Clarifire Strengths, Domain Expertise, and Key Differentiators
Clarifire delivers a Software-as-a-Service (SaaS) application coupled with a mobile app, that automates complex workflows creating efficiencies and saving both time and money. Clarifire is a SOC 2 Type II company certified in all five Trust Service Principles. The CLARIFIRE application’s core strength is that it is front-end configurable and easy to use.
While other solutions require hard-coding and IT teams to change processes, the CLARIFIRE technology is configurable by the client in accordance with its own business rules. Driven by intelligent, interactive workflow, CLARIFIRE is simple to use for anyone regardless of technical background.
Other attributes include consistent process utilization that provides measurable efficiencies, clear traceability, and auditability, dashboards that provide real-time performance monitoring.
Clarifire Recent Developments
The CLARIFIRE workflow application now offers comprehensive screening and workflow automation tools to help navigate COVID-19. Additionally, we have enhanced the innovation to include self-service workflow automation for mortgage servicers that is assisting them in delivering customers the service they need when they need it, resulting in best in class service.
Clarifire Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Clarifire applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Clarifire and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Clarifire Workflow, Clarifire Health, Clarifire Audits customers.
Ownership: - x
Number of Employees: 125
Functional Markets: ERP Services and Operations Management,
Clarifire Key Enterprise and Cloud Applications
Clarifire Workflow, Clarifire Health, Clarifire Audits
Clarifire Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
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|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Clarifire Revenue Breakdown By Type, $M:
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Clarifire Enterprise Applications Revenues By Functional Markets, $M:
Clarifire Enterprise Applications Revenues By Verticals, $M:
Clarifire Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
Clarifire Direct vs Indirect sales
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Clarifire Customers - Breakdown by Geo, Size, Vertical and Product
No. of Clarifire Customers: 15
No. of Clarifire Enterprise Applications Customers: 15
No. of Clarifire Cloud Customers: 15
No. of Clarifire Cloud Subscribers: 40000
Clarifire’s clients include Fortune 500 companies such as the country’s largest banking institution, as well as the nation’s largest financial institution and Florida’s largest healthcare system.
Clarifire’s healthcare clients are using mobile technology as part of their commitment to improving service and the experience of hospital patients. BayCare Health System is the first to use the CLARIFIRE HEALTH software solution to implement a mobile application to enhance service to patients.
Recent customer wins include University of South Florida (USF) Health and RoundPoint Mortgage Servicing Corporation.
Clarifire Market Opportunities, M&A and Geo Expansions
In October 2019, Covius integrated its full suite of loss mitigation services with Clarifire, the premier business process automation company. The integration will allow CLARIFIRE workflow users to seamlessly order most third-party products and services needed as part of any loss mitigation workout strategy, all through a single interface and a single vendor relationship.
Clarifire Risks and Challenges
Clarifire may need to parlay its early successes in financial services and healthcare to other verticals in order to diversify its risks. Clarifire has a need for additional channel partnerships to aid in sales expansion.
Clarifire Ecosystem, Partners, Resellers and SI
Clarifire has strategic partnerships with Microsoft, First American Title Insurance Company's Mortgage Services Division, Sapiens International Corporation, Allen Technologies, Apple, Xerox Mortgage Services, CenturyLink, and Beltway Insight LLC. It is developing its reseller channel with Appogee, SH1 and CDW to resell its Clarifire Rounds app coupled with Clarifire workflow.
Clarifire has also made a strategic investment in building out a technology platform in a SaaS multi-tenancy configuration to support the delivery of the CLARIFIRE application. This technology platform and its related services are known as the Clarifire Private Cloud and is delivered out of a data center in Tampa, Florida, operated by CenturyLink. Clarifire is SOC 2 Type II compliant, certified by WBENC (Women’s Business Enterprise National Council) and is a small woman-owned business that has been actively in the market since 2007.
Clarifire is member of MBA (Mortgage Bankers Association), HIMSS (Healthcare Information and Management Systems Society), FHFA (Federal Housing Finance Agency), D&B Small Business Solutions, Tampa Bay Technology Forum, and The Committee of 200.
In April 2018, Clarifire partnered with SoftWorks AI, a leading artificial intelligence and machine-learning automation firm, to deliver powerful solutions to clients in both the financial and healthcare industries. Through this partnership, Clarifire and SoftWorks AI will address the ever-growing challenges of manual data input from documents and exception management. The combined technologies will deliver a state-of-the-art automation and workflow platform that will provide their clients with increased productivity while driving down process costs.
Clarifire Cloud Infrastructure Insights
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- Clarifire Public Cloud and Infrastructure (IaaS)
- Clarifire Platform (PaaS)
- Clarifire Application Delivery
- Clarifire Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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