Talentia Software announces plans to triple its SaaS revenues by 2022 with its Financial Performance and HR management solutions.
Talentia Software, a leading provider of financial and HR management solutions, announces its 3-year growth strategy with international expansion and the acceleration of its SaaS model as its main focus. By 2022 Talentia plans to increase its turnover by 21% and triple its SaaS sales.
According to Pierre Polette, who became head of Talentia Software in October 2018: “Cloud offerings should represent more than 30% of our revenue by 2022 and we expect to achieve total revenue of €80 million by that date, representing a growth of 21% between 2019 and 2022. Talentia has all the assets to become the leader of HR and Finance platforms for mid-size companies. Our promise to simplify the HR and Finance complexity of mid-size companies will be through SaaS and unified platforms combining automation (RPA or Robotic Process Automation), Artificial Intelligence and bots. We will focus our energy to deliver this promise and accelerate our international organic growth. To do this, it is essential to develop a solid and sustainable network of partners. »
Clarify positioning and rejuvenate the brand
The first step in Talentia’s 3-year strategy is to clarify its positioning. Indeed, the company has undergone intensive external growth over the past 10 years and it is time to rework the company’s fundamentals and DNA. Namely; a refocusing on mid-size companies and the development of unified platforms around 2 business areas; HR and Finance, starting from payroll and accounting, which are the company’s 2 historical businesses.
Talentia’s aim: to make the growing complexity of mid-size companies in HR and Finance easier to manage (Complexity made Easier).
The rejuvenation of the brand with the recent announcement of a single brand with a new, younger, more dynamic visual identity is an essential step in Talentia’s transformation strategy.
A new management team around Pierre Polette also marks the step towards accelerating the group’s transformation since its arrival last October with 4 appointments (Philippe Perier, CTO; Claude Lesterlin, CFO; Béatrice Piquer, CMO and Xavier Daguzan, COO France).
Developing international business
Talentia is well established in Southern Europe and plans to strengthen its position there, but above all to develop other territories, primarily Germany, Switzerland, and Canada, which are recently opened territories. Today, the international business already represents 30% of Talentia’s turnover. The challenge is to double this representativeness and to increase it to 60% of revenue outside France by 2022.
To this end, Talentia forecasts a 15% increase in its workforce by 2022 to strengthen its sales, marketing, and R&D teams.
Unified and complete platforms for HR and Finance
Talentia’s strength is in managing the growing complexity of HR and Finance functions faced with new economic, structural and environmental challenges.
The desire to develop integrated, complete and innovative platforms for HR and Finance requires the mid-size companies to benefit from “All-in-one” solutions that enable them to optimize their business processes and manage their activity based on reliable data with a common reference system.
Two platforms with value-added services adapted to the specific problems of mid-size companies are being developed:
The HR platform composed of Payroll, Core HR and Human Capital Management (HCM) solutions
The FINANCE platform composed of financial management, performance management, and consolidation and closing.
To help companies simplify their daily lives and optimize their business processes even better, Talentia also puts innovation at the heart of its strategy and integrates the latest technological revolutions such as Robotic Process Automation, Chatbot, Artificial Intelligence, and Business Intelligence into its platforms.
Develop the ecosystem of integrating partners
Finally, Talentia’s growth to 2022 will require the development of the ecosystem of international partners, mainly integrators, consulting firms, and AMOA partners, with Talentia’s strategic focus on its core business: the design of HR and Finance software solutions for mid-size companies.