The SAP ecosystem is now heading towards SAP S/4HANA with all the digitalization and innovation happening across the industry. One of the main features of SAP S/4HANA is that it can be implemented on-premises or on the cloud, which gives businesses the option to leverage the functionalities of the system without hardware, a database, or internal IT staff. Established in 2006, Invenio Business Solutions has already completed a few successful S/4HANA implementations, two of which for government establishments across the world.
The company has become a pioneer by implementing the first S/4HANA tax and revenue project on AWS for a tax authority in the Middle East. Invenio is unique in the public sector area and is one of a very small set of SAP partners globally with experience and expertise in the Tax and Revenue Management (TRM) domain. It has subsidiary offices in Germany, Mauritius, Saudi Arabia, Dubai, Fiji, India, and the USA with a 1,000-strong workforce.
Innovative Technical Solutions
Headquartered in Reading, UK, Invenio Business Solutions is an award-winning company that solves complex business challenges with innovative technical solutions. The company has specialist expertise and experience in the domains of media & entertainment, public sector, and digital supply chain solutions. For over 10 years, Invenio has worked with major governments and public sector organizations around the world advising, consulting, and driving the digital transformation of tax authorities, in addition to providing ongoing consultancy services and advice.
The services offered by Invenio Business Solutions which enable and support a Digital Enterprise include Enterprise Architecture & Integration, Mobility solutions, Portals & web applications, Cloud Services & Security as well as Analytics, Robotics, and Artificial Intelligence. In addition to offering its core enterprise solution based on SAP. The company is preparing itself and its customers for the journey from SAP ECC to SAP S4/HANA.
Global Partners with Experience and Expertise
Invenio Business Solutions Content Financials solution is one of the unique solutions offered by the company. It is specifically built on SAP for the media industry, enabling media companies to get a tighter control on spending and managing the whole lifecycle of their content. The solution is agile and integrates with other departments to form one automated system that gives the client a clear report on real-time spending, with an efficient workflow and approval system for effective end-to-end financial control.
Invenio Business Solutions Delivering Success for the Customers
Arun Bala, CEO of Invenio Business Solutions manages the business globally. His focus has always been on delivering success for the customers while driving transparency, accountability, and value delivery through all engagements. “I’m excited about being able to help our customers transform their businesses and achieve success through the delivery of business-critical projects,” says Arun. He joined the company in 2013, with over 25 years of experience and since then, it has grown from 200 to 1000 employees.
Over the last three years, Invenio has grown both in terms of revenue and customer base. In order to manage this growth, the company had to put in place new processes, systems, and structures, while ensuring it maintains the core values. Recently, it launched a 10-point strategy to help achieve its strategic and business goals. Two of the most important components of the strategy are related to strengthening the portfolio of solutions & service offerings in each of the verticals, as well as leveraging its CTO-led organization to drive design thinking, co-innovation & solution delivery for the customers.
The Invenio Family
Teamwork is an essential part of Invenio’s culture. Here, no project can be successfully delivered without the dedication and great teamwork. Working under great leadership, Invenio has business unit leaders with deep domain expertise in each area – Tax and Revenue Management, Government ERP, Media & Entertainment, Digital Supply Chain Solutions, Enterprise Integration, and Analytics. The cornerstone of Invenio’s success is its values. “Care” is one of them, which focusses not only on the customers but the employees as well. The culture in Invenio is friendly, which is a huge factor when it comes to teamwork and they often call themselves “the Invenio family”. The company organizes yearly team-buildings for each of its locations, where people can meet with their colleagues, play games, and enjoy their time together. In this way, they go back to the office full of energy, ready for new challenges and success.
Talented Team of Employees
In the era of digital transformation and the fast-changing business, technology is redefining the way business is done. New technologies are constantly changing, and everyone is trying to adopt them. In this continuously changing business, one of the toughest challenges is to stay competitive in a mature and crowded market. Invenio’s competitiveness comes from its deep expertise in the industries in which it operates, as well as the highly talented team of employees.
With employees being the main asset of the company, Invenio makes sure that it hires only the best in class consultants. It believes in investing in Learning and Development and makes sure that it provides opportunities to its employees to develop and progress in their careers. The company consciously reinvest a large percentage of its profitability into customer relationship management as well as into innovation & R&D. It also invests significantly in new solution design & development for the customers, as it wants to make sure that it can offer solutions tailored to their needs.
Consolidating the Strong Presence
By 2023, Invenio’s vision is to be a leading technology consulting business in its domains by reaching 100m$. The mission is to establish Invenio as one of the best places to work in and one of the best companies to work with thereby achieving its strategic goals to have very happy clients and very happy employees. The company has seen a significant growth in its verticals which leads to the addition of two more sectors in its portfolio. In terms of the geographies, Invenio’s plans are to consolidate its strong presence in the EMEA region and to scale up its business in North America. For the next few years, Invenio plans to continue delivering the first-class service to its customers, while at the same time maintains the same family culture within the company.
