Cloud computing and payment services are allowing organisations to streamline their core business whilst canvasing richer insights from the behaviour of their clients and customers.
Here are three companies I believe are well positioned to help other businesses better meet the needs of their end-users.
Class Ltd (ASX: CL1)
Class Ltd is a cloud software-as-a-service provider for Self Managed Super Fund (SMSF) administrators. Class Ltd also offers software targeted at streamlining the administration of investment portfolios for non-SMSF entities such as companies, trusts, and individuals.
Class Ltd aims to automate the many manual workloads that were previously unavoidable when self managing superannuation funds. This enables administrators, accountants, and advisers to reduce workload, increase efficiency, and increase profitability providing a better service to their clients.
Making waves through the industry like New Zealand accounting software provider XERO FPO NZX (ASX: XRO) Class Ltd grew its account portfolio by 78% in FY17. x
EML Payments Ltd (ASX: EML)
EML Payments provides physical, mobile, and virtual card solutions to large corporate enterprises around the world. Through a combined portfolio of innovative payment solutions EML Payments offer technology solutions for payouts, gifts, incentives, rewards, and supplier payments.
Examples of the company's clients extend from large shopping centres to online/retail chains and betting agencies such as Ladbrokes. x
EML Payments managed to achieve a staggering 150% increase in revenues compared to the last financial year and is currently managing more than 850 programs across Australia, Europe, and North America. As a capital light business with established operations within the lucrative North American and European markets EML Payments is certainly one to watch.
Praemium Ltd (ASX: PPS)
Praemium offers cloud-based software for investment platforms, portfolio administration, investment management, and CRM solutions with offices in the US, UK, Armenia, and Hong Kong. Praemium currently manage over $6.6 billion worth of funds globally across more than 300,000 accounts.
Praemium Ltd shares recently jumped to a 52-week high on the back of a record quarter for platform inflows and funds under administration (FUA).