Brussels-based CheckHub, a leading Software-as-a-Service (SaaS) provider in document management, announced on Tuesday that it has raised €1M in a fresh round of funding. The round was led by existing shareholder Cofinpar, with participation from the majority of existing shareholders and three new investors.
CheckHub is a cloud-based platform that automates manual tasks related to the constitution of files during employees, customers, or users’ onboarding. With the funding, the company says it will expand its presence in international markets and invest in technological innovation.
“We are thrilled with the success of this round and the trust of our existing investors. This funding allows us to continue our mission to help companies and organisations worldwide simplify and improve their document management and administrative processes,” says Peter Van Heeke, co-founder and CEO of CheckHub.
“Together with my two co-founders Laurent Parmentier and Edouard d’Ursel, we are looking forward to further developing our services and expanding our international reach to serve even more customers,” Van Heeke adds.
The importance of document management
Document management is the process of organising, storing, and securing documents. It is an essential part of any business, regardless of size or industry. Good document management can help companies avoid financial loss from the cost of printing, the value of time lost searching, and the risk of fines and penalties for non-compliance.
Companies who organise their documents well will improve their efficiency. Well-organised records are easier to find and use, saving employees time and allowing them to be more productive. It can also reduce the risk of data breaches, fraud, and other legal problems.
Document management can improve a company’s legal and regulation compliance. As many businesses must comply with various laws and regulations, document management can help ensure that companies meet these requirements.
One solution for document management is using technology for document automation. It is a straightforward process that can be implemented quickly and easily. It can help businesses save time and money, reduce errors, and improve the customer experience.
CheckHub’s solution for document management
CheckHub offers advanced solutions to businesses and institutions to optimise the exchange of documents with employees, clients, and citizens while creating files.
With CheckHub, companies can collect, complete, sign, and validate documents from any device and location. The solution ensures that these time-consuming tasks are no longer sources of errors and wasted time.
Nearly 70 per cent of employees claim that the most significant opportunity for automation lies in reducing time wasted on repetitive tasks, and CheckHub’s solution directly addresses this need. The complete automation of this process results in significant savings of 60 to 80 per cent in costs and time and increases productivity by up to 35 per cent.
“I have been following CheckHub for three years. They take a really smart approach. They concentrate on building a robust SaaS product that has a very strong added value for their customers. I have a lot of confidence in their future,” says François Van Uffelen, CheckHub board member and CEO of Babelway.
CheckHub has experienced significant growth since the beginning of the pandemic and has established itself as a reference in the industry. Among its clients are staffing companies such as Randstad, Trixxo, and ASAP, as well as hospitals such as Cliniques de L’Europe, CHIREC, UZ Antwerp, and Erasmus Hospital.
On average, between 10,000 and 50,000 monthly documents are exchanged and processed automatically through the CheckHub platform for each client.