ERP Maestro Demonstrates Over 800% Annual Recurring Revenue Growth
Growth fuels adoption of automated access controls for businesses running SAP® worldwide.
WESTON, FL (PRWEB) NOVEMBER 12, 2015
ERP Maestro today announced significant company growth of over 580% in subscriptions and 845% in annual recurring revenues over the last 4 quarters. The company’s cloud-based Access Analyzer solution and software-as-a-service (SaaS) subscription model have been received favorably in the marketplace as organizations of all sizes increasingly adopt this simpler, more efficient and cost-effective way to begin automating segregation of duties (SoD) analysis, emergency access management and compliant provisioning in SAP environments.
The company has met the increased market demand with ongoing investment in expanding the sales force in the U.S. and continued acceleration of a global partner network. Its international roster of partners now spans 15 countries and four continents, ranging from boutique SAP and Governance, Risk and Compliance (GRC) consulting firms to leading technology integrators and major accounting firms.
“As we approach our 100th customer, we are thrilled to see the market response to Access Analyzer and our subscription plans,” said Keith Altman, Senior VP of Worldwide Sales at ERP Maestro. “Managing segregation of duties and access controls is a real challenge companies of all sizes all over the world are facing, and ERP Maestro is empowering them to address this challenge, pass corporate audits and get compliant.”
The growth in client base has not only been international but diverse, reaching into several industries from manufacturing to energy and insurance to retail. “The fact that ERP Maestro has multiple clients audited by the Big 4 gave us comfort that their rulebook is following best practices,” said a Manager of SG&A at a major label manufacturer. “After the very fast setup, we realized the full scope of the risk at hand. It then helped us quickly address the issues in a well thought out, prioritized and methodical way.”
Gartner estimates that by 2019, 50% of organizations with complex business applications requiring SoD risk analysis will adopt products or services offering SoD controls monitoring capabilities, up from 30% today, according to its April 28, 2015 “Market Guide for SOD Controls Monitoring Tools” by Anmol Singh and Brian Iverson(i). This year especially organizations are finding it more difficult to pass audits due to regulatory demands and higher expectations from external auditors, which is helping to drive this momentum.
“I am extremely proud of the extraordinary results the team has been able to achieve in the last year, and this is just the beginning,” said Jody Paterson, CEO and Co-Founder of ERP Maestro. “I am looking forward to continuing the momentum in 2016 with additional investments in our platform, expanding our global footprint, and above all ensuring our customers’ success with ERP Maestro.”
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(i)Market Guide for SOD Controls Monitoring Tools; 28 April 2015; Anmol Singh, Brian Iverson
About ERP Maestro
ERP Maestro is the only cloud-based solution that automates access controls in SAP®. With no upfront cost and a 30-minute setup, ERP Maestro automatically monitors segregation of duty (SoD) compliance, sensitive access, emergency access and compliant provisioning – allowing organizations to prevent fraud, pass corporate access audits and comply with regulatory and legislative requirements. Risk management is real-time and continuous, and audit-ready reporting is available out of the box. ERP Maestro has been recognized by Gartner as a representative vendor for SoD Monitoring Tools and honored by analyst firm GRC 20/20 with both the 2014 GRC Innovation and Value Awards. To learn more visit
To learn more about ERP Maestro’s growth, read the full press release here.