What Faveo does

Faveo GmbH is a German cloud ERP provider founded in 1995 and headquartered in Münster, with operational offices in Essen. The company develops and sells 'faveo 365,' a cloud-based ERP solution built on Microsoft Dynamics 365 Business Central, targeted at small and medium-sized merchants, online retailers, and wholesale businesses in Germany. The platform integrates accounting, inventory management, payment processing, and reporting with major e-commerce shop systems (Shopware, Magento, Shopify, xt:commerce) and marketplaces (Amazon, eBay), along with specialized German trade network integrations (NORDWEST e-Services, E/D/E), and includes a native DATEV export interface for German accounting compliance. Cloud hosting is provided via Microsoft data centers in Frankfurt and Magdeburg, and the Mobile WMS Scanner add-on extends warehouse operations to mobile scanning devices with offline capability.

The company monetizes through a hybrid model combining monthly SaaS subscriptions (billed via Recurly), one-time perpetual licenses, professional services for custom implementations, and third-party software resale. Distribution is primarily direct, combining enterprise field sales for larger SME deployments with inside sales, free 30-day trials, web demos, and content marketing through an extensive blog and downloadable guides. Faveo is a subsidiary of GWS-Unternehmensgruppe since 2018, holds Microsoft Gold Competency Partner status for ERP, and carries the NWConnect quality seal from NORDWEST. The company is led by Managing Director Udo Lorenz, who has over 20 years of experience at GWS, and serves 'several hundred' small and medium-sized named companies across Germany.

Name

Faveo

Legal name

faveo GmbH

Website

https://www.faveo.com/

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Faveo develops cloud based ERP solutions for SMEs combining multichannel sales and strong ERP functions to provide complete automation.

Ownership category

akta.pro rank

Product category

Cloud ERP Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)

akta.pro secondary industries

Distribution & Wholesale ERP (Inventory, Order, Warehouse) (HDAEAEAC), Retail ERP (Merchandising, POS Back Office) (HDAEAEAD)

Keywords

• Cloud ERP software
• ERP for merchants
• Multichannel retail software
• Business Central ERP
• Warehouse management software

Headquarters

HQ city

Essen

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Perpetual License: One-time payment model granting perpetual, non-transferable usage rights to specified software
2. Professional Services: Software development, consulting, and support services for custom implementations
3. Cloud ERP Subscription (SaaS): Monthly subscription model for cloud-based ERP access. Users subscribe monthly with automatic renewal until termination. Payment processed through Recurly billing partner.
4. Third-party Software Resale: Resale of third-party software, data center, and cloud services as a reseller

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

faveo 365 is a cloud-based ERP solution for traders, built on Microsoft Dynamics 365 Business Central, that unifies accounting, inventory management, payment processing, and reporting with all major shop systems and marketplaces within a single cloud application. It combines multichannel sales distribution with full ERP functionality to provide complete automation along the value chain in both B2C and B2B contexts, hosted in Microsoft data centers in Frankfurt and Magdeburg.

Product overview

Faveo offers a unified product portfolio centered on favo 365, a comprehensive cloud-based ERP system for traders. The core offering is favo 365, powered by Microsoft Dynamics 365 Business Central, which serves as the primary platform integrating accounting, inventory management, purchasing, sales processing, payment, reporting, and web shop/marketplace connectivity within a single cloud application. This core platform is complemented by the favo Mobile WMS Scanner add-on, which extends warehouse management capabilities to mobile scanning devices. Together, these products provide complete process automation from procurement through fulfillment across multiple sales channels.

Differentiator

Problem solved

Functional benefit

Brands

• faveo 365: Cloud-ERP solution powered by Microsoft Dynamics 365 Business Central, combining accounting, inventory management, payment, reporting with shop systems and marketplaces in a cloud-based application

Products and services

• faveo 365 Cloud-based ERP solution powered by Microsoft Dynamics 365 Business Central that unifies accounting, inventory management, payment, reporting, and shop system/marketplace integrations for traders and merchants. Designed for SMEs and online retailers in Germany requiring multichannel automation across B2B and B2C processes.
• faveo Mobile WMS Scanner Mobile warehouse management scanner solution for Microsoft Dynamics NAV that operates both online and offline, automates warehouse processes to reduce error rates, and offers a customizable user interface for warehouse staff.

Quantifiable outcome

• Complete automation along the value chain for merchants
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• GWS-UnternehmensgruppecoreStrategic or Co-development Partner · 1 January 2018Parent company of Faveo GmbH since 2018. GWS is a larger enterprise software group specializing in ERP solutions. Faveo operates as a subsidiary within the GWS group structure.
• MicrosoftcoreTechnology or Integrationfaveo 365 is built on Microsoft Dynamics 365 Business Central. Faveo is a Microsoft Gold Competency Partner for ERP. Solution is hosted in German Microsoft data centers in Frankfurt and Magdeburg.
• NORDWEST Handels AGcoreStrategic or Co-development PartnerCertified partnership providing specialized ERP solution for NORDWEST trade partners. Solution carries NWConnect quality seal for optimal support of digital processes and interfaces to NORDWEST e-Services including eSHOP, central warehouse, and EDI.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Lexware (Haufe Group): Lexware is a leading German SMB accounting and ERP software suite with strong DATEV integration. It competes directly with Faveo 365 in the German SME market for cloud-based business management and accounting workflows.
• sevDesk: sevDesk is a German cloud-based accounting and ERP platform targeting SMEs and freelancers. It competes with Faveo 365 in the same German SME cloud ERP space, with DATEV integration and modular feature sets.
• weclapp: weclapp is a German cloud ERP suite covering CRM, warehouse management, and accounting for SMEs. It directly competes with Faveo 365 across similar SMB cloud ERP use cases in the German-speaking market.
• Sage (Sage 50 / Sage Business Cloud): Sage offers cloud accounting and ERP solutions tailored to SMEs globally. It competes with Faveo 365 for SMB cloud ERP customers, particularly in retail and wholesale verticals.
• Lexoffice (Haufe Group): Lexoffice is Haufe Group's cloud-based accounting solution for German SMEs and freelancers. It overlaps with Faveo's SME accounting and ERP positioning, especially for German tax-compliance-driven workflows.
• Odoo: Odoo is an open-source ERP platform with strong e-commerce, accounting, and inventory modules. It competes with Faveo 365 across multichannel retail and SMB ERP use cases, with growing presence in DACH.
• TradeVue / Amicron (Hansalog): Hansalog's TradeVue and Amicron products target German wholesale and trading SMEs with ERP and merchandise management functionality. They compete with Faveo 365's wholesale and merchant-focused ERP capabilities in the German Mittelstand.

Broad incumbents

• SAP Business One: SAP Business One is SAP's mid-market ERP offering with established German market presence and partner ecosystem. It competes with Faveo 365 for SME cloud ERP customers, though typically at larger deal sizes and with broader functionality.

Others

• Microsoft Dynamics 365 Business Central: Dynamics 365 Business Central is the underlying platform on which Faveo 365 is built. As both platform and competitor (Microsoft sells BC directly), it shapes Faveo's product capabilities and represents both an enabler and a competitive threat.

Emerging players

• Actindo: Actindo provides cloud ERP and commerce operations platforms for German SMBs and online retailers. It competes with Faveo 365 in the multichannel e-commerce ERP niche with comparable marketplace and shop system integrations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/faveo
• Facebookfacebook.com/faveo

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Faveo