Advanced Computer Software Group’s financial management software (FMS) has been ranked as having the fourth largest market share in the UK by leading analyst firm Gartner. The Gartner report ‘Market Share: All Software Markets, Worldwide, 2013’ confirms Advanced’s 9.5% share of the UK FMS market, just 0.5% behind third placed Oracle and 7.7% behind second placed SAP.
Advanced’s FMS achieved 16.4% revenue growth between 2012 and 2013, comparing favourably to market share leaders Sage, SAP and Oracle.
Vin Murria, CEO, Advanced Computer Software Group plc, says: “We believe the Gartner report confirms our position in the UK financial management software space. The addition of Exchequer to our FMS portfolio in March 2013 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.”
Colleen Graham et al, Research Director from Gartner says: “Mature economies primarily drove software market growth in 2013, offsetting relative sluggishness in emerging markets. Organisations in the middle of a multi-year transition are investing in technologies to support existing systems, while leveraging cloud offerings to implement new applications.”
Advanced has 4000 FMS customers and recent new wins include The City of Birmingham Symphony Orchestra, The Roundhouse, Port of Tyne, Elizabeth Shaw Chocolates and Redbridge College. They offer a range of finance systems which are specifically designed for public and private sector organisations of all sizes including Exchequer, OpenAccounts, eFinancials and e5.