Servicetrade, a leading provider of software-as-a-service (SaaS) solutions for the facilities maintenance industry, has raised $85 million in a recent funding round. The funds will be used to expand the company’s reach and improve its offerings, making it easier for facilities maintenance providers to manage their day-to-day operations. The funding round was led by private equity firm LLR Partners, with participation from existing investors, including Battery Ventures and Frontier Capital.
The Growing Demand for SaaS Solutions in Facilities Maintenance:
Facilities maintenance is a critical and complex sector, requiring a wide range of services, from HVAC repair and plumbing to electrical work and janitorial services. Managing these services can be challenging, especially for facilities maintenance providers who have to coordinate multiple contractors, schedule appointments, and ensure that work is completed on time and within budget. This is where Servicetrade comes in, providing a comprehensive SaaS platform that streamlines the facilities maintenance process, from scheduling to invoicing.
The Rise of Servicetrade:
Founded in 2012, Servicetrade has quickly established itself as a leading provider of SaaS solutions for the facilities maintenance industry. The company’s platform provides a comprehensive suite of tools for facilities maintenance providers, including scheduling, dispatch, invoicing, and payment processing. In addition, Servicetrade’s platform integrates with a wide range of third-party tools and services, making it easy for facilities maintenance providers to manage all aspects of their business in one place.
The company has seen significant growth in recent years, serving over 1,000 customers across the United States. With its latest funding round, Servicetrade is poised to continue its rapid expansion, bringing its innovative SaaS solutions to even more facilities maintenance providers.
The Benefits of Servicetrade’s SaaS Platform:
Servicetrade’s SaaS platform provides a number of key benefits to facilities maintenance providers. Firstly, it streamlines the scheduling process, making it easier to schedule appointments and manage work orders. The platform also provides real-time visibility into the status of each job, ensuring that facilities maintenance providers are always informed about the progress of their work.
In addition, Servicetrade’s platform includes robust invoicing and payment processing capabilities, reducing the administrative burden of managing these tasks. The platform also integrates with a wide range of third-party tools and services, making it easy for facilities maintenance providers to manage all aspects of their business in one place.
Finally, Servicetrade’s platform provides a centralized repository of customer and job information, making it easy to manage customer relationships and track the performance of each job. This information can be used to make informed decisions about future work and to improve the overall efficiency of the facilities maintenance process.
Servicetrade’s recent funding round is a clear indication of the growing demand for SaaS solutions in the facilities maintenance industry. The company’s platform provides a comprehensive suite of tools for facilities maintenance providers, streamlining the scheduling process, reducing administrative burden, and improving the overall efficiency of the facilities maintenance process. With its latest funding, Servicetrade is poised to continue its rapid expansion, bringing its innovative SaaS solutions to even more facilities maintenance providers.
As the facilities maintenance industry continues to evolve, Servicetrade’s SaaS platform will play an increasingly important role in helping facilities maintenance providers manage their day-to-day operations. Whether you’re a large facilities maintenance provider or a small, independent contractor, Servicetrade.