get organized, boost productivity, and deliver results. 8common has three core products: Expense8, CardHero, and Payhero. Expense8 platform is a provider of end to end travel expense management software, card application and management. CardHero (Corporate Payments and Funds Disbursement) and PayHero (Procurement Payments) initiatives deliver fintech payment solutions and revenue models targeting similar clients as Expense8.
8common Recent Developments
In July 2020, CardHero has gone live with the first transaction processed on the platform. The CardHero platform combines EML Payments issued pre-paid Mastercards with 8common’s Expense8 spend reconciliation solution. The CardHero platform will provide a seamless funds and expense management process for the end-user, reducing administrative time spent on validating and reconciling expenses and streamlining 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.
Ownership: - ASX: 8CO
Number of Employees: 60
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
8common Key Enterprise and Cloud Applications
Expense8, CardHero, Perform8, PayHero
8common Revenues, $M:
|Type/Year||2019||2020||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:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
8common Enterprise Applications Revenues By Functional Markets, $M:
8common Enterprise Applications Revenues By Verticals, $M:
8common Revenues By Region, $M
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
8common Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
8common Customers - Breakdown by Geo, Size, Vertical and Product
No. of 8common Customers: 300
No. of 8common Enterprise Applications Customers: 300
No. of 8common Cloud Customers: x
No. of 8common Cloud Subscribers: 166000
8common’s software solutions help customers get organized, boost productivity, and deliver results. Customers range from publically listed companies, global corporations, local and national governments in Australia, and Asia, through to companies in North America. Its client base of more than 166,000 platform users include enterprise customers Woolworths, Broadcast Australia, Amcor, and over 158 state and federal government entities.
8common Market Opportunities, M&A and Geo Expansions
In June 2021 Woolworths Group has extended its contract with Expense8 for an additional two years representing estimated revenue of $140,000 for the initial term. As part of the extension, Woolworths will have the future option to access 8common’s integrated card payment and expense management solution, CardHero.
8common Risks and Challenges
8common appointed Andrew Bond as CEO.
8common Ecosystem, Partners, Resellers and SI
8common worldwide headquarter is located in Australia and has mostly direct sales.
8common Cloud Infrastructure Insights
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- 8common Public Cloud and Infrastructure (IaaS)
- 8common Platform (PaaS)
- 8common Application Delivery
- 8common Private Cloud and Data Centers
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).
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