In 2023 we delivered value across the board for our clients and our firm. Substantial growth and strong demand for our services and products helped us to reach €1 billion in revenues for the first time in our history.
Our revenue figure for 2023 is clear proof of our growing stature in global consulting - a success we achieved together as a team. With each passing year we’re delivering more value for our clients.
Demand for our services is as strong as ever. At a time of rapid technological change, we’re helping our clients to stay ahead.
Our performance in the past year owes much to our focus on our purpose. That purpose comes to life through our values, which we have simplified to make clear what we stand for.
Kiumars Hamidian
Managing Partner
In 2023 BearingPoint outperformed the market once again. We began a new economic era with considerable growth driven by accelerating demand, an ever-stronger sense of identity and culture, and the extraordinary contributions of our people.
BearingPoint acquired five leading companies in their respective fields: Smplicity in Salesforce consulting, TXS Securitization in asset-backed securities, Korkia in sustainability, and bytics Group and Cedar Bay in IFS consulting through our joint venture Arcwide.
We continued to grow our global footprint particularly in the US and China. In the US alone this equated to a remarkable 118% growth in a single year, adding new Partner team hires to build further service capabilities and significantly growing the local customer base. In addition, Arcwide was established in the US in early 2023 with substantial growth and also integrated a first acquisition late in the year.
Our focus on innovation opened up countless new opportunities for our clients. This was most evident in AI where we continued to invest heavily, developing over 250 use cases and launching a GenAI hub providing a clear pathway to help clients realize its potential.
We accelerated sustainability both for our clients and within our firm, and were named as a Major Player for ESG Program Management Services by IDC MarketScape. At a time when sustainability has become a critical priority, our 12 core offerings helped clients to address both specific impacts and their corporate transformations.
Our success in 2023 was thanks to our people. We did more than ever to help them grow, recruiting over 1,500 new colleagues, providing 260,000 hours of firmwide training in four global campuses, strengthening our culture and employee value proposition, and championing female leadership across our firm.
Across the world and in every major sector we helped our clients to transform, innovate and grow in 2023. Each of these stories offers a glimpse into what we did and how it is shaping an organization’s future.
In its quest to improve interaction with healthcare communities across countries, Angelini Pharma leveraged a co-creative approach for customizing Salesforce with personalized features. Supported by BearingPoint, Angelini Pharma is now able to easily adapt its communication with healthcare professionals and make the overall experiences more effective and engaging.
We always look to challenge the status quo, developing and testing new effective and concrete solutions, to further increase our stakeholders’ engagement while improving operational efficiency and promoting collaboration. This mindset impacts all our digital assets. For Salesforce, with BearingPoint at our side, we were able to do that!
Simone Pace, Global Digital Capabilities Manager at Angelini Pharma
Angelini Pharma provides a seamless experience for healthcare professionals
Lire la suiteBearingPoint and APF France handicap, a non-profit organization that aims to improve the lives of people with disabilities, joined forces to launch the Test’In program, which provides support and employment opportunities to people with disabilities. The program offers an excellent environment for participants to gain the necessary training, experience and a recognized certification to help them secure employment as testers or IT support. During the first rollout of the program, one of the clients that took a participant on board was the Agence Nationale de la Cohésion des Territoires (ANCT). On completion of the first Test’In release, all seven participants were successfully trained and certified and are now employed in the IT sector, with three of them working at BearingPoint.
The second program rollout is underway with positive results expected for all eight new participants.
For a non-profit organization like APF France handicap, whose mission is to create job opportunities for people with disabilities, it is particularly important to establish strong ties with leading private companies. BearingPoint is one of them. Together, we have been highly engaged in the Test’In project. We went to great lengths to get to know the program’s participants and mobilized our networks to provide meaningful engagements and opportunities for them. We are confident that the skills of the Test’In participants have been significantly enhanced with this program.
Stephanie Mercier, Sales Manager – Digital at APF France handicap
APF France handicap enables inclusive employment through the Test’In program
Lire la suiteAs part of a multi-year partnership dynamic, BearingPoint advises Cdiscount on the selection of the group’s technological assets to leverage, with a priority on Marketplace as a Service. BearingPoint then assists in the transformation of organization and finally supports Cdiscount in its first deployments for clients. In the meantime, Cdiscount created its Octopia subsidiary to run its new activity, transformed its solution into SaaS Marketplace and organized its new B2B activities.
Over the past years, BearingPoint helped the group at critical moments when external outlook or support was required: from the business case for the selection of group technological assets to leverage, to the setting up of our B2B organization. The scale of the transformation (three SaaS solutions with +30 key account customers on three continents generating +€100M in annual turnover) appears to be a success. In five years, we have switched to being a platform company with diversified business models: e-merchant, marketplace, logistician, SaaS publisher in the fields of marketplace, payment, digital marketing, and cybersecurity.
Christophe Samson, CIO & COMEX member at Cdiscount
Cdiscount monetizes its technology assets to become a leading player in marketplace solutions
Lire la suiteBearingPoint worked with Currys to improve its customer service and reduce the cost of aftersales. Together, we developed a single business architecture model to unify acquired areas of the business.
The great thing about BearingPoint is that the team they bring is always the A-team. You get to know them and they stay with you right the way through. They understand the business better than us sometimes. So it’s been a delight working with BearingPoint and we as a business will definitely work with them again.
Chris Stroud, Director of Customer Management at Currys Group
Currys creates a valuable business architecture model and improves aftersales efficiency
Lire la suiteBy leveraging IFS Cloud, Diverzify seamlessly merges its 16+ independent acquisitions of flooring firms, benefiting from a common platform for all end-to-end business processes, from customer-to- cash. With its IT infrastructure now organized around Salesforce and IFS Cloud, Diverzify can easily and quickly upgrade its IT capabilities, supporting the company’s rapid acquisition growth strategy and enabling it to increase its value to the market.
Partnering with BearingPoint empowered Diverzify to embark on a significant digital transformation. BearingPoint’s unparalleled expertise and deep talent pool enabled us to rapidly expand our team and effectively address complex challenges head-on. Together, we developed a comprehensive platform that not only streamlined our operations but also significantly enhanced our efficiency and agility. This strategic collaboration has laid a robust foundation for our ambitious growth strategy, positioning us to seize new opportunities and drive sustained success.
Ewan Gatherer, Chief Information Officer at Diverzify
Diverzify accelerates growth and innovation in the commercial flooring industry
Lire la suiteAs part of the future strategic plan for 2024–2029, Encory aimed to establish a network of partners to enhance its ability to provide innovative solutions and new business opportunities. With BearingPoint as a trusted advisor, the company analyzed all possible options for future strategic partnerships. This analysis facilitated the development of an overall value proposition that adds significant benefits to Encory’s customers.
Our mission to scale our circular business models requires collaboration across stakeholders. BearingPoint provided us with a comprehensive strategy for circular economy partnerships, offering innovative insights and a strong basis for decision-making. This sets the stage for an ecosystem that enables our clients to grow their sustainable value chains.
Hanno Grosseschmidt, Managing Director at Encory
Encory enhances economic circularity and profitability through strategic partnerships
Lire la suiteFluxys Belgium partnered with BearingPoint to implement the latest industry cloud application, in order to enable the transition from using manual processes and static data to employing digital management of assets and operations. By leveraging ETM.next, the company is now empowered with enhanced resource utilization, process efficiency, and real-time visibility of its equipment, leading to overall project management optimization.
The introduction of ETM.next marks a step change in how we operate. Its mobile app has transformed our daily tasks into a better follow-up of our equipment. The ability to scan QR codes on the go has not only expedited our processes but also enhanced our operational accuracy, to assure to have well maintained material on the right spot at the right time. The user-friendly design ensures that our team can utilize its full range of capabilities without a steep learning curve. We’re more agile and responsive than ever before, thanks to ETM.next.
Kürt Vanmelle, Head of Mechanics, Logistics & Warhousing at Fluxys
Fluxys Belgium uses ETM.next to gain full control and greater flexibility across its mobile assets management
Lire la suiteBearingPoint executed a comprehensive overhaul of FUCHS China’s demand planning and inventory planning processes, deploying SAP IBP in alignment with specific business imperatives.
Through collaborative efforts with BearingPoint, we successfully automated critical aspects of our planning procedures, markedly reducing manual intervention. This optimization significantly enhances operational efficiency and accuracy within the planning domain. We express our appreciation for BearingPoint’s great contributions and anticipate continued collaboration.
Flora Fei, Supply Chain Director at FUCHS China
iRobot partnered with BearingPoint to implement a source-to-contract vendor selection process that ensures the best solution for future enterprise success. The company is now empowered to think beyond today, gaining comprehensive insights to drive the business decision processes moving forward.
I would describe BearingPoint’s work quality and the clarity of their recommendation as superb and beyond reproach. What stood out most was BearingPoint’s systematic due diligence process, which eliminated all subjective factors, and focused on the objective criteria to drive project success.
Terence White, Director of Indirect Sourcing, Corporate Services at iRobot
Maxeda is a leading DIY retailer in the Benelux and values sustainability as an important prerequisite for its operations. BearingPoint has been supporting Maxeda in its sustainability journey since 2020. With the help of BearingPoint’s Emissions Calculator, the company gained reliable and accurate insights for scope 1, 2 and 3 emissions. Based on the results, BearingPoint developed Maxeda’s decarbonization roadmap and identified key initiatives to reduce its carbon footprint. With these insights Maxeda has committed to the Science Based Targets initiative and, together with BearingPoint, has started to implement these initiatives. As the largest category of emissions has been identified in scope 3 – purchased goods and services – the first initiative is the development of a sustainable purchasing policy, which is currently underway.
The support and guidance from BearingPoint have helped Maxeda to develop its ESG Roadmap with clear objectives on GHG reductions. Together with BearingPoint we have developed key initiatives to achieve those objectives and implementation is done in a structured manner. Working with BearingPoint has proven to be successful and pleasant.
Director Quality, Product Compliance & ESG at Maxeda DYI Group
By leveraging BearingPoint’s DemandSens Books solution, Media Participations achieves accurate sales forecast fitting market demand. The publishers leverage AI applied to massive amounts of data to optimize print-run decisions thus preventing shortages while limiting unsold copies. This results in enhanced customer satisfaction, reduced inventory costs, and improved sustainability.
DemandSens has allowed us to greatly simplify, accelerate, and make our new books sales processes even more reliable!
Stephane Aznar, Chief Executive at Media Diffusion – Media Participations
Media Participations uses AI to improve forecasting and strengthen sales and distribution processes
Lire la suiteBearingPoint supported NORD/LB to implement a virtual data platform as a crucial building block in their data management strategy. The platform enables self-service business intelligence for better business insights and decision-making, as well as improved reporting processes, with higher data quality and less manual effort.
We were impressed by BearingPoint’s ability to grasp our solution design quickly and thoroughly, and to implement it in a sustainable and solid way according to our requirements. Their technical expertise combined with a keen sense of what was relevant for management-level decisions during the implementation process were a particular guarantee of success.
Paul Wegner, Project Manager at NORD/LB
Data for Business - NORD/LB empowers its departments with more insights and reporting capabilities
Lire la suitePlan International Norway aimed to streamline its program reporting by shifting from laborious manual processes to cutting-edge technology. BearingPoint helped the NGO develop an innovative AI-powered application that enables significant automation combined with increased efficiency and better insight into its programs.
As an aid and development organization, Plan International Norway is continuously exploring ways to become more efficient in how we deliver impact. In our pursuit to test generative AI, we found expertise in our longstanding partner BearingPoint. Together we have made a successful MVP resulting in efficiency, new insights, and new ways of working for us at Plan International Norway.
Kari Helene Partapuoli, National Director at Plan International Norway
Plan International Norway makes reporting fast and easy with the power of Generative AI
Lire la suiteBearingPoint helped Schule im Aufbruch (School on the Move) in a pro bono project to define and harmonize its business processes and to establish effective KPIs using Salesforce. This allowed the NGO to see clearly through its educational programs and network of partners, evaluate project results and use data to enhance services for the future.
With BearingPoint’s support, we have further developed our Salesforce platform. We are now able to map our program of transformation support for schools in Salesforce, from the start of school acquisition through to the finalization of program implementation. By standardizing these processes and automating individual steps, we will be able to carry out our work in a data-driven and efficient manner in future. The improved data situation enables us to carry out more targeted analyses and forecasts.
Björn Lefers, Team Facilitation & Organizational Development and Network Coordinator for Lower Saxony
Schule im Aufbruch uses effective reporting to enable innovative programs for shaping the future of education
Lire la suiteSiemens has improved its M&A Due Diligence process by leveraging BearingPoint’s Code Analysis Services, which provide insights into the quality, security, and open-source compliance of the software acquisitions. The Siemens T IP team is enabled to make a fact-based assessment and recommendation for acquiring software technologies.
Our collaboration with the BearingPoint team is in the premier league. We have built the highest level of trust and security, which is essential when dealing with one of a company’s most valuable assets, its software technology. Working with BearingPoint allows us to conduct our software due diligence risk assessment completely digitally.
Thomas Bauer, Senior Key Expert M&A Software Due Diligence at Siemens
BearingPoint’s code analysis services enhance Siemens’s M&A software due diligence
Lire la suiteSonepar collaborated with BearingPoint to create an innovative solution that uses artificial intelligence, called Sellia, which acts as a virtual assistant for its credit managers. The solution became a digital control panel that allows assessing risks using scoring algorithms and analyzing customer purchasing behavior, while providing Sonepar’s credit managers a complete view of the company’s portfolio and the business. The company’s sales teams benefit from consistent insights that help them target customers efficiently and maximize sales.
Sellia is a true game changer that benefits from the flexibility of a startup, but the firepower of a large corporation. Using it will allow us to deeply transform our sales practices through risk management supported by AI. Sellia will enable us to empower our teams to accelerate our sales development by limiting the unknown ‘risk’.
Joaquim Lopes, Director of Customer Credit at Sonepar
Sonepar develops an AI-based tool to support its credit managers and sales growth
Lire la suiteBearingPoint is much more than the sum of its parts. Our structure helps us to offer an ecosystem of teams, services and products that are unique but operate in a seamless and unified way, unlocking more value and potential for our clients.
In our Consulting unit we’ve built an organization that blends global collaboration with expert local delivery. This formula helped us to deliver 14% organic growth in 2023.
Innovation is at the heart of our Products unit. It offers game-changing software solutions and managed services that delivered 27% revenue growth for our business last year.
BearingPoint Capital, our M&A and investments team, is pivotal to the ongoing value that we are delivering as a business and grew its revenue by 21% in 2023.
Our joint venture with IFS focused on business transformation delivered an excellent first full year of trading, as well as making two important strategic acquisitions.
2023 was the year that we put our purpose – “Together, we are more than business” – to the test. It lifted our collective performance to new heights and rejuvenated our sense of unity and identity. To help us bring it to life in our daily roles, in 2023 we also simplified our values, bringing greater clarity for both our clients and people.
Only as a team of motivated and unique individuals can we provide meaningful solutions to the challenging issues faced by our clients and their people, or stakeholders in our society and communities.
We are constantly innovating to help our clients achieve their targets. And we’re embedding an environment that nurtures and encourages new ideas every day.
We're working harder than ever to support our planet in two ways - internally and externally. This means driving sustainability within our firm as well as encouraging our clients to do the same.
Today, BearingPoint is a truly global firm. In 2023 we consolidated our footprint in every region, with strong growth in key markets including the US and China.
Explore our Annual Report in more detail