Novutech

Overview

Novutech is a Belgian consultancy focused on NetSuite ERP implementation, localization, optimization and support, and on finance transformation for European growth companies. Maxime Lothe and Frédéric Szikora founded the firm in 2019 after working as consultants. The legal entity NOVUTECH SRL is registered in Braine-l'Alleud, the Belgian office sits at Terhulpsesteenweg in Hoeilaart, and further offices are listed in Amsterdam, Copenhagen, Lyon, Berlin and Valencia. The company states more than 65 experts in 8 countries, more than 250 customers across Europe, more than 100 certifications and client retention above 90% after go-live. Its target customers have revenues between 10 million and more than 200 million euros. Alongside NetSuite work, Novutech runs a Digital & Value Office for strategy healthchecks and transformation roadmaps, integrates finance platforms including Payhawk, Embat, Upflow, Pigment and Invopop, builds iPaaS integrations on Celigo and Workato, and does order-to-cash, subscription billing and revenue recognition work. It also sells a Belgium Localization Solution for NetSuite covering VAT and Intrastat reporting, tax form 281.50, SEPA payment files and Belgium GAAP financial statements. In February 2023 Novutech acquired the Benelux NetSuite business of Fast Four, adding 18 consultants to its team of 30 and more than 60 customers. Named customers include Deliverect, Pleo, Payhawk, Cognite, Mercell, Lengow, Bluecrux and iBanFirst. Key people - Frederic Szikora - Co-founder and COO

Stated facts & numbers

• Founded: 2019
• Founders: Maxime Lothe, Frédéric Szikora
• CEO: Maxime Lothe (co-founder)
• COO: Frédéric Szikora (co-founder)
• Registered office: Braine-l'Alleud (NOVUTECH SRL, VAT BE0725984919)
• Belgian office: Terhulpsesteenweg 6B, Hoeilaart
• Other offices: Amsterdam, Copenhagen, Lyon, Berlin, Valencia
• Employees: 51-200 (65+ experts stated across 8 countries)
• Customers: 250+ across Europe; Deliverect, Pleo, Payhawk, Cognite, Mercell, Lengow, Bluecrux, iBanFirst
• Certifications: 100+
• Client retention: 90%+ after go-live
• Target customer size: 10M to 200M+ EUR revenue
• Acquisition: NetSuite business of Fast Four (Benelux), February 2023, terms undisclosed
• Funding: Bootstrapped, no external funding listed