Treasury Management Enterprise Software Companies

Part
01
of two
Part
01

Treasury Management Enterprise Software Companies (Part 1)

Following the request for a competitive analysis of Kyriba and two other companies, we have completed rows 2-4 of the attached spreadsheet with all requested information, including company website, date founded, market cap, annual revenue, product offerings and featured customers.

METHODOLOGY

In order to complete this request, we have identified the top competitors (offering treasury management services) of Kyriba, with the help of its Owler profile. Next, we have collected all the required data points listed in the criteria of this request. We were unable to found the market capitalization for Kyriba and Reval, as both of these companies are private companies and do not have any investor information on their websites. However, we found the estimated revenue for Kyriba and Reval as the actual revenues were not made public. We have summarized our findings below.

Kyriba

The company was founded in 2000 and is headed by its Chairman and CEO, Mr. Kyriba Jean-Luc Robert. The company's product is its Treasury Cloud Solution, which it offers to clients in form of a SaaS (Software as a service) platform that caters to capabilities including Treasury Management, Risk Management, Supply Chain Finance, Control and Compliance, and Payments. The company has an estimated revenue of $76.7million and caters to over 1,800 organizations including Adecco, Amway, Anthem, BBC Worldwide, Expedia, Autodesk, and Bridgestone.

FSI Global

Founded in 1968, the company is headed by Gary Norcross, the President and Chief Executive Officer. The company is capped at $31.66 billion with an annual revenue of $9.12 billion. FIS Global offers financial technology solutions in retail and institutional banking, payment, asset and wealth management, risk and compliance, trade enablement, transaction processing and record keeping. Their clients include Australian Bureau of Statistics, Maple Fund, Bayer, Modern Woodmen Bank, Alpha Centauri, Atom Bank, and Silvergate Bank.

Reval

This company was founded in 1999 and it offers clients a cloud-based Treasury and Risk Management solution, which it offers as SaaS (Software as a service). The company has an estimated annual revenue of $25 million and 650 clients including Cigna, Hasbro, CA Technologies, Standard Chartered, and Sydney Airport.

Conclusion

In conclusion, we have identified two competitors of Kyriba and have completed rows 2-4 of the attached spreadsheet.

Part
02
of two
Part
02

Treasury Management Enterprise Software Companies (Part 2)

Based on their volume of estimated revenue, Payoneer and Hyperwallet are Tipalti's top competitors. Tipalti's revenue is estimated at about US$5.3 million, while Payoneer and Hyperwallet have estimated revenues of US$163.5 million and US$20 million, respectively. The three companies are privately held companies not obligated by law to publish their respective financial reports. This implies that it is impossible to source their respective market capitalization from the public domain. As requested, our research findings of Tipalti's competitors have been filled in this attached spreadsheet.

Methodology

We started this competitive analysis by researching Tipalti, the already provided company. After extensive research on Tipalti's website, industry reports, press releases, and news articles, we could not source their financial reports from the public domain. However, taking the above step was only to confirm that the requested information was not available in the public domain as private companies are not obligated to publish their financial reports. Next, we tried to find Tipalti's market capitalization by researching their customer base. Our efforts were futile after extensive research as only rough estimates of their customers and those featured on their website was publicly available. We then extended our research and sourced the estimated revenue of Tipalti along with other private companies in their industry reportedly grouped as competitors. Therefore, from the list of companies listed as Tipalti's competitors, we sourced their competitors based on their volume of estimated revenue. Finally, we assumed the first two companies with the highest volume of estimated revenues to be the 'top' Tipalti competitors and have sourced other requested information as per available in the public domain.

Findings

Tipalti, along with most companies reportedly listed as their competitors are privately held companies not obligated by law to publish their financial reports. This means that their market capitalization and related information cannot be sourced from the public domain.

Tipalti

Tipalti, with an estimated annual revenue of US$5.3 million, has a list of 96 customers featured on their website and offer 8 products. Tipalti reported a 200% growth year over year and have over US$2 billion in spend. According to findings from their website, their platform supports over 100 customers and 600,000 global suppliers.

payoneer

With an estimated annual revenue of about US$163.5 million, Payoneer is Tipalti's biggest competitor as per our research findings. The company features only 12 companies on its website and do not have any special product offering. Globally, they claim to have about 4 million users.

Hyperwallet

Hyperwallet has an estimated annual revenue of about US$20 million. Their product offering are categorized under payout solutions with three products; and add-on services with five offering.

As requested, we have filled our research findings in this attached spreadsheet.

Conclusion

Based on their estimated revenues, Payoneer with a revenue of US$163.5 million and Hyperwallet with a revenue of US$20 million are Tipalti's top competitors; Tipalti's annual revenue is estimated at about US$5.3 million.
Sources
Sources