Unit4, a leader in enterprise cloud applications for mid-market services organizations, announced results for the third quarter ending September 30, 2020.
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Net revenue retention has grown through Q3 to 103.4%. Furthermore, Unit4 saw an increase in YTD cloud subscription revenue of 16% YoY. The company secured a number of notable new customer wins from within its core industries, including Macaw International, Social Work England, Poseidon Marktforschungs- und Servicegesellschaft mbH, and Sitowise.
“Our focus is on our customers and delivering the service and innovation they need to be successful in the face of economic uncertainty,” said Mike Ettling. CEO, Unit4. “We knew the importance of investing in the right areas and focusing on our customers’ business continuity and providing them with the tools to help them stay resilient and responsive. ERPx, our recently announced next-generation cloud ERP solution, will be delivered early next year, redefining what ERP and enterprise software can do for people-centric mid-market organizations.”
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Partner Program Expansion
In Q3, Unit4 reported 65% growth YTD (versus 2019) on the value of contracts via partners demonstrating the traction of its re-focused global partner program. In addition to three new global strategic partnerships announced recently, Unit4 has also entered into a partnership with groupelephant.com, enabling Unit4 to leverage its global presence and experience in designing, building and implementing cloud-based, hybrid and on-premises ERP, HR and Payroll systems for private sector, and Public Sector agencies.
Customer successes working with partners in Q3 included a substantial contract with Surrey County Council in the UK for ERP, HR and procurement, replacing its SAP system. Leigh Whitehouse, Director of Resources, Surrey County Council said: “Our vision for a transformation program meant an end to-end review of the finance, procurement and HR and payroll processes and systems we had in place with our previous IT supplier. We needed a true cloud platform that would deliver high-level business outcomes across the Council ecosystem and Unit4 is the solution to deliver this for us. It will be a bold step change in the user experience, empowering people with accurate and insightful data for enhanced, intelligent decision making, and ultimately future-proofing our workforce.”
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