About

Formstack provides a platform for workflow automation that helps businesses streamline various processes like sales, employee onboarding, and data collection. Its software is user-friendly and does not require coding skills, making it accessible for users of all technical levels. Key features include digital forms for collecting payments and leads, a document generator that automates data entry into professional documents, and an eSignature solution for obtaining digital signatures on any device. Formstack operates on a subscription-based model, charging clients a recurring fee for access to its services. It caters to a diverse clientele, from small businesses to large enterprises, and integrates with over 250 business systems. A unique offering for Salesforce users allows them to manage forms, documents, and signatures within their Salesforce environment, enhancing their workflow efficiency.

Simplify's Take

What believers are saying

• Growing demand for no-code platforms empowers non-technical staff to manage workflows independently.
• Acquisitions like Open Raven enhance data security and privacy in workflow automation.
• Partnerships with CRM platforms like Salesforce improve customer experience and integration.

What critics are saying

• Increased competition from no-code platforms like Creatio may dilute Formstack's market share.
• Integration challenges from acquisitions like Open Raven could pose security vulnerabilities.
• New CEO Aled Miles may lead to strategic shifts misaligned with customer expectations.

What makes Formstack unique

• Formstack offers a no-code platform for easy workflow automation and document management.
• The company integrates with over 250 business systems, enhancing versatility and efficiency.
• Formstack provides specialized solutions for Salesforce users, enhancing CRM capabilities.

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