Solver Announces Record Growth in Cloud Subscriptions
LOS ANGELES, CA. – February 4, 2021 – Solver, ranked among the highest rated companies in customer satisfaction for cloud-based Corporate Performance Management (CPM) by G2, and Dresner Advisory Services today announced a year-over-year increase in cloud subscription revenue of 128%, showing how companies continue to strategically invest in cloud-based CPM software. Solver attributes this growth to its continually enhanced functionality and a growing, strong partner channel.
During 2020, Solver was also recognized in multiple industry studies, including being named the Customer Experience Model Leader in the 2020 Dresner Wisdom of Crowds Enterprise Performance Management Market Study.
Furthermore, with advancements in its cloud platform and recent expansion into global markets in France, Spain and Germany, Solver expects continued significant cloud subscription growth. With a rapidly growing number of cloud-based users, Solver provides the latest cloud updates and features to all of its cloud customers automatically on a monthly basis.
“The pandemic’s impact disrupted many organizations’ processes in 2020, especially static budgeting and planning processes reliant on spreadsheets. The advantages of cloud software became an essential need,” said Nils Rasmussen, CEO at Solver. He continues, “Our ultimate goal is to help our customers drive faster and better decisions across their organizations, and we have several very exciting releases this year that will support this vision.”
One of Solver’s fastest growing international regions is Asia-Pacific. “Last year Solver APAC and our partners achieved steady Cloud growth across the region despite the economic uncertainty.” said Mike Kimbrough, Managing Director of Solver APAC. “The budgeting and forecasting process really has taken center stage during this pandemic. Companies are putting a renewed focus on the need for a centralized, yet flexible budgeting and forecasting system, coupled with an accelerated demand for Cloud solutions.” He continues, “We saw most Solver Cloud subscription growth in Australia and New Zealand (ANZ), largely fueled by the resilience of their respective economies, a robust ANZ partner channel able to quickly adapt, and increased activity around the Microsoft Dynamics Business Central platform.”
Overall, Solver’s growth in cloud subscription customers marks its success in meeting user needs, and along with its dedication to its global partner channel, a bright outlook is expected for the decade ahead.
With a quickly growing community of thousands of global customers and hundreds of partners worldwide, Solver provides a leading cloud Corporate Performance Management suite for Microsoft Dynamics 365 Finance and Operations and Business Central, Acumatica, SAP Business One, SAP ByDesign, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, NetSuite and other ERPs. Solver is ranked in the leader quadrant in the Corporate Performance Management (CPM) Software Grid on G2, and as a Microsoft Gold ISV Partner, Solver has won countless awards, including the Experience leader and Trust Leader in Dresner Advisory Services’ 2020 Industry Excellence Awards, Microsoft BI Partner of Year Award, recognition on the Gartner Group CPM Magic Quadrant, and Best Places to Work for a workplace culture that celebrates customer service, integrity, and innovation. Solver is sold through its 12 global offices and a worldwide network of partners. For any questions, visit www.solverglobal.com or contact Solver at [email protected]