Overview

xSuite is a leading accounts payable process automation specialist focused on the SAP ecosystem. Headquartered in Ahrensburg, Germany, xSuite specialises in software applications for Accounts Payable Invoice Automation (“APIA”), which enable customers to digitalise, streamline and automate invoice processing, helping them to reduce costs, drive efficiencies and improve quality. With over 230 employees in Germany, Denmark, the Netherlands, Singapore, Slovakia, Spain and the US, xSuite develops additional workflows and integration capabilities specific to the SAP ecosystem.

With our global network of experts, we are supporting xSuite to build on its emerging presence in the US market and scale its North American operations. In addition, we are partnering with management to accelerate the transition to more subscription software revenues as well as leveraging commercial best-practices recently implemented across our other portfolio companies.

Highlights

• High customer satisfaction given the company’s industry-leading technological capabilities and strong service levels
• xSuite has a growing presence in the US where it has won several blue-chip clients such as Dole, Lionsgate and Crocs and is scaling rapidly 
• APIA market is growing with forecasts of +10% CAGR driven by the digitisation of workflows and a focus on reducing labour costs.
• Growth driven by increasing invoice volumes, adoption of automation solutions, expansion in the use cases of these solutions and the transition to specialist applications.