Frost & Sullivan Recognizes ComplianceQuest as Entrepreneurial Company of the Year for its Enterprise Quality Management Solutions
ComplianceQuest’s EQMS leverages both a modern cloud platform and multiple channels to address present-day and emerging quality and compliance business challenges
Based on its recent analysis of the enterprise quality management industry, Frost & Sullivan recognizes ComplianceQuest with the 2017 North American Enterprise Quality Management Entrepreneurial Company of the Year Award for its innovative enterprise quality management software (EQMS) built on modern cloud architecture.
Collectively, customers are looking to address five key challenges in the quality and compliance market: lack of visibility into quality metrics across the enterprise, diversification in suppliers and rise of risk, islands of data, with poor integration mechanism to achieve a single unified view of operations, inability to view compliance and quality management as profit enablers and reduced performance variability. In North America, several point solution vendors provide valuable tools for overcoming many of these challenges, but none address it comprehensively.
Identifying these pain points, ComplianceQuest developed a smart Enterprise Quality Management software (EQMS) built on modern cloud architecture—leveraging advanced technologies such as artificial intelligence and machine learning, social media, and mobility—to offer an end-to-end product that addresses the present-day and emerging quality and compliance business challenges.
“In the Software-as-a-service (SaaS) market, there is an ongoing shift in channels,” said Ram Ramasamy, Consulting Manager. “A decade back, solution-selling took the direct (at least 70%) route. Today, at least 40% of sales happen through multiple channels. This clearly illustrates that outdated ways of selling will no longer support real growth, as technology consumption models and updates have changed with the onset of cloud architecture. Compliance Quest has identified this shift ahead of time and have internalized this shift to drive incremental business benefits,” Ram Ramasamy added.