Deskera Strengths, Domain Expertise, and Key Differentiators
Deskera is a large cloud-based software company based in the USA and in South-East Asia and India which offers a powerful cloud-based platform to millions of SMEs globally. SMEs use the one integrated platform to run accounting, payroll, CRM, HR, and inventory.
Deskera Recent Developments
In April 2021, Deskera and Wise team up to make international payments faster, easier and cheaper for small businesses. With Wise integrated right into Deskera, small businesses using Deskera can automate the entire process of making payments abroad — from creating bills by scanning documents, to setting up reminders for timely payments, to sending the actual payments — without having to worry about exchange rates, forex gain/loss, and high transaction fees. Deskera lets small businesses create and manage a bill by simply scanning the document with their phone camera, or just add one in less than a minute, in any currency. It’s easy to track accounts payable in foreign currencies with Deskera Books.
In 2020, Deskera Launched its Deskera Mobile App which gives the customers all the key accounting functions they need to track their financial health easily and accurately at any time.
In December 2018, Deskera partnered with ExperD one of the key players in the IT services market in South-East Asia. Through this association, both the organizations can now leverage their combined strength to help SMEs move towards digitization.
In May 2017, Deskera, started partnership with Alibaba Cloud, the cloud computing arm of Alibaba Group, to provide a holistic solution to customer requirements in the exponentially expanding Software as a Service (SaaS) segment in the Middle East, Africa, India and China. The collaboration will leverage Deskera's integrated business suite consisting of ERP, CRM, HRMS, Project Management and Learning Management software and Alibaba Cloud's industry leading marketplace and Infrastructure as a Service (IaaS) capabilities.
Deskera Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Deskera 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 Deskera 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 Deskera ERP, Deskera CRM, Deskera People, Deskera Reports, Deskera Shop customers.
Ownership: - x
Number of Employees: 400
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Professional Services, Retail, Transportation, Utilites,
Deskera Key Cloud and HCM Applications
Deskera ERP, Deskera CRM, Deskera People, Deskera Reports, Deskera Shop
Deskera HCM and Cloud HCM Applications Revenues, $M:
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* 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.
Deskera Revenue Breakdown by Type:
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Deskera HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
Deskera HCM Applications Revenues By Verticals, $M:
Deskera Total and HCM Applications Revenues by Region:
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Deskera Direct vs Indirect sales
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Deskera Customers - Breakdown by Geo, Size, Vertical and Product
No. of Deskera Customers: 25000
No. of Deskera HCM Applications Customers: 25000
No. of Deskera Cloud HCM Customers: 25000
No. of Deskera Cloud HCM Subscribers: 500000
More than 25,000 businesses, and approximately 500,000 users, manage their business using Deskera's integrated suite of cloud solutions. Since its inception, the organization has had a singular mission to help SMEs by providing them access to leading-edge technology. Deskera is committed to work towards that goal and drive more connectivity and inclusivity for SMEs.
Deskera Market Opportunities, M&A and Geo Expansions
Though often overlooked, small businesses form the backbone of every economy around the world accounting for 90 percent of businesses and up to 70 percent of global employment. Deskera aims to equip these small businesses with the technology and tools they need to manage their business no matter where they are in the world, especially as they look to scale in a global and connected economy.
In November 2018, Deskera raised over US$60 million from a host of investors, including Jungle Ventures, Cisco Investments, Tembusu Partners, Susquehanna International Group and Innoven Capital. The funding will be used for research and development as well as better integration of its enterprise resource planning (ERP) system onto the Networked Trade Platform (NTP). The NTP is Singapore's new one-stop digital trade platform serving as a single-window for all customs and trade-related services. Deskera also aims to add more innovative solutions to its portfolio and continue its expansion into the US, Indonesia, Australia, and the Philippines. Deskera drew in S$42 million in revenue in the financial year 2016. The firm crossed its S$100 million target in FY2017, which was a hugely successful year due to huge growth in India and South-east Asia.
Deskera Risks and Challenges
COVID-19 shutdowns have hammered the viability of small and mid-sized enterprises (SMEs). Almost 80% of SMEs report that they are doing worse since COVID-19 hit. Smaller businesses fared worse overall as well as businesses dependent on in-person, physical locations. It's an open question if SMEs in SE Asia are willing and able to spend on tech in the near future.
Deskera Ecosystem, Partners, Resellers and SI
Daskera has 8 offices in Singapore (HQ), Malaysia, Indonesia, Philippines, the USA, and India.
At the end of 2018, Deskera partnered with two more companies such as PTC Systems an IT system integrator that has proven its expertise in providing enterprise data management solutions for years. As part of this strategic collaboration, Deskera will be expanding its presence in ASEAN.
At the same time, this association will strengthen PTC system's cloud-based ERP solutions portfolio. And the other partnership with Michael Faith Consultants Group, a Singapore-based advisory, and consultancy group of firms that specialize in providing a wide repertoire of comprehensive corporate and management consultancy services.
Deskera Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Deskera Public Cloud and Infrastructure (IaaS)
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- Deskera Application Delivery
- Deskera 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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