LOS ANGELES, March 3, 2015 -- Chrome River Technologies, a leading provider of expense management software and automated invoice processing, today announced that it closed 2014 with annual revenue growth of nearly 40 percent over the previous year.
The company’s continuing growth was fueled by widespread adoption from customers across many industries. An increasing market stimulus has also been provided by the rapidly changing landscape of the enterprise market: IBM announced the end of operations for its product, and SAP will sunset its Cloud offering. Companies increasingly appreciate the advantages of enterprise solutions that truly are best in class.
In the fourth quarter, the company signed a record number of companies for its expense management solutions. Expansion into the Fortune 500/1000 market helped power this growth. December brought in the largest number of signings in one single month since the company’s inception in 2007.
“2014 was a year of tremendous growth for our company,” said Alan Rich, co-founder and CEO of Chrome River. “Along with North American companies, we added many new international organizations to our customer base. Our success in 2014 validates that by continuing to create innovative, flexible and easy to use software, Chrome River is a standout choice for companies of all sizes.”
Chrome River provides industry-leading expense reporting and invoice management solutions and has offices in Los Angeles and London. The company was named for the third consecutive year to the annual Inc. 500|5000 list of fastest growing companies, due to its expansion in North America, EMEA and growth in new markets.
About Chrome River
Chrome River Technologies, Inc. provides expense reporting and supplier invoice automation solutions that uniquely combine the latest available internet technologies with a team of industry-leading implementation and support experts. Chrome River delivers immediate payback via a “Software as a Service” delivery model that requires no hardware, no software, and no long-term commitment. This unique service is easily configurable to meet the needs of organizations worldwide with complex expense management policies and collaborative approval processes. Locate additional information about our solutions and request a Chrome River demonstration today by visiting the company website or by calling +1.888.781.0088.