November 13, 2013: TROY, Mich. - Billhighway, creator of cloud-based automation software that simplifies finance and fundraising operations, today announced it ranked number 146 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
Billhighway’s Chief Executive Officer, Doug Gregory, credits the company’s patent-pending proprietary software and client focus with the company’s growth. He said, “We’ve been able to dramatically grow by automating our client’s financial management processes; many clients see an increase in revenue of 5-12% in the first 12 months of working with us. Our transaction-fee based revenue model means when our clients are successful, we’re successful.”
Billhighway combines payment processing, accounting and online banking in a closed-loop system that automates finance and fundraising developed specifically for nonprofits. The configurable solution eliminates paperwork, manual, redundant tasks and human error while providing real-time visibility into financials. Clients include the Automation Alley Fund, Gleaners Community Food Bank of Southeastern Michigan, Habitat for Humanity of Oakland County and numerous national fraternal organizations.
Billhighway proudly shares this year’s Fast 500 recognition with other world-class companies like Marketo, Tesla Motors and Facebook. Billhighway is the highest ranked Michigan company on the list.
“The Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
About Deloitte’s 2013 Technology Fast 500
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About Billhighway (www.billhighway.co)
Billhighway, headquartered in Troy, Michigan, develops cloud-based automation software that makes nonprofit financial management easier. Since 1999, we’ve helped our clients free up internal resources and focus more time on mission by increasing revenue, cash flow and the bottom line. Through a robust, rules-based engine that integrates payment processing, banking and accounting with existing systems, Billhighway provides a transparent, holistic view of your organization’s finances so you can work smarter, not harder. Billhighway is recognized for award-winning customer service and industry-leading data security.