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Backed by $140 million from top-tier investors Sutter Hill Ventures, Altimeter Capital, Redpoint Ventures, and D1 Capital...",{"value":353,"blocks":492},{"schema":354,"document":355},"dast",{"type":356,"children":357},"root",[358,368,374,378,383,430,435,439,444,448,452,456,460,465,475,485],{"type":359,"children":360},"paragraph",[361,366],{"type":362,"marks":363,"value":365},"span",[364],"emphasis","Mountain View, CA and Heidelberg, Germany Everest Systems",{"type":362,"value":367},", the next-generation ERP provider for SaaS companies, today announces its emergence from stealth mode with the launch of its Beta release. Backed by $140 million from top-tier investors, including Sutter Hill Ventures, Altimeter Capital, Redpoint Ventures, and D1 Capital, Everest is set to redefine the ERP landscape by delivering the first ERP system purpose-built for SaaS businesses.",{"type":359,"children":369},[370],{"type":362,"marks":371,"value":373},[372],"strong","Reinventing ERP for the SaaS Era",{"type":359,"children":375},[376],{"type":362,"value":377},"Traditional ERP (Enterprise Resource Planning) systems struggle to support the complexities of modern SaaS business models, which include subscription contracts, flexible billing, and cloud resource optimization. Everest Systems was developed from the ground up to solve these challenges, offering a groundbreaking solution that addresses the unique needs of SaaS companies.",{"type":359,"children":379},[380],{"type":362,"marks":381,"value":382},[372],"Key Capabilities of Everest ERP:",{"type":384,"style":385,"children":386},"list","bulleted",[387,394,400,406,412,418,424],{"type":388,"children":389},"listItem",[390],{"type":359,"children":391},[392],{"type":362,"value":393},"Tailored Subscription Accounting: Seamlessly manage subscription-based business models with precision in revenue recognition and compliance with standards like ASC 606.",{"type":388,"children":395},[396],{"type":359,"children":397},[398],{"type":362,"value":399},"Cloud and AI Cost Management: Gain granular insights into cloud and AI costs, improving decision-making and protecting margins in an era of rising AI adoption and cloud-based services.",{"type":388,"children":401},[402],{"type":359,"children":403},[404],{"type":362,"value":405},"Real-time Sales and Finance Synchronization: Fully automated, out-of-the-box integration with Salesforce keeps sales and finance data synchronized in real-time, enhancing collaboration and reducing manual interventions.",{"type":388,"children":407},[408],{"type":359,"children":409},[410],{"type":362,"value":411},"Integrated Ecosystem: Ready integrations for banking, payroll, and spend management systems provide a fully interconnected operational hub without the need for additional integration technologies.",{"type":388,"children":413},[414],{"type":359,"children":415},[416],{"type":362,"value":417},"People-centric HR: Manage and recruit talent effectively with HR functionalities designed for SaaS companies, recognizing that people are the core asset.",{"type":388,"children":419},[420],{"type":359,"children":421},[422],{"type":362,"value":423},"Internationalization and Multi-Entity Support: Operate globally with support for multiple entities and currencies, including seamless consolidation and reporting across different regions.",{"type":388,"children":425},[426],{"type":359,"children":427},[428],{"type":362,"value":429},"AI-powered generation of code, features, and analytics: Use natural language to conveniently enhance and adapt Everest to the needs of your company. Boost productivity for Everest developers as well as customers and partners. Let AI generate missing features, reports, and more from a business user friendly chatbot UI.",{"type":359,"children":431},[432],{"type":362,"marks":433,"value":434},[372],"Empowering Growth with Cutting-Edge Technology",{"type":359,"children":436},[437],{"type":362,"value":438},"Built on Everest’s revolutionary \"Business Operating System,\" Everest ERP leverages advanced cloud technology to offer flexibility and control through its \"Live Sandboxing\" approach. This allows customers to simulate changes, conduct what-if analyses, and innovate with confidence. Additionally, Everest ERP integrates Generative AI, enabling business users to easily define custom extensions, driving greater efficiencies and accelerating business development.",{"type":359,"children":440},[441],{"type":362,"marks":442,"value":443},[372],"Investor Confidence and Market Validation",{"type":359,"children":445},[446],{"type":362,"value":447},"​\"Today marks a new beginning for ERP in the SaaS industry,\" said Franz Faerber, Co-CEO and Co-Founder of Everest Systems. \"With the backing of leading investors and the launch of our Beta release, Everest ERP is set to deliver operational excellence, improved profitability, and a strategic advantage to SaaS companies.\"",{"type":359,"children":449},[450],{"type":362,"value":451},"Sandeep Chopra, Co-CEO and Co-Founder, added, \"Our mission is to empower SaaS companies to thrive and scale efficiently. Everest ERP provides the tools to future-proof operations, ensuring growth and efficiency at every stage of the journey.\"",{"type":359,"children":453},[454],{"type":362,"value":455},"\"SaaS finance teams have been struggling for years to keep up with the fast-paced pricing and packaging changes driven by the go-to-market teams. Everest has reimagined ERP for modern businesses, giving Finance teams the tools to more effectively support their business partners.\" said Murray Demo, former CFO of Adobe, Atlassian and Rubrik.",{"type":359,"children":457},[458],{"type":362,"value":459},"“This is a pivotal moment for SaaS companies struggling with balancing sustainable growth and operational efficiency. Everest’s visionary co-founders have used their years of industry experience to reimagine ERP from the ground up, creating a system that not only keeps pace with the dynamic pricing and packaging changes driven by go-to-market strategies but also empowers finance teams to become true strategic partners in the business.” said Keiron Murphy, Partner at Sutter Hill Ventures.",{"type":359,"children":461},[462],{"type":362,"marks":463,"value":464},[372],"About Everest Systems",{"type":359,"children":466},[467,469,473],{"type":362,"value":468},"Everest Systems provides a cloud-native ERP solution purpose-built for SaaS companies. With a strong focus on subscription accounting, cloud and AI cost management, and seamless system integrations, Everest ERP aims to redefine how SaaS companies manage their operations and drive growth. For more information, visit ",{"type":362,"marks":470,"value":472},[471],"underline","www.everest-systems.com",{"type":362,"value":474}," or contact Stephanie Manne.",{"type":359,"children":476},[477,480,482],{"type":362,"marks":478,"value":479},[372],"Press Contact:",{"type":362,"value":481}," Stephanie Manne - ",{"type":362,"marks":483,"value":484},[471],"stephanie.manne@everest-systems.com",{"type":359,"children":486},[487,490],{"type":362,"marks":488,"value":489},[372],"For Editors",{"type":362,"value":491},": Everest ERP is currently being implemented with its first customers, providing real-world validation of its effectiveness and value proposition.",[],{"footerCallout":494},{"headline":37,"intro":37,"cta":12},{"articleSidebar":496},{"cta":497},{"buttons":498},[499],{"label":500,"internal":501,"external":37,"style":38},"Get started",{"__typename":36},{"global":503},{"footerCallout":504},{"headline":505,"intro":506,"cta":507},"See how Everest\ncan transform\nyour operations","Discover how Everest empowers finance and operations leaders to \ndrive faster growth, smarter decisions, and stronger margins.",{"buttons":508},[509],{"label":34,"internal":510,"external":37,"style":38},{"__typename":36},1787110074561]