Hamburg, Germany, May 15, 2017 – Hanse Orga Group, the market leader in financial automation software, today announces that it has reached agreement with e5 Solutions Group (e5), the North America market leader for implementation and support services as well as software add-ons for SAP's Treasury Applications, to join forces and become part of Hanse Orga Group.
e5 delivers best-in-class services and software add-ons that enable and augment SAP standard treasury functionality to enterprise customers in North America. The firm's focus on treasury management, in combination with Hanse Orga Group's existing expertise in delivering international solutions to clients for order-to-cash and procure-to-pay business requirements, will create a unique FinTech company which is able to serve customers along the whole financial automation value chain within SAP. Solutions can be designed that will incorporate non-SAP enterprise resource planning technology which solves many of today’s global business problems of fragmented technology landscapes and processes.
"e5's deep understanding of treasury is complementary to the existing add-ons we provide," said Sven Lindemann, CEO of Hanse Orga Group. "Considering e5’s strong footprint in North America, we will be the market leader in Europe and the North America with a unique software solution and service offering around cash flows and payments along the whole financial automation value chain," he continued.
Established in 2001, e5 works with some of the largest organizations in North America and counts many Fortune 100 companies as customers. The founding partners of e5 will remain shareholders in the new enterprise and the current e5 leadership team will continue to lead the development and management of e5 as part of the Hanse Orga Group.
Jaime Ryan, e5 Managing Principal said: "Our partnership makes perfect sense as we are creating the world’s largest SAP specialized treasury implementation partner. We share a similar vision, we have a similar approach to serving our clients and we offer complementary products and services. These synergies and our shared values will benefit our customers globally and in the process generate stronger, long-term growth for the business."
Hanse Orga Group has a long tradition of automating and managing global cash flows and payments. Since last year, Hanse Orga Group has been backed by the private equity growth investor Waterland, which supports Hanse Orga Group’s ambition to become the leading FinTech company in the financial automation space. e5 joining the Group is a continuation of this strategy and follows the acquisition of SOPLEX Consult, a credit and receivables management solutions provider, in November 2016 and Dolphin, a leading provider of process automation and data management solutions for SAP customers, in May 2017.
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About Hanse Orga Group
With over 450 employees in 13 locations globally, Hanse Orga Group supports over 1,900 business customers today with various products and solutions. The company was established in 1984 and today pursues a dual product strategy, offering SAP-embedded solutions as well as web-based products which can be linked to different Enterprise Resource Planning (ERP) systems. The solutions cover central segments such as order-to-cash, procure-to-pay, treasury, working capital management as well as data volume management solutions. With its FS² Payments solution alone, one of the company’s products, customers process over 1.2 billion transactions annually with a volume of over 450 billion euros. In 2015 and 2016 the SAP-embedded software family won the international TMI Award for Innovation & Excellence for “Best ERP Based Software“. Hanse Orga Group is also active as a consultant in the field of SAP Treasury. For further information please visit www.hanseorga-group.com
About e5 Solutions Group
e5 Solutions Group (www.e5solutions.com) is the recognized leader in solution design, implementation services and add-on software programs for SAP® ERP Financials and Treasury Applications. e5’s services span all areas of Treasury and Financial Shared Service Centers, including Cash Management, Debt and Investment, Intercompany Loans, Commodities Management, Market and Credit Risk Management, Foreign Currency Exposure Management, Hedge Management, In-House Banking, Electronic Payments and Electronic Bank Statement Processing. e5 helps companies to maximize their return on financial investments, reduce risk, streamline critical finance operations, optimize cash management, and improve corporate performance. Founded in 2001 by the foremost experts in SAP® Treasury solutions, e5 Solutions Group with its Accelerator Plus™ methodology and add-on programs helps clients maximize their SAP investment by delivering comprehensive treasury and banking solutions across all critical financial functions. Since its founding, e5 has delivered more than 240 successful SAP Treasury projects, including more than 175 full-lifecycle implementations covering North, Central and South America; Europe; Asia; Australia; the Middle East; and Africa, for more than 130 different companies in over 50 different industries. This unparalleled depth of knowledge and breadth of project experience, when combined with the speed, flexibility and responsiveness only available in a smaller organization, delivers to clients a partner experience that drives effective, real-world results. e5 is an SAP-certified Services and Software Development partner.
Hanse Orga Group
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