Snapfulfil predicts triple figure growth off back of record quarter
Fast-growing cloud warehouse management system provider, Snapfulfil, has experienced one of the most successful sales periods in its 40 year history, securing new business that is expected to generate contract revenues of around $2.3 million.
In the US, the company has secured new business in a highly competitive market, including a major contract with a speciality retailer which has more than 500 outlets across North America and expects to achieve payback on their six figure WMS investment within five months of go-live.
Within the European market, Snapfulfil has won new business with retailers including Merlin Archery and LoveCrafts, along with additional business from its expanding customer base.
Snapfulfil revenues have more than doubled over the last five years and the company expects to achieve triple digit growth in the US next year.
Snapfulfil's US Head of Sales, Chris Anton says: "Software as a Service continues to gain traction, not only with our traditional SMB customer base who are embracing the cloud as a competitive differentiator, but also amongst enterprise companies who have fixed IT budgets and are adopting SaaS or true cloud solutions to help subsidiaries accelerate speed to value."
"In the past, companies wanting to streamline their warehousing operations had two choices - a low cost solution - often their ERP's WMS – at the expense of the sophisticated functionality required to support a truly efficient warehousing operation, or an on-premise Tier 1 WMS with far greater 'fit for purpose' but with a lengthy implementation process and enormous price tag to match."
"With Tier 1 functionality, our No-Capex business model and implementation in as little as 45 days, our customers increasingly see Snapfulfil as a 'best of both worlds' solution and this continues to stimulate strong demand for our system."