Drake Star行业洞察：首席财务官办公室软件

The Office of the CFOMARKET PERSPECTIVES AND COVERAGE EXECUTIVE SUMMARYTHE OCFO SOFTWARE STACK REMAINS A PRIORITY FOR INVESTORS, UNDERPINNED BY STRONG MARKETFUNDAMENTALS AND SUSTAINED TRANSACTION MOMENTUMNote: 1) Represents financial management TAM only, excludes TAMs of employee management and broader corporate secretaryLarge global TAM1$65-75bn$110-125bn2024A2029EGlobal core OCFO software spend1Largest subcategories: Core financial management,tax management, source-to-pay, CPM, and FP&A www.drakestar.comStrong, secular growth2Backed by long-term drivers like digitization, theCFO’s mandate for strategic value creation, andheightened requirements for compliance andreporting transparency.Projectedgrowth in OCFO software spendStrong transaction activity3Continued high transaction activity, driven bysustainable theme of consolidating point solutions toscale broader suite offerings.#150+M&A dealsLTM OCFO M&A deal activity globally12-14%CAGR 2024A-2029E EXECUTIVE SUMMARYSUBSTANTIAL GREENFIELD MARKETS COMBINED WITH HIGHLY APPEALING SECULAR TAILWINDS DRIVING ADOPTIONAND DEMAND FOR OFFICE OF THE CFO SOLUTIONSCommoditization in corefinance and closeCompliance & regulationreshaping the stackHorizontal integration drivingvendor consolidation123AI as a new adoption catalystacross the stack5Strategic segments poweringgrowth upside4 www.drakestar.comCore accounting, close, and consolidation tools are increasingly viewed as standardized, driving pricepressure and bundling strategies. Vendors are seeking differentiation through adjacent moduleexpansion (e.g., tax, FP&A, treasury) and deeper integration into enterprise workflows.Regulatory shifts (e.g., OECD Pillar Two, EU VAT mandates, CSRD) are accelerating adoption of tax,ESG, and entity governance tools. These workflows are evolving from manual processes intosoftware-driven functions, offering embedded compliance, reporting efficiency, and audit readiness.Buyers prefer fewer, broader platforms that reduce system fragmentation, streamline procurement,and enable cross-module analytics. This is fueling M&A across categories such as FP&A, close, ARand Treasury, and broader mid-market ERP and HR suites.AI is no longer a feature but a fundamental driver of adoption. In high-judgment workflows like FP&A,treasury, and tax, GenAI and ML are enabling faster insights, smart commentary, and forecastingsupport. Vendors embedding AI natively are gaining traction, with buyers now expecting AI-enabledworkflows as baseline rather than premium.FP&A, benefiting from increasing demand for agile scenario planning and integrated performancemanagement, and equity management, rapidly scaling with continued private markets expansion andincreasingly complex cap tables, emerging as mission critical, SaaS-native tools. 100%TECH-FOCUSEDDeep sector expertise in8 core tech verticalsLEADER INMID-MARKET TECHINVESTMENTBANKINGTop ranked globalboutique investment bankGLOBAL REACHCOMBINED WITHLOCAL PRESENCEOne of the largest techteams with over 100professionals in the US,Europe and Middle EastSTRONGTRANSACTIONTRACK RECORDOver 500 transactionscompleted incl. numerouslandmark tech dealsDRAKE STAR AT A GLANCELEADING GLOBAL TECH INVESTMENT BANKING BOUTIQUEFor more information on recent awards, consult: maadvisor.com and globalmanetwork.com.Sources: PitchBook (includes M&A and private placements across European and North American mid-markets) INDEPENDENTANDPARTNER-LEDPartner-ownedinvestment bank withan entrepreneurial teamRECOGNIZEDBY THE INDUSTRY10x investment bankof the year45x deal of the year6x leadership awards EXTENSIVEM&A ANDCORPORATEFINANCEEXECUTIONSKILLSExecuting wide range oftransactions includingstrategic M&A, sponsorbuyouts / recaps, privateplacements, and carveout deals www.drakestar.com>60%of our sell-sides werefounder exits>70%of our deals werecross-borderDRAKE STAR IS A PARTNER-LED GLOBAL INVESTMENT BANK, 100% TECH FOCUSEDB2B SoftwareFin TechHR TechDigital ServicesIndustrial TechMobility &SustainabilityConsumer &Retail TechDigital MediaFull-suite advisory offeringGlobal reach with deep local execution expertise and relationshipsLeading track-record in global technology dealsTrusted partner with an award-winning industry recognitionSan Francisco, USLos Angeles, USNew York, US16 partnerswith decades of experience~100 professionalswith pure tech focus8 officesacross 5 countriesM&A advisoryGrowth financingsDeep expertise across 8 core tech sub-sectors500+ transactionscompleted10xBank of the Year45xDeal of the YearBoutique TMT InvestmentBank of the Year2025Boutique TMT InvestmentBank of the Year2024Investment BankingFirm of the Year - Europe2022Equity Deal of the Year2025M&A Deal of the Year($100m to $250m)2025USA Deal of the Year(lower mid-markets)2025 www.drakestar.comWHY WE INSTITUTIONALIZE COVERAGE FOR “OFFICE OF THE CFO” SOFTWARE (OCFO)THE OCFO ECOSYSTEM IS A KEY THEME FOR INVESTORS. AT DRAKE STAR, WE HAVE DEEP EXPERTISE IN CORE +ADJACENT SECTORS, ALLOWING US TO LEVERAGE HOLISTIC