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Fluxym announces massive growth and new strategic partnerships

, by Philippe de La Villardière

Montreal, Canada – April 21st, 2021– Fluxym, a major worldwide player in the Source-to-Pay market since 2002, announces 30% revenue and staff growth over the last 6 months, and the signature of new alliances to enhance customer full S2P experience.

A dynamic growth and increasing demand

Despite the uncertain context, Fluxym continues to expand organically and experiences revenue growth of over 30% at mid-fiscal year, with major signatures across the globe.

Over the past six months, 30 new customers have partnered with Fluxym for the digital transformation of their procurement and finance processes, in France, North America, and Asia.
Therefore, Fluxym confirms its position as a leader in Source to Contract and Purchase to Pay as a value-added reseller (VAR) and system integrator.

“The digital transformation of our clients has been accelerated to monitor and control the procurement processes, from supplier onboarding and risk assessment to payments”, notes Philippe de La Villardière, Fluxym CEO.

“The SaaS model of our solutions offers the continuity of services and agility that many organizations are seeking in the current context.”

Rising demand for advisory services

Advisory services have also experienced a strong demand raise in 2020 through transformation readiness mandates, including target processes definition, change management strategy and execution and technology roadmaps/solution selection.
Fluxym teams have adapted their methodology to allow remote projects to be carried out while guaranteeing the highest level of quality and compliance within schedules and budgets.

An extensive ecosystem of partners

Beyond historical and successful partnerships with Basware and Ivalua, Fluxym has strengthened its relationships with TealBook (Supplier Data & Discovery) and has partnered with SirionLabs, the SaaS leader in Contract Lifecycle Management. Other partnerships are under consideration to continue expanding the portfolio with complimentary solutions over the next few months.

By strengthening our ecosystem of partners, we embrace the best-of-breed market trend required by the increasing level of maturity of procurement practitioners” said Thierry Jaffry, Head of Alliances & North America at Fluxym.

Furthermore, Fluxym has received the “Ivalua Reseller of the Year Award 2020” for the second year in a row.

Tenacious recruitment

To sustain the current growth, 20 new experts have already joined the teams over the past six months. 30 new hires are planned before the end of the year in France, Canada, the United States, and Singapore.