A story of growth

In 2022 we saw strong growth for our firm as a whole, as well as for our individual business units. Our revenues increased by 24% to €863 million, and we increased the number of our people by 23%. We delivered 1,603 projects last year, and now have 47 locations in 24 countries, including our new Chicago office in the USA.

863 Total revenue
24 Revenue increase year-on-year
5,253 (Client facing: 4,657) BearingPoint people
23 People increase year-on-year
1,603 Projects delivered
24 Countries with BearingPoint offices
47 BearingPoint offices
24 IP products
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Ventures and acquisitions

BearingPoint’s story of success in 2022 has been driven by more than just organic expansion. We’ve completed four critical strategic acquisitions and launched one joint venture that have enhanced our portfolio and strengthened our ability to deliver more for our clients across a range of sectors.

  • BearingPoint has had a dedicated sustainability practice since 2010, and it constitutes one of our key focus topics for accelerated services. With the acquisition of I Care we have enhanced our offering and created a critical mass in this service area.

    I Care

    I Care

    We have integrated I Care, a consultancy firm specializing in sustainable strategy development and environmental transition, within our operations to complement our sustainability offering and enlarge the scope for sustainability consulting. I Care’s proven practice and methodology combined with our transformation and digitalization capabilities will allow us to develop compelling new value propositions across the globe.

  • Founded in 2018, Levo Consultants supported financial services players in transformation, organization and improvement projects. Its areas of excellence include strategy, governance, operational efficiency, finance and risk and compliance. To date, it has brought to its clients a high level of expertise in the insurance, banking and asset management sectors, with over half of its consultants having held operational and management responsibilities during their careers.

    Levo Consultants

    Levo Consultants

    The acquisition of Levo Consultants marks another step in our ambition to support the growth of our banking and insurance clients. It strengthens our strategic focus on one of our primary segments, Banking and Capital Markets. Our ambition is to double the size of the business we generate in these sectors by 2025.

  • disphere tech’s cloud platform diContract included digital onboarding functions, approval of brokerage contracts, video and audio consultations, portfolio transfers and GDPR-compliance features, as well as client data and external contract management. By repositioning it as Agree&Sign, BearingPoint can now transform the digital customer onboarding experience within the financial services industry.

    disphere tech

    disphere tech

    Agree&Sign is one of BearingPoint’s newest products: an innovative SaaS platform for digital handling of approval, transaction, and advisory processes. It comes as a direct result of our acquisition of disphere tech, a firm that provides clients in the financial services industry with comprehensive support for the digital transformation of sales.

  • Fekra Digital Services has an ethos of curiosity, open-mindedness and inventiveness, which aligns perfectly with the Arcwide mindset, and will be essential to Arcwide’s further growth.

    Fekra

    Fekra

    European-based Fekra Digital Services supported companies in the digital transformation of their information systems through the integration of IT solutions, specializing in ERP IFS solutions. In 2022, Arcwide, our joint venture with IFS, completed an official acquisition of Fekra Digital Services. This strategic move will provide Arcwide clients with complete end-to-end services and support the continual growth in demand for IFS software and solutions.

  • Arcwide is a key chapter in our story of success over the past year, and part of our accelerated strategy. It unites IFS Cloud expertise with world-leading business consulting under one roof. It is rare for IFS customers that a partner has delivery expertise, system integration expertise and the change management and business transformation knowhow. That's what Arcwide delivers.

    Arcwide

    Arcwide

    In 2022, BearingPoint launched our first ever joint venture, Arcwide, in partnership with IFS. The name ‘Arcwide’ means bridging the whole process landscape for clients, and helping them cross to a new solution.

A story of clients

We completed a host of successful projects for clients around the world. From driving innovation to accelerating growth, our services have delivered business value across the board.

  • The introduction of this Microsoft technology marks a step change in how we will communicate with our supporters. This project delivers a whole new set of CRM tools for Leinster Rugby that we feel in the future can really improve how we engage with our supporters. We were really satisfied with this project and the outcome of this project working with both BearingPoint and their partner Microsoft.

    Kevin Quinn
    Head of Commercial & Marketing at Leinster Rugby

    Leinster Rugby

    Innovating off the pitch: bringing supporters a top-notch experience Seeking to reward their fans’ longtime loyalty to the team, Leinster Rugby set out on a journey of innovation to completely shift how they interact with their supporters. With BearingPoint’s help, the Club will gain access to a new level of customer engagement, based on accurate, real-time insights.

  • This study provides a very rich set of information on the progress and challenges of the ecological transition of air transport. Although its perimeter targets traffic in France and with France, it incorporates considerations related to flights from abroad to France, and its lessons are generalizable. It has the merit of raising the question of traffic control as a lever for decarbonization, by showing its effectiveness, particularly in the short term. A logical next step would be to study the potential modalities of using this lever.

    Marc Cottignies
    Technical Coordinator of the Study at ADEME

    ADEME

    Preparing for a green transition of French air transport using three scenarios: ADEME, the French Agency for Ecological Transition, has a holistic view of what is needed to decarbonize air transport, with valuable indicators of feasibility and benefits, but also revealing the challenges and risks. They can now harness this information to support French ministries and administrations, as well as various aviation stakeholders in creating effective measures for a green future.

  • Over the past few months, the work performed with BearingPoint and Sparknews on defining our purpose through the narrative of METRO France has been a real accelerator of our transformation toward better integration of sustainability key questions within our business. This has helped align our executives with a common ambition, prompting us to ask deep and complex questions about our role beyond business. Although we don’t have all the answers at the moment, we are on the right path toward transformation, and we are confident that we will find the answers progressively.

    Marie Garnier
    Quality and Sustainability Director at METRO France

    METRO France

    Defining a framework to pursue growth in a committed and responsible manner: BearingPoint supported METRO France to go one step further with its sustainable strategy, by helping the business to define a clear and meaningful purpose. The company now has a meaningful goal that paves the way for it to become a leader in corporate social responsibility, while supporting its economic growth ambitions.

  • The collaboration with BearingPoint has brought new ideas on how we can enhance our offerings and attract a wider audience of donors. By using the findings in this project, we can work even more data- and insights-driven to develop our fundraising in order to advance children’s rights and equality for girls around the world.

    Nathalie Piehl
    Director Fundraising & Communication at Plan International Sweden

    Plan International Sweden

    Identification of effective strategies to increase donations by leveraging data: By performing comprehensive data analysis, BearingPoint supported Plan International Sweden to better understand its current revenue streams and define new ways to attract future sponsors. The NGO is now more empowered to make data-driven decisions regarding its future customer segments, product offerings, and sales channels.

  • With TruBudget we achieve transparency and accountability for everyone involved in a project. Our goal is to ensure reliable and efficient use of the approved funding in development cooperation. As payments are traceable on TruBudget, donors may consider to channel funds directly to the partner country’s budget.
    Piet Kleffmann
    TruBudget Taskforce Lead at KfW

    KfW and the Finance Ministry of Burkina Faso

    Tracing development funds by using blockchain technology: Burkina Faso’s Ministry of Finance and KfW joined forces to improve the donor funds’ management. With BearingPoint’s help, the two organizations implemented TruBudget, a blockchain-based solution allowing better planning and full transparency of projects.

  • BearingPoint Capital’s deep technological expertise and understanding of transaction processes have helped us several times to gauge risks and opportunities better, and we look forward to continuing this partnership in the future.
    Stuart Pearce
    Portfolio CTO at Hg

    Hg

    Successfully selling tech-enabled MEDIFOX DAN into a unicorn, closing the transaction for $1 billion: BearingPoint Capital assisted Hg with a technology vendor due diligence, demonstrating how the technology setup and organization are key contributors to MEDIFOX DAN’s value proposition.

  • BearingPoint was invited to support SKIDATA on its journey toward transforming how it managed goals and objectives, and for us it was important to have a strong partner at our side. The team gave us some deep insights into how we could become more agile and have better value-driven outcomes using the OKR framework. Over the last year, the BearingPoint team has supported us in adapting old ways of working into new ways, leading to a company-wide implementation of OKRs. Taking this new approach, and with the added value of Agile, our partnership has gone from strength to strength in enabling SKIDATA to focus on what matters: value-based outcomes for everyone at SKIDATA and its customers.
    Dr. Steven Partridge
    VP Transformation & BPM at SKIDATA

    SKIDATA

    Welcoming people and innovation by adopting the Objectives and Key Results (OKR) framework: In their quest to enhance its portfolio with a broad spectrum of proven standards for customized offerings, SKIDATA engaged in a series of extensive initiatives. BearingPoint leveraged the strategic goal-setting framework, Objectives and Key Results (OKR), to enable SKIDATA to create more customer-centric, flexible, and scalable solutions, and deliver the business strategy. OKRs are supported by the Workpath software platform, empowering SKIDATA with higher transparency, improved cross-country and cross-function collaboration, and a better management of strategic priorities.

  • BearingPoint was very instrumental in helping us bring structure, a framework, and clarity. We could then brand it and bring that activity we wanted to do around the three pillars of CDX to a program that we could roll out to all of our OpCos.
    Mike Whitmer
    CIO at RGF Staffing

    RGF Staffing

    Blending technology and customer experience to create staffing solutions that are faster, simpler, and closer to all: Recruitment trends change as the markets evolve towards a highly digitalized era. With BearingPoint’s help, RGF Staffing is now ready to address the job seekers’, clients’ and employees’ journeys with a tech-driven and customer-centric approach.

  • Our CRM implementation project will make Stadtwerke Ingolstadt even more customer-oriented
    in the future and enable us to offer a number of new functions. We were very pleased with the collaboration on the project, both with BearingPoint and with their partner Salesforce.
    Matthias Bolle
    Managing Director at Stadtwerke Ingolstadt

    Stadtwerke Ingolstadt

    Getting a 360-degree view of its customers with a new Salesforce CRM solution: By leveraging a new cloud-based CRM, Stadtwerke Ingolstadt gains accurate insights about its customers and sales processes. The solution offers consistent data and analytics, enabling the company to better target prospects, improve support for existing clients, and optimize the overall customer interaction.

  • The combination of different areas of expertise and team collaboration were key to success. From solution design and business processes to governance and development, BearingPoint delivered with us a successful MVP go-live with a hands-on team.
    Nico Koller
    IT Project Manager at Hanseatic Bank

    Hanseatic Bank

    Bringing innovative solutions to market faster by setting up a modern data integration platform: Hanseatic Bank is well positioned for the future by having established a cloud-based, scalable, and flexible IT architecture. The bank can now easily react faster to the changing market demands and develop new products and services effectively. Building on an AWS infrastructure, BearingPoint combined Apache Kafka, an open-source distributed event-streaming platform, and Camuda, a workflow orchestration tool that designs business processes. Consequently, the future operating model has been redesigned to focus on a more decentralized and micro-service approach, to bring products and services to market faster, in an iterative way.

  • With BearingPoint at our side, we were able to streamline and reduce a lot of manual work in a cumbersome internal process! Setting the bot-solution live led to happy users and even more satisfied customers!
    Suyin Boehnke
    SAP Senior Business Relationship Manager SCM EMEA at Kao Group

    Kao

    Outsmarting the growing demands of e-commerce by automating the return-order process: E-commerce trends induced by the global pandemic took online purchasing to the next level of development. This expansion led to significant changes for all online sales and logistics processes, including an increased need to optimize return-order processes for customers. BearingPoint helped Kao to speed up the creation of return orders, to maintain accurate stock quantities and to improve the restocking process by integrating a robotic process automation solution (RPA) with SAP. This enabled the bridging of potential system breaches by reducing manual input and any related potential human error.

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Our business portfolio

Our business units are Consulting, Products and Capital. Organically, they drive growth with more innovation, more people development and better client service. Inorganically, they help us build investment capacity, market attractiveness, and the ability to integrate successfully. They are complemented by Arcwide, our first ever joint venture in conjunction with IFS.

Consulting

Our historic core unit has continued its impressive trajectory in 2022, providing independent services from strategy to implementation.

Capital

Capital manages our investments, joint ventures and potential divestments. It also supports private equity and corporate M&A in Transaction Services.

Products

With the DNA of a software company, Products supports our clients with value-added services built on major cloud platforms.

Arcwide

Arcwide fuses world-leading IFS cloud expertise with BearingPoint’s business consulting excellence to deliver a unique value proposition.

Download our Business Portfolio

A story of purpose

Together we are more than business - a statement that encapsulates our spirit, and defines what we stand for. It means recognizing that our work has an impact on the wider world. It manifests itself in what we do for people, for our planet, and in terms of innovation.

More for people
Annual Report

More for people

We strive to deliver more for our colleagues, our clients, and for society. We are mindful of the fact that our services and products impact all of these groups either directly or indirectly. In the relationships we forge, we build and celebrate collaboration at every step.

More innovation
Annual Report

More innovation

To innovate is to break the mold. We’re doing this internally as a firm, but also helping our clients in every project we undertake with them to do the same. We nurture an environment that encourages the constant exchange of ideas, and the challenging of the status quo.

More for our planet
Annual Report

More for our planet

Sustainability has never been more important. We’ve been driving it in our services for over ten years. We’re on a journey to do more as we aim to become B Corp certified, as well as reducing our own firmwide carbon emissions by 50% by the end of the 2025. For our clients, we’re helping them to transform not just their business models, but their entire value chains.

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A story of global presence

After 2022, BearingPoint has a stronger global footprint than ever. We improved and expanded our delivery model, developing our presence particularly in Portugal, India, Romania and the Czech Republic. We cut the ribbon on our Chicago office in 2022, demonstrating our ambition to bring our products and services to the North American market, a market that is key for our continued growth.

  • BearingPoint
  • Arcwide
  • I Care
  • ABeam Consulting