Startup Circle: How is Revv reimagining the software essentials that a business needs?

Revv aims to become the “Canva of business documents,”. It has a library of thousands of document templates for entrepreneurs and small businesses. For example mobile app proposals, consulting agreements, employment agreements, Facebook marketing contracts, non-compete agreements and other business documents. It aims to make it simpler for solo entrepreneurs, freelancers, gig economy workers and small business owners to manage their paperwork in a digital format.

Read more about Revv from cofounder, Rishi Kulkarni. Rishi started his entrepreneurial journey 10 years ago when he founded 1Click (acquired by Freshworks). He spent the next few years building and selling products at Freshworks. Besides managing the product and mentoring the young fledgeling startups, he has a ‘green thumb’ and is a health and fitness enthusiast.

Tell us about Revv and its offerings?

A typical business today subscribes to 50+ business apps for day-to-day operations. Most software drives business processes through spreadsheets, documents, emails, chat, dashboards, APIs, and platforms. With Revv, we are trying to re-imagine the software essentials that business needs. We provide an all-in-one document management solution with hundreds of simple, vetted templates, pre-formatted for convenience. Users can use professionally designed templates and share securely with stakeholders, both internal and external, for suggestions and reviews. One can also add notes, chat with collaborators, or even upload supporting documents via the attachment feature.

Revv is a self-learning, organized, analytical, and always alert business partner that meets the everyday demands of business documentation. Our solution also enables speed and consistency for business paperwork by providing a no-code document manager and a library of ready-to-use, professionally designed, and vetted document templates. The intelligence layer helps to understand business documents easily; the integration with CRMs, payment gateways, and Zapier help accelerate lead gen and closing processes. With Revv, you can smartly organize, share, and eSign documents in one central place so you can focus on the job.

Our machine learning tool helps to get a holistic understanding of the client’s paperwork. As of now, Revv has more than 2000+ businesses trusting the platform. We will see more growth in the future with newer features like attaching supporting media/doc files, multi-language support, bulk creation of documents, and even user groups.

What are the drivers that are shaping the Enterprise Document Management Systems market?

Documents are the heartbeat of every business, small, medium, or large but have been underestimated so far. The document market is made up of many categories. For example, Content Services Platform, Content Collaboration Platform, Contract Lifecycle Management, Digital Signatures to name a few.

The document management market will grow as the companies adopt work from home or hybrid models. They will tend to generate large amounts of documents; easy to handle and structured using document management solutions. Also, the company-specific critical information demands a solution for effective management of the digital documents. This will allow enterprises to effectively collaborate, increase efficiency, maintain data compliance and security and provide cost savings in the long run.

How is Document management solutions relevant in today’s scenario. Why should a company invest in one?

Most businesses existing today are highly dependent on business software. These are either too elite or too complex to operate, very expensive and training heavy at one end; or they are too simplistic and silo-ed at the other end. Business owners must focus on their core business and leave the heavy lifting of business processes and tools to specialists.

Having a Document management solution means quicker and easier collaboration amongst employees; especially in such unprecedented times (COVID). It helps organizations keep track of their documents, provides them with easy accessibility, increases productivity, safety and security of documents and takes care of compliance requirements. A document management solution can solve all problems with one platform. Thus, companies must invest heavily in implementing one.

What are the implementation areas/ sectors for Revv?

We have designed Revv for business owners of professional services, solopreneurs, small businesses, agencies, consultants, freelancers, family businesses across different industries. Further, our ideal customer uses Microsoft docs or Google Docs for authoring; Gdrive, Box, Dropbox for document storage; and Docusign/digital signatures for closing.

The covid-19 outbreak has affected almost all sectors. How has Revv survived the global pandemic?

The onset of COVID-19 brought fear, economic uncertainty, and a new set of challenges to almost every industry around the world. The current uncertain environment with its focus on remote working has had a long-lasting impact on the way organizations work, businesses have also realized that change is inevitable and has led to an acceleration of the acceptance of document management solutions with customers.

In present times, where businesses are connected across the world and functioning remotely than ever, electronic signatures have become critical to authenticate documents digitally and securely., During COVID we noticed an increase in the number of inquiries from our existing as well as new customers wherein they have been specifically looking for solutions to address document workflow, digital signatures, vetted templates, enhanced security, speed of transactions, document insight, and recipient signing experience.

How safe are document management systems? Can you share some updates on your existing client base?

Maintaining a high level of Document security is critical for organizations of any size. We work with a lot of clients wherein data security is of prime concern. DMS can be extremely useful in such a scenario and provides better control over sensitive documents. DMS leaves an audit trail and records any modifications; it also helps keep a check on any suspicious activity which could pose a threat to document security standards. Managed documents are highly traceable and can be tagged to allow for automated alerts.