The company recently made the significant announcement that it has raised $14M in Series B funding from investment firms that include Allegis Capital and Signal Peak Ventures.
eFileCabinet’s virtual document management system continues to experience significant adoption rates in new industries in addition to its historical customer base of accountants and tax professionals. For industries where regulatory compliance is mandated, business owners and compliance officers are choosing eFileCabinet to reduce the compliance overhead incurred from laws and regulatory bodies such as HIPAA (which governs healthcare information privacy and security), FINRA (the organization that regulates investment brokerage firms and exchange markets), SEC, and others. As small business owners face the increasing demands of complying with regulatory requirements in their respective industries, eFileCabinet’s document management software solves common issues related to storing, securing, retrieving, archiving, and purging documents ranging from W2’s and other IRS-required tax documents to audit documents for logistics companies.
Contributing to the growth and attractiveness of the eFileCabinet offering is the increasing recognition by business owners that cloud storage solutions such as DropBox, a popular file hosting service, lack compliance features and other critical document management elements that are provided by eFileCabinet’s solution. Instead of simply storing their documents in a generic cloud-based service, more businesses are looking for solutions that handle the document management activities required for their organizations.
For more information about eFileCabinet and its product offerings, contact the company at 877.574.5505 or sign up for a demonstration of their solutions.