On track to integrate corporate services on one single network - UnifiedPost
On track to integrate corporate services on one single network
La Hulpe, Belgium – December 1, 2021, 1.00 p.m. CET, Unifiedpost Group (Euronext: UPG) (Unifiedpost, the Group or the Company) is hosting an Investor Day today.
Highlights
Successful expansion of product portfolio on one single platform
Full scalability of the service allows to extend the offer of standardised products also to medium-sized and larger corporates
On today’s Investor Day, the management team is presenting the Group’s consolidated product range, consisting of highly scalable products for e-invoicing, payment, financing and e-procurement
Economies of scale on the back of one platform and increased flexibility for IT developing activities will lead to cost synergies and margin improvement
Banqup product benefits from decent growth in subscriber base, upselling gaining momentum and low churn
With its recent acquisitions on European level Unifiedpost has successfully expanded its product portfolio on one single network, Crossnet, allowing to connect about 1.5m network members. Crossnet provides all functionalities, including all value-added services, as well as all connections between customers and their business partners. At today’s Investor Day, the management team presents the Group’s consolidated product range, now fully consisting of highly scalable products based on combined solutions from Unifiedpost and the recently acquired entities, e.g. Crossinx. As a consequence, Unifiedpost is now able to offer its products ranging from inbound and outbound solutions in the e-invoicing area to value-added functionalities to not just SME’s, but also to medium-sized and larger corporates.
Unifiedpost will now offer two additional product lines for the corporate sector: Channel, an offer for outgoing documents, and Collect for incoming documents. These two services specifically target corporates automating their business processes and exchanging their documents automatically and seamlessly with their business partners.
All three products will include functionalities such as e-invoicing, payment, financing and e-procurement. The service will cover the entire financial supply chain - Europe-wide. As a result, all customers of Unifiedpost are able to communicate with all their business partners handling all ordering and sales processes automatically, thus saving time and money, while at the same time unlock liquidity. All products are tax compliant in more than 60 countries worldwide and ready for integration with partners like e.g. accountants, banks and ERP providers.
As all products of Unifiedpost are developed in-house, competitors have substantial barriers to enter the market. The complete platform represents a compelling and unique offer to customers, which can be extended flexibly. The integration of the extended offer on one single platform will help to achieve cost synergies, which contributes to realise higher margins. Unifiedpost also expects that the expanded range of functionalities should lead to higher recurring revenues also from existing customers in the corporate business area, as special customer requirements in that segment, such as tax compliance or particularly complex connections, have often led to higher project revenues, but not necessarily to a significant higher number of transactions.
While Banqup is currently set to be launched in a number of new markets, experience in e.g. Belgium and the Netherlands demonstrates decent paying subscriber growth, upselling effects gaining momentum and low churn. All these effects support top-line growth and prove the strength of Unifiedpost’s business model.
Enquiries
Hans Leybaert, CEO
+32 477 23 94 80
hans.leybaert@unifiedpost.com
Laurent Marcelis, CFO
+32 477 61 81 37
laurent.marcelis@unifiedpost.com
Investor Relations & Media
Sarah Heuninck
+32 491 15 05 09
sarah.heuninck@unifiedpost.com
About Unifiedpost
Unifiedpost is a leading cloud-based platform for SME business services built on Documents, Identity, Payments and associated finance services. Unifiedpost operates and develops a comprehensive cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers, and other parties along the financial value chain. With its one-stop-shop solutions, Unifiedpost’s mission is to make administrative and financial processes simple and smart for its customers. Since its founding in 2001, Unifiedpost has grown significantly, expanding to offices in 30 countries, with more than 400 million documents processed in 2020, reaching over 1,000,000 SMEs and more than 2,500 corporates across its platform today.
Noteworthy facts and figures:
Established in 2001
Revenue of €146 million (pro-forma 2020)
1,300+ employees
400+ million documents processed in 2020
Diverse portfolio of clients across a wide variety of industries, including banking, leasing, utilities, media, telecommunications, travel, social security service providers, public organisations, ranging from SMEs to large corporates.
Unifiedpost Payments, a fully owned subsidiary, is recognised as a payment institution by the National Bank of Belgium
Certified SWIFT partner
M&A track record of 17 acquisitions in last 9 years
Quoted on the regulated market of Euronext Brussels, symbol: UPG
Warning about future statements: The statements contained herein may contain forecasts, future expectations, opinions and other future-oriented statements concerning the expected further performance of Unifiedpost on the markets in which it is active. Such future-oriented statements are based on the current insights and assumptions of management concerning future events. They naturally include known and unknown risks, uncertainties and other factors, which seem justified at the time that the statements are made but may possibly turn out to be inaccurate. The actual results, performance or events may differ essentially from the results, performance or events which are expressed or implied in such future-oriented statements. Except where required by the applicable legislation, Unifiedpost shall assume no obligation to update, elucidate or improve future-oriented statements in this press release in the light of new information, future events or other elements and shall not be held liable on that account. The reader is warned not to rely unduly on future-oriented statements.
