Chrome River Maintains Red Hot Status in a Cold Economy

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Automated AP solutions provider burning up legal market and beyond

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The rate at which we have been growing seems to only accelerate as we continue to secure our place as the leader in the legal market while expanding into other segments.

Chrome River Technologies, Inc., a leading provider of expense reporting and invoice automation, is beating the odds in an economy full of lackluster numbers and downward trends by adding to its impressive customer base at an aggressive rate which is already surpassing last year’s subscription numbers.

In the legal industry alone, Chrome River’s expense management software client list has expanded to more than 100 law firms, now commanding an impressive 70% of the AmLaw Top 10, almost 40% of the Top 100 and a full 50% of the Global Top 20 law firms. Rarely has a company entered the complex professional services market and within just three short years, gained adoption by so many prestigious law firms giving it their seal of approval. Already ahead of 2010’s annual subscription volumes by 25%, Chrome River now has users in over 30 countries and is gaining steam with customers in diverse industries including consulting, accounting, financial, investment banking, biopharmaceuticals, education and entertainment.

When asked to explain the success of his young company, Dave Terry, Co-founder and COO of Chrome River says, “Much like the momentum that Trident chewing gum built when it was recommended by four out of five dentists for their patients that chew gum, Chrome River is clearly now the expense management solution recommended by leaders in the professional services field. The rate at which we have been growing seems to only accelerate as we continue to secure our place as the leader in the legal market while expanding into other segments.”

Alan Rich, co-founder and CEO credits Chrome River’s ability to resonate across multiple levels of an organization for contributing to a strong rate of adoption. “For CFO’s, we improve process, save time, money and control risk; CTO’s are thrilled that we are a SaaS (Software as a Service) delivering low cost, low risk and no IT infrastructure and most importantly, end-users find the products intuitive and easy to use.”

Chrome River is committed to keeping their end users happy with continuous enhancements and innovations that impress. After a highly successful two-day Customer Seminar where many new features and functions were launched, one customer expressed this sentiment:
“... (The conference) was very beneficial to me and I'm so excited about all of the new features. It was also nice to meet all of the newer members of your team! It's amazing from one year to the next how much you all have accomplished! I've never had the opportunity to work with a growing company like yours before; what an incredible group of people you are! Chrome River is my favorite part of my job for sure!”

About Chrome River
Chrome River Technologies, Inc. provides expense reporting and invoice automation solutions that uniquely combine the latest available internet technologies with over 25 years of financial systems experience. Chrome River delivers immediate payback via a “Software as a Service” delivery model that requires no hardware, no software, and no long-term commitment. This unique service is easily configurable to meet the needs of organizations worldwide with complex expense management policies and collaborative approval processes. Additional information about Chrome River Technologies, Inc. and its solutions may be obtained by phone at 1.888.781.0088 or by visiting the company website at http://www.chromeriver.com.

MEDIA CONTACT
Julie Davis
Chrome River Technologies
Tel:    888.781.0088 x701
Email: julie.davis(at)chromeriver(dot)com

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Julie Davis
Chrome River Technologies
(888) 781-0088 701
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