Legerity Strengths, Domain Expertise, and Key Differentiators
Legerity helps clients deliver complex accounting change. Legerity’s FastPost Accounting Rules platform provides a 3rd generation solution that meets the new IFRS 9, 15, 16 and 17 accounting standards in a fast and non-disruptive manner. IFRS 17 is an opportunity to go beyond just compliance. Legerity FastPost standardises data across the enterprise to deliver real benefits: simplified processing, improved reporting, faster close, reduced cost and future-proof scalability. Available as a SaaS cloud-based fully managed service, FastPost provides highly scalable and on demand performance, giving firms’ confidence that IFRS accounting data is available when required.
Legerity Recent Developments
By January 2019 many companies will need to implement IFRS 16 for Lease Accounting which sets out new principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract. Legerity FastPost is the modern and effective alternative to traditional lease management systems, which cannot offer the detailed accounting rules, calculations and multi-GAAP processing required by IFRS 16. Empowering firms with a non-disruptive solution that fully supports lessee and lessor accounting requirements fast-tracking the implementation of IFRS 16.
Legerity Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Legerity 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 Legerity 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 Legerity FastPost customers.
Legerity Overview
Ownership: - Sussex Place Ventures
Number of Employees: 30
Functional Markets: ERP Financial Management,
Key Verticals: Banking and Financial Services, Communication, Life Insurance, P&C Insurance, Specialty Insurance,
Legerity Key Enterprise and Cloud Applications
Legerity FastPost
Legerity Revenues, $M:
| Type/Year | 2018 | 2019 | 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.
Legerity Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Legerity Enterprise Applications Revenues By Functional Markets, $M:
Legerity Enterprise Applications Revenues By Verticals, $M:
Legerity Revenues By Region, $M
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 Enterprise Applications Revenues, $M | 2019 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Legerity Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Legerity Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Legerity Customers
No. of Legerity Customers: x
No. of Legerity Enterprise Applications Customers: x
No. of Legerity Cloud Customers: x
No. of Legerity Cloud Subscribers: x
The Legerity SaaS provides firms with much needed agility, scalability, efficient resource usage and predictable implementation and operating costs for the significant challenge they face with finance transformation programs.A recent customer win include a Telco Company in the Nordics. Some of their other customers are Aegon UK, Bité Group and others.
Legerity Market Opportunities, M&A and Geo Expansions
In June 2019, Legerity opened a new office in Hong Kong, spreading their influence in the Asian market. They also welcomed Peter Haslebacher who will be driving Legerity’s business development in the Asia Pacific region.
Legerity is affiliated with the London Business School and its VC investment arm, Sussex Place Ventures.Part of the Legerity community are also Millennium Consulting, Oracle, Tech Mahindra, Hortonworks, AWS, RegTech Forum and Sussex Place Ventures.
Legerity Risks and Challenges
Gaining market share in the highly competitive Lease Accounting Market will be a challenge for Legerity.
Legerity Ecosystem, Partners, Resellers and SI
Legerity products sales are mostly direct, but also have indirect sales trought authorised business partners, affiliates and agents.
Legerity Cloud Infrastructure Insights
Subscribe to read more about:
- Legerity Public Cloud and Infrastructure (IaaS)
- Legerity Platform (PaaS)
- Legerity Application Delivery
- Legerity 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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