Acubiz Strengths, Domain Expertise, and Key Differentiators
The name Acubiz stands for "Accurate Business", and the company has been in existence since 1997. Acubiz is a fintech company that works with optimization of processes within Expense management and related administrative tasks.
Acubiz launched Acubiz Time. Acubiz Time is a fully-featured solution for fast and simple time registration for both employees, managers, and the HR and finance departments. Registrations like work hours, vacation, leave, sickness, and time consumption related to internal or external projects and client cases become easy and fast. The solution is built around two modules, so you can choose according to your requirements.
Acubiz Recent Developments
In 2021, Acubiz welcome Fiscales as a new partner. Fiscales serves its customers with financial administration services, taxation, accounting, and reporting services. With Acubiz in the backpack, along with Fiscals’ other offerings, they can now address companies with a market-leading tool for managing administrative processes related to all types of employee-initiated expenses. Fiscales, headquartered in Finland, has an extremely strong presence in their home country. This partnership, therefore, fits perfectly with Acubiz expansion and growth strategy for the Finnish market.
Acubiz Mergers and acquisitions (M&A) Activities
In December 2021, Visma Enterprise acquired Acubiz. Visma’s mission is to simplify and automate complex processes to empower people, and the Acubiz solution will support this mission as an addition to the existing portfolio.
Acubiz Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Acubiz 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 Acubiz 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 Acubiz Invoice, Acubiz Time customers.
Ownership: - x
Number of Employees: 50
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K564, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Acubiz Key Cloud and HCM Applications
Acubiz Invoice, Acubiz Time
Acubiz HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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.
Acubiz Revenue Breakdown by Type:
|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%|
Acubiz HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Acubiz HCM Applications Revenues By Verticals, $M:
Acubiz Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Acubiz Direct vs Indirect sales
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Acubiz Customers - Breakdown by Geo, Size, Vertical and Product
No. of Acubiz Customers: 1000+
No. of Acubiz HCM Applications Customers: x
No. of Acubiz Cloud HCM Customers: x
No. of Acubiz Cloud HCM Subscribers: 215000
Acubiz has 1,000+ customers (and over 190,000 users in 45 countries). Among Acubiz customers are The Miinto Group, KAB, Danish Football Association and others.
Acubiz Market Opportunities, M&A and Geo Expansions
In 2021, Acubiz signed a partnership with Innofactor meaning that Innofactor will be a reseller of the full Acubiz portfolio of digital and automated Expense Management services. Innofactor is headquartered in Finland and has offices and operations throughout all the Nordic countries.
In 2019, Acubiz and Nordea financial services group in the Nordics, has entered a strategic partnership. This means that Nordea's Danish business customers now have access to a bundled solution with First Card credit cards and Acubiz’ innovative and tested software for managing expenses. The First Card payment cards are fully featured Mastercard credit cards that work across the globe.
In 2018, Acubiz has realized a turnover of DKK 34 million, which corresponds to a 17 % growth compared to the year before. The growth has been driven by continued customer acquisition alongside the expansion of engagements with existing customers. The growth has also called for a staff increase, which means that the company exited 2018 with 38 employees.
Acubiz Risks and Challenges
Expanding beyond the Nordic market is a challenge.
Acubiz Ecosystem, Partners, Resellers and SI
In 2021, Nordic-based Sympa develops and markets in-class HR software as Acubiz newest partner. The partnership is based on a mutual agreement meaning that Sympa can bring the Acubiz services to their customers and prospects. Likewise, Acubiz can bring Sympa services to our customers and prospects.
Acubiz Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Acubiz Public Cloud and Infrastructure (IaaS)
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- Acubiz Application Delivery
- Acubiz 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).
For additional information on our methodologies, here's the link:
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