New acquisition in Europe for Avail: the digital business transformation company led by Domenico Restucciawhich at the end of 2023 exceeded 300 million euros in turnover and has 3 thousand professionals distributed in 20 offices across Europe, the United States, Latin America and the Middle East, also enters France with the acquisition of Reportwisea company that closed 2023 with approximately 14 million euros in turnover, 100 consultants with an average experience of over 15 years and more than 200 active customers.
The investment follows acquisitions that took place between the end of 2021 and the beginning of 2022, including those of Spanish Axazure and Italian DocFlowand was born from the desire to expand on a global scale the ability to offer companies advanced measurement, analysis, planning and reporting services for financial and non-financial data (ESG) by combining functional specialist skills, knowledge of technological platforms and innovation.
Focus on monitoring of performance indicators
“If sustainability and profit are the goals of a company, then both must be scientifically measurable and become part of the company strategy – he comments Domenico Restuccia, CEO of Avvale -. The alliance between Avvale and Reportwise represents a shared commitment to better support our customers in monitoring both financial and non-financial performance indicators, leveraging cutting-edge technologies emerging in the Epm field. In a world where the ability to accurately measure and analyze data is increasingly strategic, we are proud to be able to contribute together to more informed decisions of our customers in line with more sustainable business growth.”
“We shared from the first moment with the partners of Reportwise vision and values such as commitment to innovation and closeness to the customer. Together as companions on a long-term journey, we will not only strengthen our presence in the French market but also improve our ability internationally to collaborate with technology partners and identify the most innovative solutions for our customers,” he adds Vincenzo Giannelli, Corporate MD of Avvale.
For Reportwise, a strengthening of expertise
Reportwisewhich has been supporting the financial and operational departments of large groups throughout their performance management process in all business sectors since 2009 (services, industries, banking and insurance, etc.), is at the forefront in areas such as planning and financial analysis (FP&A), Disclosure Management (the process a company must follow to manage data, comply with regulations and prepare disclosures for public reports), Dashboarding (views of critical summary data and immediate indicators reading), CSR-Corporate Social Responsibility (corporate social responsibility), Rpa-Robotic Process Automation (software robotics that uses intelligent automation technologies to carry out repetitive office tasks such as extracting data, filling out forms, moving files and more).
“By joining the Avvale group – is the comment of four Reportwise partners Bertrand Lacheteau, Grégoire Borgeaud, Jean-Laurent Philippe and Ludovic Reynaud – we access a new dimension and strengthen our expertise. At the same time, we reaffirm our long-term commitment to our collaborators, our customers and our partners: together, we are determined to build a solid and growing future, based on excellence, innovation and trust”.
