In a world where businesses are confronted with the formidable challenge of managing complex legal entities and intricate organizational structures, Series emerges as a revolutionary platform poised to supplant traditional Enterprise Resource Planning (ERP) systems. Bolstered by an infusion of $25 million in funding, Series offers a centralized and automated solution that promises to streamline the convoluted stacks of finance and operations. At the helm of this innovative venture are its founders: Brexton Pham, Daniel Lai, and Tamby Kojak. These visionary leaders bring a wealth of diverse experiences and knowledge to the table, culled from their respective backgrounds. Brexton Pham boasts prior experience garnered from renowned companies such as Tinder, Slack, and Kleiner Perkins. Daniel Lai, on the other hand, brings a wealth of financial and consulting expertise, having plied his trade at PayPal and McKinsey. Tamby Kojak, with a track record of launching two successful ventures, adds extensive experience in IT engineering and automation.
Modular Transformation of ERP Systems
Series boldly distinguishes itself from its traditional ERP counterparts with its modular approach. In stark contrast to traditional ERP systems that compel customers to purchase an entire suite, Series empowers its clientele to cherry-pick the specific features they deem necessary. This modular architecture allows businesses to tailor their solutions based on their current exigencies. Whether it’s payroll and benefits management, contract lifecycle management, business-to-business payments, or treasury management, Series presents individual product modules that customers can artfully combine to construct bespoke solutions.
Advantages of Opting for Series
The decision to embrace Series translates into the adoption of a consolidated, simplified, and hyper-efficient alternative to conventional ERP systems. This modular framework confers unparalleled flexibility and customization, ensuring that businesses only foot the bill for functionalities that align with their immediate needs. This cost-efficient model assists enterprises in economizing their financial resources and deploying them with surgical precision. Furthermore, Series’ platform boasts user-friendliness and effortless configurability, drastically curtailing the time and effort historically linked to the deployment and management of an ERP system.
A Closer Look at the Platform’s Features
Payroll and Benefits Management
Series boasts a comprehensive module dedicated to payroll and benefits management, simplifying the once labyrinthine process. This module streamlines the management of employee compensation, benefits administration, tax calculations, and compliance with labor laws. Through Series’ payroll and benefits management system, companies stand to save time, mitigate errors, and guarantee the accurate and punctual disbursement of employee remuneration.
Contract Lifecycle Management
The task of contract management, often intricate and time-consuming, is addressed with finesse by Series’ contract lifecycle management module. It provides an integrated solution that covers contract creation, storage, tracking, and management. By virtue of this module, companies can streamline their contract workflows, enhance compliance, and minimize the risk of errors or missed deadlines. With Series, companies gain heightened efficiency in the management of contracts while maintaining a tight grip on their contractual obligations.
Business-to-Business Payments
Series’ expansive platform incorporates a module designed for business-to-business payments, facilitating seamless and secure transactions between corporate entities. This module eases the processing of invoices, payment approvals, and disbursements. By digitizing and automating these payment processes, companies enhance accuracy, reduce manual errors, and boost overall financial efficiency.
Treasury Management
Efficiently managing cash flow and liquidity ranks paramount in safeguarding a business’s financial well-being. The treasury management module within Series equips businesses with tools to optimize their cash management processes, monitor cash flow, and make well-informed financial decisions. This module empowers companies to elevate working capital management, automate cash forecasting, and mitigate financial risks. Through Series’ treasury management module, companies gain a heightened degree of control and visibility into their financial operations.
Interoperability and Integration
Unified Access and Permissions
Series’ platform champions unified access and permissions across all of its modules. With a single sign-on system in place, Series vigilantly monitors access rights and permissions associated with each module, granting businesses the ability to efficiently oversee user roles and data security. This unified approach translates into heightened security measures, streamlined user management, and a significant reduction in administrative overhead involved in maintaining access control across disparate systems.
Integration with Vendors and Existing Systems
One of Series’ standout features is its seamless integration capability, allowing businesses to integrate their preferred vendors and pre-existing systems into the platform. Whether it’s connecting payroll providers, billing systems, or financial institutions, Series accommodates these integrations with ease. This integration prowess effectively obviates the need for companies to embark on full-scale replacements of their existing systems. In essence, Series furnishes a more flexible and streamlined solution by integrating seamlessly with vendors and existing systems, enabling businesses to leverage their extant investments while harnessing the full potential of the comprehensive Series platform.
Building Tailored ERP and Back Office Systems
Series affords businesses the unique opportunity to craft bespoke ERP and back-office solutions. Armed with a selection of desired modules and a knack for integration, companies can fashion a system attuned to their idiosyncratic requirements. This flexibility empowers companies to whittle away unnecessary features and zero in on their core operations. The Series platform empowers businesses to construct an integrated ERP and back-office environment from the ground up, all without the encumbrance of external systems or convoluted integration processes.
Automation and Streamlined Workflows
Automation looms large on the Series platform’s agenda. The company is actively developing automation tools geared toward expediting task execution across various services. These tools are designed to simplify processes such as form filling and document generation by automating repetitive tasks. By minimizing manual intervention and obliterating human errors from the equation, companies stand to reap the benefits of heightened efficiency and productivity. Through automation, Series effectively equips businesses to optimize their workflows and channel their energies into value-added activities.
Enhancing Communication and Coordination
Series aspires to enhance communication and coordination among its modules to ensure the seamless flow of workflows. By fostering inter-module communication, Series obviates the need for manual data transfers or reconciliation efforts. This level of integration ensures that information flows smoothly between modules, minimizing delays and errors. Businesses can savor improved collaboration and real-time data synchronization, which collectively bolster operational efficiency.
Future Prospects: Revenue Operations and Productivity Management
Looking ahead, Series envisions the rollout of modules dedicated to revenue operations and productivity management. By broadening the scope of its platform’s capabilities, Series aims to further optimize business processes and enhance productivity. These modules will empower companies to streamline revenue-related activities such as sales order management and customer relationship management. By centralizing and automating revenue operations, Series enables businesses to focus on revenue growth and customer satisfaction.
Series’ Clientele: A Spectrum of Businesses
Series caters to a wide spectrum of clientele, ranging from small startups to large enterprises. Its modular approach lends itself well to customization, allowing businesses of all sizes to craft ERP and back-office solutions tailored to their unique requirements. Whether a fledgling startup or a corporate giant, Series’ platform boasts the flexibility and scalability necessary to support a diverse array of business needs. The platform’s user-friendly design ensures that companies, regardless of their size or sector, can readily adopt and deploy Series’ modules.
Current Client Base
While the exact figures for Series’ annual recurring revenue have not been disclosed, the startup currently boasts “hundreds” of clients in its portfolio. This clientele encompasses asset managers, small and medium-sized enterprises, as well as large corporations. Series’ comprehensive platform exerts a broad appeal across diverse industries, offering customizable solutions that cater to specific operational needs. The burgeoning number of clients bears testament to the value and efficacy of Series’ platform in addressing the pain points associated with traditional ERP systems.
Projected Annual Recurring Revenue
Series anticipates a steady growth trajectory for its annual recurring revenue as more companies embrace its platform. With its modular approach and cost-effective pricing model, Series provides businesses with an affordable alternative to traditional ERP systems. As businesses increasingly recognize the benefits of streamlined workflows, heightened efficiency, and reduced costs, Series’ annual recurring revenue is poised for expansion. The company’s strategic focus on diversifying revenue streams through a range of software-as-a-service products further augments its long-term growth potential.
Competition in the ERP Space
Series operates in a highly competitive ERP market, characterized by established companies and innovative startups vying for market share. Established players such as NetSuite have long dominated the landscape, offering comprehensive ERP solutions to enterprises. However, startups like Series are disrupting the market with their innovative and modular approach. These startups aim to bridge the gaps left by traditional ERP systems, providing businesses with a more flexible and user-friendly ERP solution.
Distinguishing Through Ease of Configuration and Use
One key factor that sets Series apart from its competitors is its emphasis on ease of configuration and use. While legacy ERP systems often require months of implementation and dedicated sales teams, Series offers a streamlined and efficient integration process. Companies can swiftly adopt and integrate Series’ modules into their existing systems, minimizing disruptions and maximizing productivity. This focus on user-friendliness provides Series with a competitive edge, particularly among businesses seeking a hassle-free ERP solution.
Diverse Software-as-a-Service Products
To further differentiate itself in the ERP space, Series offers a diverse range of software-as-a-service products. Each of these products serves as an independent application with its market niche. By diversifying its product offering, Series not only expands its revenue streams but also provides businesses with comprehensive solutions to address specific needs. This approach empowers companies to build a customized ERP and back-office environment by selecting the most relevant products for their operations.
In Conclusion
In conclusion, Series is primed to revolutionize the ERP industry with its modular and user-friendly platform. By tackling the complexities and challenges associated with traditional ERP systems, Series offers businesses an economical, customizable, and efficient alternative. With a focus on automation, seamless workflows, and interoperability, Series empowers companies to optimize their operations, boost productivity, and fuel growth. The burgeoning client base and the competitive landscape within the ERP space underscore the growing demand for innovative ERP solutions like Series.
