Quadient’s Cloud-based Software Business Experiences Strong Adoption with Growth in New Customers and Usage
December 10 2021 - 2:00AM
Quadient’s Cloud-based Software Business Experiences Strong
Adoption with Growth in New Customers and Usage
- More than
800 net new software customers added in third quarter
- Momentum
driven by strong adoption of communication
automation software as well as AP/AR
solutions
Paris, December 10, 2021
Quadient (Euronext Paris: QDT), a leader in
helping businesses create meaningful customer connections through
digital and physical channels, shared today that its Intelligent
Communication Automation cloud-based software solutions business
gained more than 2,000 net new customers in the first nine months
of the year, 800 of which were added in the third quarter alone.
This milestone marks an acceleration in new customer gains compared
to the year’s first two quarters, with an average represented 13
new software contracts each business day of the third fiscal
quarter ended on October 30, 2021.
Quadient's most recent software solutions
adopters span a variety of industries, including utilities, such as
European companies N-ERGIE and Enel, financial services companies
like Santander and Investec, and insurance company Zurich. In
addition, more and more small and medium businesses are also
adopting Quadient’s hybrid mail and process automation solutions.
Out of the new software customers from the third quarter, 180 of
them selected Quadient’s financial automation solutions, Beanworks
by Quadient for Accounts Payable (AP) and YayPay by Quadient for
Accounts Receivable (AR), as businesses increasingly automate their
financial processes.
Quadient also experienced increased usage of its
software-as-a-service (SaaS) solutions. Communications sent via
Quadient Impress, a document automation solution, and the volume of
processed payments with Quadient’s AP and AR solutions resulted in
a combined growth of more than 26% in platform usage in the third
quarter of 2021, compared to the second quarter.
And continuing the execution of its Back to
Growth strategy, Quadient experiences an acceleration in the shift
of its software model from license to SaaS, resulting in more than
a 20% increase in subscription-related revenue with the new
software contracts secured in the first nine months of 2021.
“I’m proud of our team and thankful to our
growing base of software customers and partners who trust us to
automate their communications and enhance the experience for their
customers,” said Geoffrey Godet, CEO, Quadient. “We will continue
to invest in our suite of cloud-based software solutions to help
companies of all sizes optimize cash flow, simplify business
processes, send communications to gain market share and personalize
meaningful customer interactions all from one single platform.”
Thanks to the synergies implemented across the
company’s sales channels, Quadient is able to directly address the
digital transformation needs of its over 400,000 Mail-Related
Solutions customers, who can benefit from the company’s cloud-based
software solutions to modernize their processes. As evidence of
this synergy, 60% of Quadient’s new software customers are also
Quadient Mail-Related Solutions users. Offering a full range of
solutions that help businesses manage their digitalization needs is
a key differentiator that makes Quadient a strong player in its
markets in comparison to peers.
About Quadient®
Quadient is the driving force behind the world’s
most meaningful customer experiences. By focusing on three key
solution areas, Intelligent Communication Automation, Parcel Locker
Solutions and Mail-Related Solutions, Quadient helps simplify the
connection between people and what matters. Quadient supports
hundreds of thousands of customers worldwide in their quest to
create relevant, personalized connections and achieve customer
experience excellence. Quadient is listed in compartment B of
Euronext Paris (QDT) and is part of the CAC® Mid & Small and
EnterNext® Tech 40 indices.
For more information about Quadient, visit www.quadient.com.
Contacts
Joe
Scolaro, Quadient
|
|
Sandy
Armstrong, Sterling Kilgore |
Global Press
Relations Manager |
|
Director of Media
& Communications |
+1
203-301-3673 |
|
+1-630-964-8500 |
j.scolaro@quadient.com |
|
sarmstrong@sterlingkilgore.com |
- Quadient PR_ICA Momentum Q3_EN_final
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