Advanced achieves 21.8% revenue growth for financial management software in 2014
23 April 2014 – Advanced financial management software (FMS) has been ranked as having the third largest market share in the UK by leading analyst firm Gartner. The Gartner report ‘Market Share: All Software Markets, Worldwide, 2014’ * confirms Advanced’s 8.7% share of the UK FMS market.
Advanced’s FMS achieved 21.8% revenue growth between 2013 and 2014, ranking closely behind market share leaders, Sage and SAP which ranked in first and second positions.
Vin Murria, CEO, Advanced says, “We believe the Gartner report confirms our position as a major player in the UK financial management software space.
“The addition of Exchequer to our FMS portfolio combined with strong organic growth has, in our opinion, further strengthened our market position, allowing us to provide customers with a comprehensive choice of finance system that can be delivered either on-premise or as a cloud-based model.”
Advanced has more than 3,500 FMS customers and recent new wins include : Burnley College, Nottingham Students Union and Elizabeth Shaw. The Group offers a range of finance systems which are specifically designed for public and private sector organisations of all sizes including Exchequer, OpenAccounts, eFinancials and e5.
*Gartner “Market Share: All Software Markets, Worldwide, 2014”, 31 March 2015, Reference: G00273284
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