PRESS RELEASE – February 15, 2023.- Fullstep, a company specializing in the end-to-end DIGITALIZATION of the procurement, sourcing and supply chain process, has announced its 2022 results, closing the year with a turnover of €17.3 million globally, almost doubling that of 2021, when it reached the €10 million mark. The Spanish technology company has also increased its global client portfolio by 30%.
“We are very proud to be able to contribute more value every year and to create a positive impact on the companies that trust us. Without a doubt, digitalization is now more palpable and this is especially noticeable in our sector. More and more companies, regardless of their size or area of action, are betting on implementing technological solutions that help them overcome turbulent and uncertain times such as those that have been going on for some time now. That is why we want to continue working on improving our value proposition, in such a way that we help companies grow, ensuring that it also has a positive impact for customers, professionals, suppliers and partners“, explains Rosario Piazza, the company’s CEO.
Technology and services: the two levers of growth
Fullstep’s value proposition has two main pillars: technology and services.
The first of these is based on its self-developed platform, which allows the company to work in a 360º environment, covering the entire procurement and provisioning process. In addition, it can be integrated with other systems that companies have implemented. In 2022 alone, companies with the Fullstep platform managed more than 8.3 billion euros in procurement negotiations, 1.5 billion euros in orders issued and 365,000 invoices managed.
On the other hand, outsourcing services (BPO) have become the other core leg in the company’s business, whose services .have grown by 80% in 2022. Fullstep intends to continue on the growth path in this area, as it is a service that helps companies reduce operating costs by up to 25%.
Objectives 2023: international growth and new functionalities in the platform.
Looking ahead to 2023, Fullstep wants to continue expanding its customer portfolio to support a large number of companies with its software solutions, relying on its Indirect Channel. “We are confident that the partner channel will be a lever for growth in 2023. We want to position our software inside and outside our borders, although the main target areas in terms of growth in the number of customers will be LATAM and Central Europe”, says Piazza.
Another major challenge for this year will be to create improvements and new functionalities within its platform. Specifically, they are working on a project based on Artificial Intelligence for the automation and processing of data that will help in the integral analysis of suppliers. . “ “The objective of the project is focused on developing an operational solution in the cloud, which allows the automatic validation of certificates for the intelligent approval of suppliers, as well as the elaboration of risk profiles for each supplier, optimized and updated in real time” , says the CEO.
“None of our achievements would be possible without a team as exceptional as the one Fullstep has. The growth in which we are immersed has resulted in a new organizational structure to enhance the level of performance, compliance, communication and collaboration with customers, that is, to be more competitive and efficient on a daily basis. This is why José del Pozo has become Director of Procurement Services, Emilio Gutierrez maintains his responsibilities as Director of Business in LATAM and now assumes the direction of technology services, and Antonio Fernández will be CIO and Director of Fullstep TECH ”, announces Rosario Piazza.
