Munich-based planfocus Software GmbH, specializing on end-to-end software solutions for driving optimization and cost reduction in the cash cycle, has successfully completed a record year and continues its path of dynamic growth and extending its profitability. With record numbers in terms of revenues and profits, 2018 provided the best results in the company’s history to date.
The results were possible through three main factors: First, a significant increase in our global customer base, both in our existing markets as well as through expansion into new markets with high growth potential together with our valued partners. Second, through the successful market introduction of our cloud-based SaaS service model Active Cash Management. And third, through sustained successful deliveries to our renowned customers from the financial service industries, who we are grateful for their continued trust in us.
In terms of market expansion, planfocus has significantly added business activities in the regions of Eastern Europe, Middle East, LatAm, North America, and United Kingdom – with numerous new reference clients.
To build out planfocus‘ market position further, the company is continuing to ramp up its team across all functional areas, at the core R&D and business development, after doubling the size of our office facilities in Munich in 2018. These investments also enable us to drive new major software release V7.0, which is on course for pilot customers in the Fall of 2019 – with major architectural and performance improvements, supporting the top-tier global market of FIs, FI data centers and service providers in the industry.
In the light of the sustained positive developments, planfocus leadership is confident to maintain its strong growth course as the market for cash management services continues to grow worldwide, led by (1) ongoing cost pressures for FIs, (2) resulting managed service outsourcing, and (3) cash automation succeeding in retail cash management. With cash continuing to be the #1 choice of consumers worldwide and cash automation being a sustained growth market, planfocus has nowhere to go but to continue to expand its global leadership position for innovative cash automation solutions.