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Advanced achieves 21.8% revenue growth for financial management software in 2014

23 April 2015 – Advanced Computer Software Group’s (Advanced’s) 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 Computer Software Group Limited, 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 systems 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.

Advanced 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

Disclaimer:

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

-ENDS-

About Advanced Computer Software Group Limited

Advanced Computer Software Group Limited (Advanced) is a leading supplier of software and IT services to both public and private sectors which assist organisations to improve efficiency and reduce costs.

In 2014, the Group won Tech Company of the Year in PwC’s UK Tech Awards.
Advanced was also ranked in the Deloitte UK Fast 50, which recognises the 50 fastest growing technology companies in the UK and ranked in the top 300 technology companies in Deloitte’s EMEA rankings.

The Group operates as three divisions:
Advanced Health & Care sells a range of products to the NHS and private healthcare sector including patient workflow management for urgent and unplanned care providers; patient case management for social care providers; mobile applications for care in the community providers and rostering applications for social care settings.

Advanced Business Solutions provides accounting, payroll, HR, CRM and document management solutions to local authorities, healthcare organisations, law firms and private sector businesses including banks, manufacturers, retailers, charities and travel companies.

Advanced 365 delivers managed services to support Group products and to a wide range of customers including banks and financial institutions, membership bodies and healthcare organisations. Services can be delivered either on-premise or as cloud-based models depending on customers' requirements.

www.advancedcomputersoftware.com

Press contact:
Angela Mycock, Head of PR
T: +44(0)1625 856 513
pr@advancedcomputersoftware.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Advanced in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.