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What does eFileCabinet do?
eFileCabinet, is a paperless document management company. It began as a cutting edge tool for digitally storing records in accounting firms. Over time, the company has evolved into a sophisticated but simple electronic document management solution designed for helping organizations capture, manage and protect their data irrespective of their industry. it has 153,000 users which include SMBs and enterprises in the accounting, insurance, financial services, HR, medical, small government verticals and many others.
it provides a one stop solution which enables businesses easily go paperless in a compliant, secure and affordable fashion.
How much eFileCabinet was funded?
eFileCabinet raised $14M in Series B funding on June 9, 2015 from Signal Peak Ventures and Allegis Capital.
Previous funding
$11M in Series A funding on May 4, 2015
What is next for eFileCabinet?
The company plans to use the latest investment to invest in sales and marketing efforts, and strategic partnership and OEM opportunities. The company’s growth history is very impressive, along with a platform which can be scaled from SMB to enterprise, made the latest investment attractive.
More about eFileCabinet
eFileCabinet was founded in 2001 and has its headquarters in Lehi, UT. It is available on cloud and on premise platforms. It automates the process of organizing and managing files. It acts as a central repository for all working and archived files, enabling the users to securely manage, retain, route and share their files. This platform helps companies go paperless to do more than just place files in the cloud.
Companies who want to go paperless want to do more than simply place their files in the cloud. Businesses can choose from a suite of affordable, integrated services and software to put together a total document management workflow. This startup is increasing revenue for paper heavy industries with an efficient document management solution which also reduces the compliance workload.
