Tecsys Strengths, Domain Expertise, and Key Differentiators
TECSYS provides enterprise supply chain management solutions and is a visionary and technology leader in warehouse management software. TECSYS staff are unrivaled warehousing and distribution experts who know, and serve, the healthcare supply chain and high-volume distribution markets.
TECSYS customers operate in many industries, such as healthcare, heavy equipment, service parts, giftware, industrial goods, and third-party logistics. The Company's service offerings include business consulting, project management, system implementation, custom enhancements, customer support, and technical services.
Tecsys Recent Developments
In August 2021, Tecsys, a supply chain management software company, announced another significant milestone to its end-to-end Elite Healthcare supply chain execution platform with its end-to-end consolidated pharmacy inventory management solution. Integrating unified visibility and control from the point of reception to the point of use, Tecsys’ consolidated pharmacy inventory management solution extends its consolidated service center model to pharmaceutical supplies, lending the same sophisticated warehouse, distribution, and point of use orchestration software to pharmacy operations. Tecsys’ consolidated pharmacy inventory management solution enables centralized strategic buying, management of pharmaceutical spend, and procurement operations. By employing consolidated service center supply chain practices, the software helps to manage and mitigate drug shortages, reduces inventory and waste, and streamlines operations, all while integrating regulated processes to remain DSCSA compliant and optimize 340B programs.
In September 2018, TECSYS unveiled the availability of an IDN Readiness Assessment for Supply Chain Transformation. The interactive tool guides IDN leadership through a cross-functional view of their business and generates a quantifiable measure of the organization's readiness for a consolidated supply chain strategy.
Tecsys Mergers and Acquisitions (M&A) Activities
In February 2019, Tecsys Inc acquired PCSYS A/S. The organization supports more than 1,000 companies on their journey to achieve supply chain excellence by using robust technology to manage ever-changing requirements and introduce new productivity and cost-saving strategies.
In April 2019 Tecsys has extended its warehouse management system (WMS) with distributed order management (DOM) capabilities following its acquisition of market leader OrderDynamics, providing newfound omnichannel efficiency benefits for customers. This end-to-end technology approach enables 3PL companies, distributors, and retailers, including brand managers, to handle the complexities of multi-faceted fulfillment demands like never before. This is critical as organizations increasingly strive to simplify their operations network-wide while meeting the volatile demands of their customers.
Tecsys Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Tecsys 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 Tecsys 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 planIT, getIT, HouseIT, moveIT, useIT, analyzeIT, smartpanel, smartbin customers.
Tecsys Overview
Ownership: - TCS.TO
Number of Employees: 655
Functional Markets: Analytics and BI, ERP Financial, SCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Consumer Packaged Goods, Distribution, Healthcare, Hospitality, Life Sciences, Manufacturing, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Tecsys Key Enterprise and Cloud Applications
planIT, getIT, HouseIT, moveIT, useIT, analyzeIT, smartpanel, smartbin
Tecsys 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.
Tecsys 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 |
Tecsys Enterprise Applications Revenues By Functional Markets, $M:
Tecsys Enterprise Applications Revenues By Verticals, $M:
Tecsys Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Tecsys Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Tecsys Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Tecsys Customers
No. of Tecsys Customers: 1000
No. of Tecsys Enterprise Applications Customers: 1000
No. of Tecsys Cloud Customers: x
No. of Tecsys Cloud Subscribers: x
Among TECSYS 1000 customers are: Canon, Delmar, Honda, eone, Cleveland Brothers CAT, Aetrex, Humana, Kubota, Leesar, Mayo Clinic, Mercy, Parkview Health, Walter and others.
Tecsys Market Opportunities, M&A and Geo Expansions
In February 2021, Tecsys, a supply chain management software company, announced the appointment of Martin Schryburt as vice president, R&D. Bringing over 25 years of experience in software development, Schryburt is a global R&D business leader with a strong record in building robust and effective product development teams. He joined Tecsys from Nokia, where he led an internationally distributed team of 500+ engineers delivering on product architecture, development, and support. As Tecsys continues its multi-vertical SaaS growth, Schryburt’s extensive global leadership experience will serve to steer the next-gen of supply chain solutions and continue to serve Tecsys’ network of customers with mission-critical supply chain functionality.
Tecsys Inc. has chosen Microsoft to enable intelligent retail by leveraging Microsoft Power BI to power the company’s cloud-native retail order management analytics. Power BI is a cloud-based suite of business analytics tools that empowers retailers and consumer goods companies around the world to gain better insights into their customers, empower employees with modern tools and platforms, deliver on an intelligent supply chain, and ultimately reimagine their businesses.
In November 2018, TECSYS acquired OrderDynamics Corporation, an out-of-the-box distributed order management software based in Richmond Hill, Ontario. In the age of omnichannel fulfillment and heightened retailer and consumer expectations, OrderDynamics has excelled at providing intuitive technology that simplifies the retail supply chain.
Tecsys Risks and Challenges
The Company offers certain of its solutions as Software as a Service (“SaaS”) which will negatively impact revenue and earnings in the transition period and make forecasting its revenue, earnings, and cash flow more unpredictable. The Company significantly began to offer more of its solutions under the SaaS option in fiscal 2019, in addition to its on-premise perpetual license option. Under a SaaS subscription agreement, customers pay a periodic fee for the right to use the Company’s software within a cloud-based environment that it provides and manages over a specified period of time. The Company believes that over time a growing number of its customers and prospects will elect to purchase its solutions as SaaS rather than under an on-premise perpetual license.
While TECSYS experienced a slowing in the new contract signing from the U.S. healthcare sector as a result of uncertainty around health insurance legislation, it continued to expand its clinical logistics solutions and increased penetration in its current customers.
Tecsys Ecosystem, Partners, Resellers and SI
TECSYS partnered with Ryder System, a FORTUNE 500 commercial fleet management, dedicated transportation, and supply chain solutions company, to address the growing challenges of end-to-end supply chains in the health systems market. Ryder and TECSYS will work collaboratively to address these challenges by fusing TECSYS' best-in-class technology with Ryder's industry-leading supply chain solutions. The U.S. health systems market is substantial; it is estimated at some 550-delivery networks and is gradually moving forward to modernize its technology platform to meet the efficiency and support challenges to its business model.
Tecsys Cloud Infrastructure Insights
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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).
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