Icertis, HighRadius, AppDirect and AvidXchange featured in the 2020 Forbes Cloud 100 List

Forbes recently released the fifth annual listing of world's 100 top private Cloud companies. The list, accessible here, takes into account various factors such as growth, sales, valuation, and culture, as well as a reputation score that's derived in consultation with 43 CEO judges and executives from their public-cloud-company peers. 

The listing comprises a diverse set of cloud companies from various sectors such as Enterprise AI, sales enablement, sales engagement, data management, analytics, payments, security and risk management, customer communications, and more.

Fig. Forbes 2020 Cloud 100 List

Several companies from Contract Management, Source to Pay, Procure to Pay, and related fields have been featured in this list in the past. Examples include Coupa which now is publicly listed and Apttus which acquired Conga and subsequently branded itself as Conga. It is noticeable that both Apttus and Conga were ISV partners of Salesforce.

This year too some of the leading companies from CLM, procurement, accounts payable and related fields have been featured in the list.

• AvidXchange - Featured at 42nd place in the list, AvidXchange is the industry leader in automating invoice and payment processes for mid-market companies. It was founded in the year 2000, and processes over $140 billion transactions annually across its network of more than 600,000 suppliers.

• Icertis - Featured for the second time, Icertis is the only contract management company that's found a place in this list. More than 900 employees out of a total of about 1250+ of Icertis employees are based in India (Pune and Mumbai).

• High Radius - HighRadius is a Fintech enterprise Software-as-a-Service (SaaS) company that leverages Artificial Intelligence-based Autonomous Systems to help companies automate Accounts Receivable and Treasury processes. The company is headquartered in Houston, Texas with a significant presence in Hyderabad, India for product, engineering, and product marketing operations.

• AppDirect - AppDirect offers a subscription commerce platform that removes the complexity of building a recurring business model. Key investors of AppDirect include StarVest Partners, J.P.Morgan, Foundry Group, and Mithril.