At Archer we recently wrapped up the books on our fiscal year, and so I wanted to share our progress and outstanding results.
Uncertainty in various market conditions worked to our benefit again in 2021. Between the pandemic, environmental and social concerns, supply chain disruptions, increasing regulation, and the horrific war in Ukraine, Risk Management and Operational Resiliency have never played a more crucial role. These seismic shocks are requiring companies to manage Risk across their Enterprise – just as they do with CRM, HCM and Finance. Archer is uniquely positioned to meet these demands with over 300 customers in each Risk Function (Operations, Audit, IT, 3rd Parties and Business Resilience) - with over 80% of customers using our products for several, or all, departments.
Our goal is to provide the best Risk Management platform to be the system of record to identify, plan, manage, mitigate/avoid and quantify your risk. I would like to personally and sincerely thank our clients, employees and partners who helped make last year so special.
Archer’s CY 2021/FY 2022 highlights include:
After our divesture from Dell in Sept ’20, Archer is now a fully autonomous company where we now have our own systems, processes, dedicated team and board.
With this independence, we have grown the team by 30% last year to 750 employees.
New account bookings grew by +60%.
SaaS revenues more than doubled and bookings increased by 94%.
Substantial product improvements such as Operational Resilience, CMMC and an improved User Interface that removed a dependency on Microsoft Silverlight.
Released Archer Engage as a mobile-first, zero training, no code companion product to facilitate remote access.
Released Archer ESG (Environmental Social Governance) led by industry expert Peadar Duffy and his Soluxr team who joined Archer last summer.
Released Archer Insight to enable Risk Quantification and Intelligence led by renown expert David Vose who joined as our VP of Risk Management.
Added Dr. French Caldwell, former Gartner lead analyst and one of leading experts of the GRC space as our Chief Strategy Officer
Launched a customer success program centered on time-to-value and continuous improvements.
Our latest fiscal year is off to another great start as we look to expand adoption of the many new capabilities released last year and continue to support our customers as they look to navigate complex business challenges in uncertain times.
Contact us to learn how Archer can help you establish, adapt, and mature your integrated risk management program.