U.S. expansion helps fuel Horváth gains in profits, global market share

ATLANTA, Ga., April 11, 2024 – Horváth, a number one global administration consulting firm, as we speak introduced a big milestone in its newest monetary yr (April 1, 2023 to March 31, 2024) by exceeding 300 million euros ($322 million) in gross sales for the primary time. Along with continued development of over 13%, this pattern outperformed the market and follows a exceptional 23% development for Horváth in the post-pandemic earlier yr.

Continued expansion into worldwide markets, together with the United States and North America, performed a pivotal function in driving development alongside rising operations in the European Union, Central Europe, the United Arab Emirates and different areas in the Middle East. This worldwide push underscores Horváth’s strategic resolution to faucet into new markets and meet the rising demand for transformation providers from global firms.

“Our expansion into the U.S. and North America, significantly in our core choices round ERP transformation, threat administration and efficiency administration, serves as a testomony to our dedication to assembly the evolving wants of our shoppers globally,” mentioned Tony Klimas, president of Horváth USA. “This strategic resolution fuels not solely our development but in addition our capacity to ship sustainable worth and transformative options to our shoppers anyplace in the world.”

The firm’s bold plans for the upcoming monetary yr (2024/2025) additionally mirror its confidence in sustained double-digit development, fueled by its strengthened administration group. The addition of 5 new companions, hailing from Germany, Hungary, Romania, and the Middle East, additional bolsters Horváth’s global presence and helps continued development regardless of the robust financial headwinds confronted by all.

“The proven fact that we’ve grown by a complete of 40 p.c in the Group over the previous two years, which is effectively above the business common, is due not solely to the distinctive dedication of our extremely motivated groups every day, however above all to our extremely sought-after transformation experience and our robust implementation expertise. Our development can also be being pushed by our more and more worldwide enterprise,” mentioned Helmut Ahr, CEO of Horváth. “The large stress for change in all industries and the related want for transformation in our shoppers’ enterprise fashions is bigger than ever earlier than — and it’ll proceed.”

The newly elected companions carry a broad set of expertise, experiences and backgrounds to the desk, reflecting Horváth’s dedication to range and innovation. Notably, they may present experience in digital transformation and using synthetic intelligence (AI) which underscores the corporate’s deal with staying on the forefront of business tendencies and applied sciences.

Further, Maria Boldor, Matthias Emler, Saad Hamam, Vera Koltai, and Tobias Steinhauser, the newly appointed companions, every carry distinctive experience in areas corresponding to transformation initiatives, knowledge science, technique, HR, and procurement, additional enriching Horváth’s capabilities.

Horváth USA additionally just lately introduced the promotion of Nikolas Spatz to senior challenge supervisor. Spatz will lead U.S. efforts round income options and threat administration and play a key function in the rising U.S. enterprise.

Additionally, inside the final yr, Horváth introduced an expanded U.S. partnership settlement with software program supplier BlackLine, a number one global supplier of cloud software program that automates and controls monetary shut and different key accounting processes. The affiliation will additional mix Horváth’s deep data of SAP and Finance Transformation with BlackLine’s main software program and expertise, designated as a “Solution Extension” or SOLEX by SAP, to increase and enhance upon SAP’s award-winning ERP software program. Horvath additionally finalized a partnership settlement with software program supplier Archer Integrated Risk Management, whose imaginative and prescient, toolset and functionality is carefully aligned with Horvath’s imaginative and prescient round threat and efficiency administration.