Visma Acubiz Strengths, Domain Expertise, and Key Differentiators
Founded in 1997, the moniker "Acubiz" is a blend of "Accurate Business." Specializing in fintech, Acubiz focuses on streamlining processes in Expense management and associated administrative duties.
Acubiz introduced Acubiz Time, a comprehensive solution designed for swift and uncomplicated time registration for employees, managers, as well as HR and finance departments. It facilitates efficient recording of various aspects such as work hours, vacation, leave, sickness, and time spent on internal or external projects and client cases. The solution is structured around two modules, allowing users to tailor their choice based on specific needs.
Visma Acubiz Recent Developments
In February 2023, VAI entered into a strategic partnership with Avalara, introducing sophisticated tax solutions seamlessly integrated into ERP software applications for their global clientele. As an integral participant in Avalara's "Certified for AvaTax" program, VAI ensures the highest level of performance, thereby delivering an optimal customer experience. Through this collaboration, VAI customers now have the option to leverage Avalara’s AvaTax for real-time sales and use tax calculations within VAI’s S2K Enterprise application during the checkout or billing processes.
Building on this commitment to innovation and strategic partnerships, in October 2020, VAI unveiled S2K 6.2. This latest iteration introduces efficiencies and advancements in Warehouse Management, Supply & Demand Planning, Mobile applications, and Analytics. Notably, it enhances the integration between Marketing, Sales Force Automation, and e-commerce applications. Simultaneously, VAI introduced its " On Cloud" branding, symbolizing the evolving transition from on-premise ERP operations to cloud-based solutions.
Further demonstrating its dedication to technological advancement, in September 2019, VAI released an upgraded version of its flagship enterprise resource planning solution, S2K 6.1. This enhanced iteration incorporates advanced features, including refined inventory management, integrated CRM and marketing, and improved analytics and mobile applications. S2K 6.1 empowers users with automated lead-scoring capabilities, contributing to heightened website traffic and increased conversion rates. Clients utilizing S2K 6.1 gain access to advanced functionalities for supply and demand planning, as well as streamlined inventory management.
In April 2019, VAI strategically expanded its workforce in key domains, including analytics/business intelligence, quality assurance, programming, and research and development. This strategic augmentation aligns with the company's growth strategy, particularly in sectors such as food, pharmaceuticals, HVAC and plumbing, and electrical and medical supply.
Reflecting on the accomplishments of 2018, VAI experienced substantial revenue growth and organizational expansion, marked by the acquisition of additional office space and the establishment of valuable alliances. Culminating the series of advancements, in November 2018, VAI launched the S2K Marketing Cloud Powered by ActiveCampaign. This innovative platform seamlessly integrates with the S2K Sales Force CRM solution, automating and streamlining marketing, sales, and business functions. The S2K Marketing Cloud, powered by ActiveCampaign, serves as a sophisticated marketing automation tool, enabling marketers to optimize their email marketing endeavors. Leveraging subscriber actions and behavior, users can strategically tag profiles, allowing for targeted engagement based on individual buying behavior. This robust tool empowers marketers to segment their contact lists, significantly enhancing the precision and effectiveness of their email campaigns.
Visma Acubiz Mergers and acquisitions (M&A) Activities
In December 2021, Acubiz became part of Visma Enterprise through acquisition. Visma's core mission revolves around simplifying and automating intricate processes to empower individuals, and the inclusion of the Acubiz solution in its portfolio serves to further advance this mission.
Visma Acubiz Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Visma 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 Visma 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.
Visma Acubiz Overview
Ownership: - x
Number of Employees: 60
Functional Market: Absence and Leave Management, Time and Attendance,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, 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,
Visma Acubiz Key Cloud and HCM Applications
Acubiz Invoice, Acubiz Time
Visma Acubiz HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
---|---|---|---|
Total Revenues, $M | Subscribe | Subscribe | Subscribe |
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.
Visma Acubiz Revenue Breakdown by Type:
Visma Acubiz HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Visma Acubiz HCM Applications Revenues By Verticals, $M:
Visma Acubiz Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
---|---|---|---|
Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Visma Acubiz Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
---|---|---|---|
Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Visma Acubiz Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Visma Acubiz Customers
No. of Visma Acubiz Customers: 1000
No. of Visma Acubiz HCM Applications Customers: x
No. of Visma Acubiz Cloud HCM Customers: 1000
No. of Visma Acubiz Cloud HCM Subscribers: 300000
Acubiz boasts a client base exceeding 1,000, with over 300,000 users across 52 countries. Notable clients include The Miinto Group, KAB, the Danish Football Association, Pandora, Red Barnet, Sparinvest, Unicef, and various others.
Visma 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 forged a strategic partnership with Nordea, the financial services group in the Nordics. This collaboration enables Nordea's Danish business customers to benefit from a consolidated solution featuring First Card credit cards and Acubiz's proven and innovative expense management software. The First Card payment cards provided are fully-featured Mastercard credit cards accepted globally.
In 2018, Acubiz achieved a revenue of DKK 34 million, reflecting a 17% increase compared to the previous year. This growth was propelled by both acquiring new customers and expanding partnerships with existing ones. Accompanying this expansion, there was a need for additional staff, resulting in the company concluding 2018 with a workforce of 38 employees.
Visma Acubiz Risks and Challenges
The expansion beyond the Nordic market carries the inherent risk of encountering unfamiliar business environments, potentially leading to difficulties in adapting to diverse cultural nuances, regulatory landscapes, and competitive dynamics. Inadequate preparation and a lack of market-specific knowledge may pose significant obstacles to successful market penetration and sustained growth.
Visma Acubiz Ecosystem, Partners, Resellers and SI
In 2021, Sympa, a Nordic-based company partnered with Acubiz to develop and promote state-of-the-art HR software. This partnership is founded on a mutual agreement, allowing Sympa to offer Acubiz services to its customers and prospects, while Acubiz can reciprocally provide Sympa services to its clientele and potential customers. Acubiz collaborates with a range of partners, including Innofactor, Staria, UNIK, Nordea, Integrata, Medius, and numerous others.
Visma Acubiz Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Visma Acubiz Public Cloud and Infrastructure (IaaS)
- Visma Acubiz Platform (PaaS)
- Visma Acubiz Application Delivery
- Visma Acubiz 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/taxonomy
https://www.appsruntheworld.com/FAQ