Cloud-based business process management software company Promapp says the company has achieved revenue growth of 95% over three years on the back of entry into the US market with its cloud platform.
According to Promapp CEO, Ivan Seselj, the growth in revenue has seen the company placed, for the third time in three years, as one of 45 New Zealand companies ranked on the Deloitte Technology Fast 500 Asia Pacific 2017.
Seselj credited the growth to the successful entry of Promapp’s cloud-based process improvement platform into the US market.
Seselj said some of the innovations the company released in 2016 are also paying dividends and meeting market needs, particularly process variation management for multi-nationals.
{loadposition peter}“Many organisations are struggling with outdated approaches to manage critical process information, still storing it in formats that are neither accessible to teams across the business nor easily updated. Issues of process ownership, engagement and change management abound.
“Promapp has a great opportunity moving forward to support organisations with business-critical challenges, such as supporting transformation, digitising existing process knowledge, or focussing on their process governance and change management culture,” Seselj said.
Promapp provides cloud-based business process mapping software which enables process improvement, quality assurance and risk management in line with ISO, Six Sigma and Lean principles.
Seselj said the software is designed to replace hardcopy procedure manuals and he claims usage by more than 120 local councils across Australia and New Zealand as well as major medium to large enterprise organisations including ConnectWise, MorganFranklin Consulting, Coca-Cola Amatil, Michigan State University, Air New Zealand, Toyota, Ricoh, McDonald's, Audi Australia, and the Department of Justice, Victoria.
"Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive, fast-changing technology industry," said Toshifumi Kusunoki, DTTL Leader, Deloitte Technology Fast 500 Asia Pacific program. "We congratulate Promapp on being one of the 500 fastest growing technology companies in the region."
“We are thrilled to be honoured with this ranking again for the third time in three years, a testament to the entire Promapp team’s drive to support customer success with business process management solutions which deliver real business benefit,” said Seselj.