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May - 2013 - issue > Entreprise Software

Praxeva: Creating a User Friendly Document Management System

SI Team
Tuesday, April 30, 2013
SI Team
Irrespective of the size of the organization, if its documents are not secured, it stands a chance to get paralyzed. Praxeva, a Document Management company understood this problem and thus built a product to solve key challenges of SME's with zero investment in IT infrastructure. With a mission to educate and improve the prevalent mind set of the customers, three childhood friends along with a seasoned IT veteran co-founded Praxeva in 2007 in Bangalore. The team strives to offer ECM (Enterprise Content Management) focused software products to businesses in order to enhance productivity and efficiency.

Primarily focused on small and medium businesses, an untapped segment, the company since its inception is focused on making their products industry agnostic. "One of the key differentiating factors is that we have built the product that is extremely flexible to suit businesses of different sizes across different industry sectors," says Nikhil Yathiraj, Co-Founder, Praxeva. This is why in past two years they have acquired customers ranging from Fortune 500 companies like Allergan, Schneider Electric to Indian retailing giants like Future Group and Indus League. Their product WSM (Workflow Solution Matrix) also caters to infrastructure specific clients, construction industry and engineering firms. Adding IIIT-Bangalore as a customer, Praxeva believes that the education sector holds an enormous scope for expansion in the coming years.

Being one of the early adopter of ECM on cloud in India, their Document Management System - WSM is one of the most advanced Software as a Service (SaaS.) Even though the Product is available through On- Premise Model, Praxeva believes the cost would be very economical if the customers use the SaaS model. Knowing that Indian customer is motivated by price point, their mission is to work persistently to drive down the product price yet maintain the current quality and the service offering. "We offer enterprise grade software for smaller businesses to leverage their processes in order to attain better efficiency at a low cost," adds Yathiraj. Currently the company has a presence across PAN India and plans to expand into other international markets.

Praxeva's strong value propositions to the customers have made them a One-Stop-Shop for all document management needs. With its WSM, it helps an enterprise achieve efficient document transaction and collaboration thus making sure uploading, indexing, archiving and other types of data entry is an easy job. WSM offers the filters one needs to search and access the right document instantly and with a single click; it can be shared across the organization and across globe. Alongside, the company offers other services to complement the software i.e., Document Imaging (Digitization), document classification and Meta data entry. The CAF Solution offered by Praxeva is used by major Telcos like Airtel, Idea, Tata and Docomo.
Business and profits are not Praxeva's only concern. The company believes in sustaining the green cover of the planet. This is reflected in their solution that is focused on turning offices paperless to the maximum possible extent. For each of their clients, they plan to acquire land and plant trees by participation in aforestation schemes , thus influencing their clients to go green and go paperless. "We offer discounts for customers who buy our product during Earth Week, Earth Day, World Environment Day and World Paper free Day to encourage our go green initiative.," adds Yathiraj. The Company actively promotes the concept of 3R's - Reduce, Reuse, Recycle for paper documents.
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