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 automatically fills in data into templates, and an eSignature solution for obtaining digital signatures on any device. Formstack differentiates itself by offering integration with over 250 business systems and a specialized solution for Salesforce users, allowing them to manage forms, documents, and signatures within their Salesforce environment. The company's goal is to save time and improve efficiency for businesses of all sizes through its subscription-based services.

Simplify's Take

What believers are saying

• The acquisition of Open Raven and Formsite enhances Formstack's data management and form capabilities, positioning it as a more comprehensive solution in the workflow automation market.
• The appointment of Aled Miles as CEO signals a new phase of growth and strategic direction, potentially leading to innovative product developments and market expansion.
• Partnerships with companies like WeInfuse and Twilio demonstrate Formstack's commitment to enhancing patient engagement and expanding its influence in the healthcare sector.

What critics are saying

• The frequent changes in leadership, such as the recent CEO appointment, could lead to strategic instability and affect company morale.
• The competitive landscape of workflow automation is intense, with numerous players offering similar no-code solutions, which could dilute Formstack's market share.

What makes Formstack unique

• Formstack's no-code platform allows businesses to automate workflows without requiring technical expertise, making it accessible to a broader range of users compared to competitors that may require coding skills.
• The company's specialized solution for Salesforce users offers a unique, integrated experience that transforms Salesforce into a comprehensive workflow automation tool.
• Formstack's extensive integration capabilities with over 250 business systems provide unmatched versatility and ease of use for clients across various industries.