eFileCabinet

eFileCabinet, Inc.
Private
Industry document management software, enterprise content management
Founded 2001
Headquarters Lehi, Utah
Key people
 Matt Peterson, President
CEO
Jeff Coulter, Chief Operating Officer
Products eFileCabinet Online 2016
eFileCabinet On-Premise 2016
SecureDrawer Web Portal
eFileCabinet SideKick
Enterprise Access
Website www.efilecabinet.com

eFileCabinet is a company headquartered in Lehi, UT, selling proprietary software to manage and store documents, content, and records, either on-site or in the cloud.[1]

Founded in 2001 by James Blaylock, eFileCabinet originally serviced clients in the accounting industry where Blaylock worked before founding the company, but has since expanded to service many other industries,[2] including but not limited to construction, banking, healthcare, insurance, law, manufacturing, retail, oil & gas, transportation, and education. As of January 2016, eFileCabinet had over 160,000 users.[3]

History

What would eventually become eFileCabinet software began as an internal product designed to store digital records at founder James Blaylock's accounting firm.[2] Word spread about Blaylock's new software, generating demand for the software among other accounting firms. In response to this demand, Blaylock founded eFileCabinet in 2001 to build upon, improve, and market the software.[4]

On July 21, 2007, Matt Peterson replaced James Blaylock as president and CEO of the company. Peterson had previously served as COO since joining the company in January 2007. Blaylock moved to serve as chairman of the board.[5]

In 2008, eFileCabinet received $1 million in venture capital from Canopy Ventures, an early-stage venture capital firm.This allowed eFileCabinet to expand from servicing only accounting firms to various other industries, including government, healthcare, finance, and insurance.[6] After seven years of stable growth, eFileCabinet received 11.05 million in Series A venture capital funding from BYU Cougar Capital in May 2015.[7] The following month, the company received a combined $14 million in Series B venture capital funding from Palo Alto, Calif.-based venture capital firm, Allegis Capital and Signal Peak Ventures in Salt Lake City, UT, bringing the company's total funding to $26.05 million.[8] eFileCabinet has since used this funding to roll-out new products like the eFileCabinet SideKick, revamp existing products, and enter the enterprise content management (ECM) vendor space.

Products

eFileCabinet provides a suite of proprietary software products and services in the form of document management, creating a paperless office environment that reduces organizations' environmental footprint, increases efficiency, and simplifies compliance. The paperless office eFileCabinet enables is typically viewed as an environmentally-friendly, cost-effective alternative for businesses.[9]

In 2016, eFileCabinet opted out of Microsoft Silverlight as its framework of choice for its products, using HTML 5 instead to increase integration with the company's web sharing portal, SecureDrawer, and other third-party software like sage, foxit, caselle, and QuickBooks. eFileCabinet also released the SideKick in 2016: A product designed to bridge the gap between the typical desktop and eFileCabinet software. eFileCabinet also released an updated version of Enterprise Access (a satellite/remote access tool for larger organizations), and zonal optical character recognition (OCR), which enables users to scan and read specific portions of documents. eFileCabinet also released software in 2016 that is Mac OS X compatible.[10] Below is a list of the three main products, including their main functions:

1) eFileCabinet Desktop 2016: An on-premise document management solution

2) eFileCabinet Online 2016: A cloud-based document management solution

3) SecureDrawer: A web and client sharing portal for exchanging sensitive information

4) The eFileCabinet SideKick: A connector of eFileCabinet software and the desktop that comes with a computer's operating system

5) Enterprise Access: A satellite/remote access tool for organizations with multiple branches, and or office locations

Awards and reception

The company won a CPA Practice Advisor Readers' Choice award in 2012 for the cloud version of their proprietary software that released in 2011.[11]

In 2013, 2014, and 2015 the Mountain West Capital Network listed eFileCabinet as one of the 100 fastest growing companies in Utah. [12] [13] [14]

eFileCabinet received a mention from Network World.com as product of the week in January 2016.[15]

The company has also been named to the Fastest Growing Companies list by Utah Valley Business Magazine in 2014[16] and 2013.[17]

Chal Daniels of Harvest Financial LLC said in an article for Investment News that he appreciates how easy eFileCabinet's software is to use, its intuitive nature, and the fact that it is relatively inexpensive compared to other document management solutions.[18]

Utah Valley 360 listed eFileCabinet as one of the top 30 fastest growing companies in 2014. [19]

In 2013 and 2014, Inc. listed eFileCabinet as one of the fastest growing private companies in America. [20]

See also

References

  1. ↑ , August 8, 2014. 2014 Review of eFileCabinet. CPA Practice Advisor. www.cpapracticeadvisor.com
  2. 1 2 , December 3, 2008. eFileCabinet 4.0: Manage Documents, Compliance, and Backup. Small Busisness Computing. wwww.smallbusinesscomputing.com
  3. ↑ http://allegiscap.com/2016/01/
  4. ↑ , January 20, 2009. Provo Company's Software ends paper storage. Salt Lake Tribune. www.sltrib.com.
  5. ↑ , July 21, 2008. Matt Peterson from COO to President and CEO of eFileCabinet. Storage Newsletter. www.storagenewsletter.com.
  6. ↑ , July 9, 2008. Canopy Ventures Invests in eFileCabinet. Business Wire. www.businesswire.com.
  7. ↑ "efileCabinet | CrunchBase". www.crunchbase.com. Retrieved 2016-04-08.
  8. ↑ "eFileCabinet Raises $14 Million". Accounting Technology. Retrieved 2016-04-08.
  9. ↑ , No Date Available. The Paperless Office - It's Time Has Come. www.snowbound.com.
  10. ↑ "eFileCabinet Releases 2016 Cloud Edition". Yahoo Finance. Retrieved 2016-04-11.
  11. ↑ , August 8, 2014. 2014 Review of eFileCabinet. CPA Practice Advisor. www.cpapracticeadvisor.com.
  12. ↑ "eFileCabinet Honored by MountainWest Capital Network". eFileCabinet. Retrieved 2016-04-18.
  13. ↑ "MWCN Unveils the 2014 Utah 100 Rankings - MWCN". MWCN. Retrieved 2016-04-18.
  14. ↑ "MountainWest Capital Network Releases Utah 100 Fastest Growing Companies – the Hottest Business Climate in US - MWCN". MWCN. Retrieved 2016-04-18.
  15. ↑ Francis, Ryan. "New products of the week 1.25.2016". Network World. Retrieved 2016-04-12.
  16. ↑ , Fall 2014. Utah Valley Business Quarterly. www.utahvalley360.com.
  17. ↑ , Fall 2013. Utah Valley Business Quarterly. www.utahvalley360.com.
  18. ↑ "Don't overlook eFileCabinet offering". Retrieved 29 December 2015.
  19. ↑ "UV50: Top 30 Fastest-Growing Companies". UtahValley360. Retrieved 2016-04-18.
  20. ↑ "Beehive Startups | Utah Places 86 Companies in the Inc. 5000 Fastest Growing Companies List". Beehive Startups. Retrieved 2016-04-18.

Further reading

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