The software as a service (SaaS) market has reached unprecedented new heights. From an estimated $146 billion in 2021, SaaS is expected to record $195 billion in overall revenue this 2023. It may also keep growing in the Philippines, with an estimated total revenue of $237.4 million in 2023. With these projections, it’s clear that SaaS is here to stay.
Let’s take a closer look at some promising SaaS startups bringing about the next wave of digital transformation. These 10 startups have been shortlisted in the IMPACT ‘23 accelerator program and the top three winners" will be sharing their pitches at SaaScon PH: the biggest B2B SaaS conference in the Philippines!
In the Spotlight: Up-and-coming Philippine SaaS Providers
Though big SaaS businesses dominate the local SaaS space, new providers have also made a big impression. Check out our list of 10 Philippine SaaS companies that were shortlisted in Impact '23, the eight-week B2B SaaS accelerator challenge.
This plug-and-play HR platform allows employers to reward workers with flexible, reloadable, and shareable benefits.
Companies may have difficulty convincing vendors to offer their products and services as employee rewards. Happy Benefits helps users overcome this challenge with a more convenient approach: aggregating different products into one convenient platform where employees can choose to redeem them anytime.
India’s Umwelt.AI uses artificial intelligence to help company leaders listen, analyze, and address employee feedback immediately. In turn, employers can improve employee engagement, performance, and retention.
Umwelt.AI’s main contribution is Nikki, its virtual employee experience and people analytics assistant. She engages with employees, listens to feedback, analyzes their responses, and presents those insights to company leaders to help them make more data-driven decisions.
Smile API makes current, comprehensive, and verified employee data accessible to employers so they can make better credit decisions.
Olivia Groupe Pte Ltd
Olivia Groupe offers SaaS tools that help automate accounts payable management through Olivia Biz and Olivia SmartXtract.
The Biz app lets users scan receipts and dictate expenses, while SmartXtract captures invoice information and turns it into reports and digital assets in seconds. More importantly, both apps are AI and cloud-based to maintain privacy and secure user data.
Twala is an e-signature platform powered by Ethereum blockchain smart contracts.
Twala collects a detailed audit trail and attaches it to the signed digital document whenever users sign it. The document contains a cryptographic hash, an algorithm that extracts random data and creates enciphered text in a predetermined size (a “hash value”).
Twala then transmits it to a public Ethereum blockchain through chained anchoring, ensuring secure documents.
Britana offers an enterprise-grade ERP (Enterprise Resource Planning) tool for small and medium-sized businesses.
Britana ERP combines easy setup, customizable workflows, and a user-friendly interface with a no-code and cloud-based environment. The ERP streamlines bill and expense management, order management, inventory management, and financial accounting.
Aiah helps clients achieve their business goals and speed up time-consuming processes with automation. The company has an AI marketplace for businesses seeking AI services and a chat automation solution for firms on social media.
This B2B SaaS startup serves small to medium enterprises with circular economy needs. Meron recently launched Meron Exchange, a digital platform where businesses can monitor and share their reusable assets. Besides these functionalities, the platform also creates detailed reports covering company resources. Users can view, download, and share this information.
MeetBit is an automated scheduling app for banking and real estate firms, service platforms, and custom applications. It helps companies increase their sales in three steps:
- Clients answer predetermined questions
- Customers schedule their appointments at their chosen time
- Users distribute and assign calls to employees after appointments get confirmed
Additionally, companies can integrate MeetBit with their current processes and view detailed reports and analytics.
Another company that utilizes AI, Betterteem specializes in employee experience analytics. Its machine learning function assists in reducing employee turnover through predictive analytics.
Furthermore, Betterteem features data benchmarking that shows how a company’s employee experience has improved and how it compares to other businesses. HR teams can leverage these insights to develop effective retention strategies.
Paving the Way to Digital Transformation with SaaS
To learn more, reserve your slot for SaaScon PH and get the chance to network with industry peers, business leaders, and partners. Don’t miss your chance to participate in insightful discussions about how SaaS technology and solutions are helping important organizations drive transformational change.
Reserve your slot on the official SaaSCon PH website today!