Legerity Strengths, Domain Expertise, and Key Differentiators
Legerity helps clients deliver complex accounting changes. Legerity’s FastPost Accounting Rules platform provides a 3rd generation solution that meets the new IFRS 9, 15, 16, and 17 accounting standards. Legerity FastPost standardizes data across the enterprise to deliver benefits: simplified processing, improved reporting, faster close, reduced cost, and future-proof scalability.
FastPost is offered both as a Software and Platform as a Service – SaaS, and PaaS. 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
Legerity FastPost is an alternative to traditional lease management systems, which cannot offer the detailed accounting rules, calculations and multi-GAAP processing required by IFRS 16. Enable 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: 35
Functional Markets: ERP Financial, ERP Services and Operations,
Key Verticals: Banking and Financial Services, Communications, Insurance,
Legerity Key Enterprise and Cloud Applications
Legerity FastPost
Legerity 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.
Legerity 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% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | 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 | 2020 Total Revenues, $M | 2020 Enterprise Applications Revenues, $M | 2020 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
In June 2021, Hastings Group and Swan Life Ltd's largest insurers have selected Legerity’s FastPost Express for IFRS17 solution to help it transition to the new International Financial Reporting Standard (IFRS17). The new standard takes effect from January 2023 and is one of the most significant changes to accounting in the insurance sector in years.
Legerity recent customer win includes 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
Legerity opened a new office in Hong Kong, spreading its influence in the Asian market. They also welcomed Peter Haslebacher, who will drive Legerity’s business development in the Asia Pacific region.
Legerity company is an affiliate with London Business School and its VC investment arm, Sussex Place Ventures. Other parts 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 sales are primarily, but also have indirect sales through authorized 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:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
Copyright © 2022, APPS RUN THE WORLD