verovis GmbH

Based in Germany, verovis GmbH specializes in corporate financial management, offering comprehensive digital solutions for CFO offices, focusing on automation, reporting, and performance enhancement through advanced technologies. Founded in 2015 and headquartered in Munich, Germany, verovis GmbH provides targeted financial management solutions for corporate clients. The company was established to meet a growing demand for digital transformation in finance, without any noted pivots or shifts in its business model. The executive team includes CEOs Bernd Trautwein and Clemens Frank, both experienced in financial management and consulting.

verovis GmbH focuses on delivering a wide array of solutions for corporate financial management. Their offerings include an end-to-end digitalization portfolio aimed at enhancing the CFO office's capabilities. Key products such as SAP S/4 HANA Group Reporting and the verovis T/4 Connect platform integrate functionalities from SAP and Tagetik systems to address diverse industry needs. The company's clientele comprises well-known organizations like Rolls-Royce Powersystems AG, Siemens AG, and Miltenyi Biotec, primarily within the DACH region and expanding into broader European markets.

In the most recent fiscal year, 2022, verovis GmbH reported revenues of USD 357. 69 mn, with an EBITDA of USD 25. 49 mn. The firm operates primarily on a B2B model, providing consulting services and software solutions, where their engagements typically involve long-term partnerships and project-based collaborations.

verovis GmbH is focused on expanding its product offerings and market reach. The company plans to launch new software solutions designed to enhance digital financial management capabilities, although specific release dates are not yet disclosed. Moreover, verovis is targeting expansion into additional European markets beyond the DACH region, with plans to establish a stronger presence by 2025. Recent funding will support these initiatives, emphasizing the development of innovative solutions and market penetration strategies.