M-Files has a wide product portfolio helping businesses to manage information to remain ahead in the competition. In the ECM market space, the company offers various business solutions, such as Document Management System (DMS), EIM, quality and compliance, Contract Lifecycle Management (CLM), invoice processing, project management, human resources, records management, Standard Operating Procedures (SOP), Corrective and Preventive Actions (CAPA), accounting management, and sales and marketing automation. With the help of these solutions, M-FILES Enterprise Content Management (ECM) Software automates business processes, such as change control, corrective and preventive actions (CAPA) and training. As healthcare is one of the growing industry verticals, ECM solution helps to maintain the privacy of information related to patients and easily access the on-time data record. Along with the ECM solution accomplished with advance features, M-FILES Enterprise Content Management (ECM) Software offers various services, including technical support, customer support, consulting, and cloud-based services.
The M-Files EIM solution is gaining popularity in the ECM market, as it eliminates information silos and provides simplified and fast access to data from any business system and device. M-FILES Enterprise Content Management (ECM) Software's unique approach to content management is resulting in higher user adoption of M-Files solutions, and thus, faster Return on Investment (ROI). M-Files offers its solutions on cloud, on-premises, and hybrid deployment models, reducing the IT cost burden on enterprises.
M-Files Presence in Enterprise Content Management Software
M-files is a prominent player in the ECM market. The company is deploying inorganic strategies, such as
partnerships and acquisitions; as well as organic growth strategies, including new product launches and
product developments to strengthen its position in the ECM market. In February 2017, the company
acquired StreamDesign, a consulting and information management service provider. This acquisition has
helped M-Files to expand its business footprint in France, and also its service portfolio. In May 2016, MFiles
formed a partnership with OpusCapita, a Finland-based company, which automates and digitalizes
the cash management, invoice handling, purchasing, and payment procedures. OpusCapita deployed the
M-Files document-management solution to strengthen its document-automation process offering. This will
help OpusCapita’s customers to automate the work process, resulting in improved collaboration, better
decision-making, quick results, and high levels of compliance and security.
In line with the company’s organic growth strategies, M-files launched M-Files contract management
solution in January 2017. This solution was aimed to offer seamless management of business contracts.
This has helped organizations in streamlining and automating business processes, resulting in more
productivity. Furthermore, in October 2016, the company announced its new release of M-Files 2015.3.
This release is an updated version with advance feature of searching along with the capabilities of
enhancing productivity and efficiency. All the above instances show that M-Files invests a substantial
amount of its total business in its Research and Development (R&D) activities to cater to the increasing
demands in the ECM market.