Wednesday, September 07, 2016

Box Banks on New Product Built With IBM to Reach More Business Customers - Bloomberg

Later in the article: "'About 150 percent of our customers' have told Box they need this sort of software, Levie said."

"Called Box Relay, the product lets customers build processes and invite workers and outside partners to participate. They can review, edit, upload and reject needed documents and receive alerts to keep up to date on progress. It relies on workflow software from Box partner International Business Machines Corp. 
Currently companies use a variety of programs for this kind of collaborative effort, from older, complex products like Microsoft Corp.'s SharePoint and EMC Corp.'s Documentum to spreadsheets and e-mails that aren't meant for managing workflow. Box wants to create a more general-purpose tool that can handle processes that require lots of documents that are often stored in dozens of applications. The cloud file-sharing and synchronization company is trying to add paying customers to reach profitability after going public in January 2015."
Box Banks on New Product Built With IBM to Reach More Business Customers - Bloomberg
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