Growth in SaaS Revenue
SaaS revenue, including hosting, grew 9.8% to $1.5 million for the quarter, primarily driven by the success of Payables Automation.
Record-Breaking Order Intake
Achieved the biggest single order intake week in years, with over $2.4 million of total contract value in new project contracts.
Increased Gross Margin
Consolidated gross margin percent increased 322 basis points to 67.6% for Q1.
New Strategic Investments
Investments in sales, marketing, and IT infrastructure, including SOC 2 certification, to drive future growth and customer trust.
Positive Feedback on New Product Release
Positive feedback on the first release of the purchase order feature of the Payables Automation product from an experienced consultant.
Strong K-12 Market Penetration
Successful launch of Payables Automation and capture as a service solution in the K-12 sector, with significant partner support.