With record bookings, revenue and EBIT levels, 2015 was a successful year for BearingPoint. The company has made significant steps to achieve the recently announced ambitious goal of reaching 1 billion euros in revenue by 2020.
The Annual Report 2015 describes the BearingPoint story throughout 2015 with its mission to work for the good of the clients.
One of the central topics in the report is the new organizational model of the company, which resulted in creation of three units working together towards achieving the common goal: Consulting, Solutions and Ventures. A large share of the future growth is expected to come from the Solutions, while regulatory technology (RegTech), along with digital transformation and advanced analytics, are identified as the unit’s key areas. BearingPoint’s RegTech product line aims to help clients meet regulatory and taxation reporting demands and includes the products of the Abacus Solution Suite, EasyTax, FiTAX, FiRE and ABS+.
Of note in the product line RegTech is the Abacus Solution Suite. The Abacus products brought BearingPoint numerous awards and listings in prestigious industry rankings. The Annual Report contains examples of successful Abacus implementation, such as deployment of ABACUS/DaVinci at Santander and ABACUS/Solvency II at Zurich Insurance Group.