SaaS startups have become the darling of Venture Capital investors, especially in the Document Management industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 9 VC funded SaaS startups in the Document Management industry.
The cloud-based human resource management system Buk combines a variety of HR capabilities into a single platform. The program offers solutions for benefits administration, people management, payroll, timekeeping, and recruitment, among others.
DocDigitizer used AI/ML for data extraction and improved human in-the-loop to cut costs by more than 50%. Our principal clients include Banks, Insurers, Telcos, Logistics, and Governments. Documents into Data in Seconds saw a 6x growth in 2020, and a further 6x growth is anticipated in 2021. Speed & Accuracy Exceeding Humans. You can securely record, extract, and transform bills, receipts, and invoices into structured data for use in your mobile app, website, or back office with the help of a fully integrated suite of data transformation solutions.
Banks and insurance businesses may use EasySend to swiftly transform paper forms and cumbersome PDFs into digital journeys. EasySend is a no-code platform for creating and improving digital customer journeys that is specifically designed to meet the special needs of international financial institutions and insurance providers. Any banking or insurance use case is supported by the EasySend platform with pre-built components, including end-to-end digital mortgage loans, policy renewals, claims, and user onboarding. EasySend's powerful analytics and optimization engine equips its users to fully understand complicated digital workflows, identify churn-causing issues, streamline procedures, and increase income. Its clever eForms seamlessly interact with any third-party service, including out-of-the-box integration with top CRMs like Salesforce and Microsoft Dynamics, as well as legacy and core banking systems. Since its founding in 2016, EasySend has served over forty enterprise customers, including top financial institutions and insurance companies in the US, Germany, DACH, UK, Japan, and Israel. The company's solution has been adopted by over 90% of the Israeli financial and insurance markets and is quickly growing on a global scale.
Klarity's software simplifies your ASC 606 or IFRS 15 customer contract review process. Klarity normalizes your contract review controls through a standardized checklist, uses Machine Learning to review customer contracts for clauses with potential revenue impact, documents technical Revenue Recognition impact according to ASC 606 or IFRS 15, and stores all relevant documents (e.g. MSA, Order Form, RevRec schedule and Invoice) in one record. Klarity was founded by Andrew Antos, a Harvard lawyer, and Nischal Nadhamuni, an MIT Computer Science graduate.
Nick Ustinov and Petr Antropov established the entirely remote firm Lokalise in 2017. The solution is a cloud-based platform that facilitates cooperation between developers, designers, translators, and project managers and acts as a single source of truth for content and translations. It also speeds the translation and localization process. Automated data entry from prototyping platforms to the live final product is made possible via APIs, SDKs, and plug-and-play interfaces. From start-ups to Fortune 500 enterprises, Lokalise has 2,000 clients in more than 80 countries.
The industry leader in information management is M-Files. Knowledge workers can rapidly discover the appropriate information in any context, automate business processes, and enforce information control thanks to the M-Files metadata-driven document management platform. Businesses benefit from this because they can produce better customer experiences and higher-quality work with less risk, giving them a competitive advantage and significant ROI.
When it comes to automating comprehension, two-way communication to handle errors, receiving documents through numerous channels, and acting on the data utilizing intricate interconnections, Rossum addresses four essential elements in document-based processes at once. Rossum automates business communication whether you receive invoices, purchase orders, claims, or any other papers.
SEDNA is email redesigned, with team collaboration and intelligence at its heart. Real-time information about the projects and transactions they are tied to is added to emails and other forms of communication. In the digital workplace provided by SEDNA, users may execute tasks more quickly and seamlessly while providing a single source of truth for the whole business through a single integrated system.
Templafy is a fast-growing B2B Software-as-a-Service company, helping more than 1.5 million users improve productivity, branding, and compliance across business documents, presentations, and emails. Templafy’s platform assists enterprise employees in each stage of the document creation workflow, delivering productive, compliant and enjoyable ways of working in office applications. It’s a solution that communications and compliance teams can control, IT can trust, and employees love using. Founded in Copenhagen, Denmark in 2014, Templafy’s team leveraged more than 15 years of experience in template management and document automation to develop a cloud service solution now used by enterprise customers from all industries. Templafy’s offices are currently located in New York, Copenhagen, Berlin and Eindhoven, representing 40+ nationalities, and the Templafy team serves customers all over the world.
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