Company: EvoluteIQ, Stockholm, Sweden
Company Description: EvoluteIQ is a Nordea & Confidus Venture Capital backed technology company headquartered in Stockholm, Sweden with presence in the UK, US, and India. We simplify end-to-end automation and accelerate its adoption across enterprises with our hyperautomation enablement platform - e.IQ. ur unified platform allows enterprises to build scalable and cost-effective automated business applications.
Nomination Category: Product & Service Categories - Business Technology Solutions
Nomination Sub Category: No Code/Low Code Platform
 Nomination Title: e.IQ Low-Code No-Code Hyperautomation Enablement Platform by EvoluteIQ
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
The first release of the product was on 15 January 2021
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 351 words used. If the word count is more than 25 words over the limit, please deduct one (1) point from your score.
The e.IQ low-code no-code hyperautomation enablement platform for enterprises is domain-agnostic and can be used to build automated business solutions across departments and industries. The platform brings together disparate enterprise technologies to create an homogeneous environment to accelerate hyperautomation and enables citizen developers to easily build secure, scalable business applications or end-to-end user journeys using the same low-code, no-code interface.
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Hyperautomation enablement suite for the cost of 5 RPA bots
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Secure, scalable, enterprise-grade solution
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Ongoing changes in business rules and flows are adapted seamlessly and with ease
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Quick, easy integration with existing legacy systems
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Go live in 4-6 weeks
- Faster ROI & Adoption
Process Flow:
- Orchestrate across disparate systems and data, with ability to bring the “human-in-the-loop” to handle exceptions
- Embed process intelligence by leveraging the platform’s cognitive and decision modelling capabilities
Data Flow:
- Connect and process “data at rest” from any source including databases, data lakes, flat files, unstructured documents and email
- Define and build intelligent data pipelines across value chain
Event Flow:
- Process, filter, and manage “data in motion” from various resources including IOT devices and social media feeds
- Live stream data with Complex Event Processing (CEP) models
Cognitive Capabilities:
- Forecast future behaviour, analyse trends, and predict outcomes using Machine Learning
- Handle large data volumes with highly scalable algorithms with continuous learning capabilities.
Decision Capabilities:
- Define and update business rules quickly with audit trails to identify and track changes
- Convert business policies to business rules quickly
Enterprise Connectors:
- Complete complex integrations with enterprise systems with point-and-click connectivity
- Use pre-build connectors for “systems of record” such as CRM, ERP and core transaction systems
Analytics & Reporting:
- Visualize data through embedded operational dashboards for key stakeholders
- Access sophisticated and predictive analysis tools for data-driven insights
Web Apps:
- Build automated business applications in a matter of days using “drag-and-drop” functionality for UI development combined with the other platform flows
- Easily manage user roles and permissions with multi-tenancy capabilities
Mobile Apps:
- Cross-platform support for hybrid or native mobile apps
- Seamlessly integrate with business workflows and data pipes to build end-to-end apps
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 337 words used.
- Annual Recurring Revenue (ARR) increased by 300% over FY2020
- 416% increase in revenue bookings
- New customer acquisitions have increased 6X times
- Partner ecosystem has grown 7X times
- 100% of the new customer wins have been multi year
- Received additional funding from Confidus, Nordea and Round2Capital
- Q1 FY22 has been the highest revenue quarter for evoluteIQ since inception
- The ARR on March 31st 2022 is 44% higher than on Jan 1st 2022
- Gross Margins have improved by 15% in Q1FY22 over FY2020
- Onoboarded 4 new clients in Q1
- 54% of EvoluteIQ clients are organizations that have more than $7Billion in revenue
- Projected to end FY22 with 166% growth in ARR
- EvoluteIQ has been recognized in the 2021 Gartner® market guide for Business Process Automation tools.
- EvoluteIQ had been featured in the HFS Hot Vendor Analyst Report for Q3 2021.
- EvoluteIQ is the only LC/NC automation platform company amongst the 8 that were selected from over 700 firms to be part of the PwC 2022 Scale FinTech programme to tap into new ways of driving profitability, growth, and innovation.
- “We spoke to customers that felt no other current platform offered the same breadth of capabilities for business process transformation."
– David Cushman, Lead Analyst, HFS OneOffice
- “With this partnership, WNS has created a truly innovative capability for the BPM industry – a domain-led hyperautomation platform suite. WNS’ domain expertise is the key to delivering high-impact business outcomes leveraging the EvoluteIQ technology."
- Keshav R. Murugesh, Group CEO, WNS
- “Medtronic has different ways of reaching our customers. One of them is direct supply to the healthcare providers. There is a lot of complexity involved in this like managing the inventory, associated purchase orders, consumption metrics, etc. The integrated capabilities for handling workflows, data, dashboards and web application front-end enabled us to streamline the overall operations effectively.”
- Ganga S, IT Director, APAC Emerging Markets and Leader Data Analytics Digital Heath COE, Medtronic
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
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