Munich, December 12, 2024 – Envoria GmbH, formerly known as Financial Software Architects GmbH (FISA), now operates under a unified brand. The consolidation of Contavio and Envoria integrates the company’s expertise in financial and sustainability reporting into a single, powerful platform. The merger aligns with the upcoming Corporate Sustainability Reporting Directive (CSRD) expansion in 2025, which will present new challenges for companies and CFOs.
Envoria’s merger meets rising reporting demands
The rebranding of Financial Software Architects GmbH to Envoria GmbH marks a strategic milestone. Since its founding in 2018, Contavio has established itself as a leading financial software solution for leasing and revenue recognition. With the launch of Envoria in 2020, the company has become a key player in ESG reporting, positioning itself as a leader amidst growing regulatory sustainability requirements. Next year, a significant increase in new clients is expected as CSRD reporting obligations expand from approximately 5,000 to around 50,000 companies. CFOs will face the dual challenge of reporting financial data and ESG metrics, with climate risks, emissions data, supply chain analysis, and social factors becoming increasingly critical. Through the merger of its two brands, Envoria positions itself as a comprehensive and integrated solution for financial and ESG reporting, empowering companies to navigate these evolving and complex challenges.
Integrating financial and ESG data
The future of corporate reporting is integrative. "Financial metrics and ESG data must be seamlessly integrated to provide a holistic company performance view," explains Sven Schubert, CEO and Co-Founder of Envoria GmbH. "CFOs face the dual challenge of managing this vast amount of data and leveraging it strategically to meet regulatory requirements while maintaining transparency for investors and stakeholders."
Opportunities for companies
The coming years will be shaped significantly by how companies implement new regulatory requirements such as the CSRD. To thrive, companies will need more than just clear strategies – they will also require powerful software solutions to streamline data consolidation and fully unlock its strategic value. “We live in one of the most exciting ESG and financial reporting periods. Although the pressure on companies is mounting, the opportunity to gain a competitive edge through a clear and well-executed reporting strategy has never been greater,” emphasizes Schubert. “Envoria is ready to support companies on this journey.
About Envoria GmbH
The all-in-one software Envoria simplifies ESG and financial reporting for companies – across industries and countries. The scalable and audit-proof SaaS solution supports companies in complying with ESG standards (CSRD/ESRS, etc.), the EU Taxonomy, and supply chain laws, as well as in carrying out CO2 calculations, materiality and climate risk analyses. In addition, Envoria facilitates disclosure management and compliance with lease and revenue accounting standards such as IFRS 16, IFR 15, and more.
For more information, visit www.envoria.com.
Press contact:
Julia Cabalceta Gomez
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julia.gomez@envoria.com
Envoria GmbH
Ridlerstraße 57
80339 Munich
Germany