EBE Announces Strong Revenue Growth for Fiscal Year 2017
Ninth Consecutive Year of More than 15 Percent Increase in Top-Line Revenue
East Moline, IL: EBE Technologies, the leading provider of enterprise Decision Support Workflow (DSW) applications for the transportation industry, today announces a strong finish for its 2017 fiscal year ending September 30th. A record year of revenue growth was achieved as EBE realized a 17% increase in revenue over FY 2016. This represents the ninth consecutive year of growth in excess of 15%.
The major contributing factor for this growth is the recognition by many carriers, shippers, and logistics providers that EBE’s SHIPSTM applications offer unparalleled efficiency gains and operational improvements. EBE’s solutions offer the ability to execute strategic transactions automatically, presenting only the out-of-standard transactions for manual review. By implementing EBE’s Decision Support Workflow (DSW) applications, transactions are completed more quickly, accurately, and with less staff throughout each department. EBE’s clients are discovering the value of purchasing multiple modules in order to apply these benefits across the enterprise.
Included in the 2017 revenue growth was the addition of over 40 new transportation companies to EBE’s client portfolio. These client additions were a result of either a purchase directly from EBE or from one of EBE’s white label partners. New clients range from industry-leading asset-based private and for-hire carriers to the top logistics providers throughout North America.
“We are entering our 45th year in business with a full agenda. We are expanding our mobile computing and cloud base offering while continuing the release of our SHIPS 6.0 solution. In today’s fast-moving digital world, shippers, carriers, drivers, and logistics providers are in need of secure content collaboration. EBE has been able to provide near-real-time collaboration between the point of service at delivery to the back office and shipper. We have carriers that are providing POD images and invoices, and paying drivers within an hour of delivery – all of which would have been unimaginable just a few years ago. Many carriers cannot meet this level of efficiency based on their lack of Decision Support Workflow (DSW) applications, but shippers and drivers are going to demand such. Our intent is to have EBE help carriers achieve these emerging standards. As a single sourced solution, EBE can provide a process solution at a lower cost and quicker timeline,” said Larry Kerr, President of EBE.
“Forecasts for 2018 look positive based on EBE’s historical growth as well as new client projects currently under consideration. As EBE’s footprint of product offerings expand throughout the enterprise, its current clients continue to extend SHIPS solutions throughout multiple operational areas to achieve similar benefits. New client adoption will be focused on the replacement of legacy document imaging systems, new solutions in safety and risk, fleet maintenance, learning management system (LMS), accounts payable, and the rapid acceptance of EBE’s mobile applications.
“We have been fortunate to add industry veterans to both our sales and service teams. The SHIPS 6.0 system is proving to allow implementation to occur more quickly, achieving the anticipated ROI within less calendar time. My personal thanks goes out to our clients as well as the EBE team. Without their dedication and long hours, we would not be able to achieve our vision,” added Kerr.
About EBE Technologies, Inc.
EBE is the leading provider of Transportation Specific Content and Process Management Applications. Serving nearly 600 clients, EBE has made a positive impact throughout their organizations in the areas of billing, settlements and accounts payable; recruiting, onboarding, safety, risk and training; carrier management, fleet maintenance and mobile and data capture. Our next generation of workflow solutions allow our clients to work by exception to maximize productivity, control costs, and increase profits across the Enterprise through the use of Automated Decision Support. Our integrated approach positions our clients to maximize their legacy system investments while extending the value of EBE’s solution portfolio.