ACOM Strengths, Domain Expertise, and Key Differentiators
ACOM develops and delivers Intelligent AP Automation Solutions that help organizations process and pay their B2B disbursements electronically. ACOM is a complete family of integrated accounts payable and payment solutions designed to work with any ERP, financial, and business applications, B2B Payment Processing, and Integrated Accounts Payable Automation.
ACOM Recent Developments
"In August 2020, ACOM Solutions and Eradani declared a new strategic partnership bringing the flexibility of a cloud-based environment to IBMi system users. This collaboration delivers all the cost-effectiveness and productivity benefits of Cloud Computing to organizations using ACOM applications with their IBM i systems. Users can now easily take advantage of IBM i Cloud capabilities like increased computing power on-demand, inexpensive backups, infrastructure cost elimination, ecosystem snapshots, and test environment cloning.
In operation for over 34 years, ACOM Solutions is an AP automation technology leader, specializing in accounts payable and payment optimization for both corporate and public sector clients."
ACOM Mergers and Acquisitions (M&A) Activities
American Express acquired Acompay, a digital payment automation platform from ACOM Solutions. Acompay was developed in 2016 as a digital payment automation solution for accounts payable (AP) departments. The platform integrates with enterprise resource planning or accounting systems and supports checks, automated clearing houses (ACH), and card payments.
Through this acquisition, American Express is continuing to scale its B2B payments and working capital business. The acquisition is subject to customary closing conditions and is expected to close in the second half of 2019.
ACOM Solutions will continue to operate as it does now, supporting core products including; EZPay Suite, EZConnect, EZ Content Manager, Document.
ACOM Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ACOM 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 ACOM 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 ACOM Accounts Payable, ACOMPay, ACOM EDI’s EZConnect customers.
Ownership: - x
Number of Employees: 150
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction, Consumer Packaged Goods, Distribution, K450, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, Life Sciences, Manufacturing, Oil and Gas, Chemicals, Professional Services, Retail,
ACOM Key Enterprise and Cloud Applications
ACOM Accounts Payable, ACOMPay, ACOM EDI’s EZConnect
ACOM Revenues, $M:
|Type/Year||2020||2021||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.
ACOM 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%|
ACOM Enterprise Applications Revenues By Functional Markets, $M:
ACOM Enterprise Applications Revenues By Verticals, $M:
ACOM Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
ACOM Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
ACOM Customers - Breakdown by Geo, Size, Vertical and Product
No. of ACOM Customers: 5000
No. of ACOM Enterprise Applications Customers: 5000
No. of ACOM Cloud Customers: x
No. of ACOM Cloud Subscribers: x
ACOM has been serving the accounts payable, document, and payment needs of more than 5,000 organizations around the world across multiple industries.
ACOM Market Opportunities, M&A and Geo Expansions
In August 2017, ACOM Solutions signed a new strategic partnership with WEX. ACOM and WEX will collaborate on an offering to provide business clients with a complete buyer/supplier integrated payable solution on a cloud-based platform. The addition of ACOM's integrated cloud-based, bank-agnostic payment platform will allow clients to send and receive settlement data from their ERP and financial applications easily and efficiently.
WEX clients will benefit from the simplicity and security of the user-friendly application designed to support current and future payment methods ranging from virtual accounts, discounted EFT and ACH to global payment networks, crypto-currencies and checks through a single platform. Suppliers will receive timely settlement information focused on simplified payment applications.
ACOM Risks and Challenges
Lots of M&A in the payment processing space may reshape the market.
ACOM Ecosystem, Partners, Resellers and SI
ACOM Solutions has strategic partnerships with IBM, Microsoft, Sage, Oracle, QAD, Infor, and Xerox, Blytheco, Mekorma, Pay Assist, Wex, JMT Consulting, SoftTrac, and many others.
ACOM Cloud Infrastructure Insights
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- ACOM Public Cloud and Infrastructure (IaaS)
- ACOM Platform (PaaS)
- ACOM Application Delivery
- ACOM 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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