CHANDLER, Ariz., Aug. 19, 2015 /PRNewswire/ — CFM, a cash automation software provider for the financial industry, is one of the fastest-growing companies in the U.S., according to Inc. magazine. The 2015 "Inc. 5000" rankings place the software company at No. 1820 among 5000 privately owned businesses on the rise this year, and No. 39 among the 109 Arizona-based enterprises that made the cut.
Banks and credit unions of all sizes have embraced CFM's hardware-agnostic approach to integrating cash automation machines, leading to the company's stunning growth rate of 219% over the past three years. Its flagship product, S4, integrates teller platforms with every type of cash machine on the market in a much thinner environment—giving bankers more choices in the hardware they deploy.
Serving this key niche market, CFM helps financial institutions achieve better consumer engagement and service. With CFM's technology behind the scenes, bankers can confidently launch their "branches of the future" and implement "universal associates"—a burgeoning retail-driven strategy that eliminates long teller lines, and enables staff members to assist clients when and where they're needed.
"CFM is disrupting decades-old banking technology with patent-pending products that give bankers the tools they need to best serve their clients," said CEO John W. Smith. "Our record-setting growth is a clear indication that we're developing the right solutions at the right time in our industry."
Since 2008, CFM has seen tremendous growth with clients across the United States, including some of the biggest banks and credit unions in the industry. To date, CFM has completed integrations on more than 5000 cash machines in 225 financial institutions nationwide.
"We're honored, and humbled, that the 'Inc. 5000' recognizes our incredible success. And we're just getting started," added CFM co-founder Nathan Moore. Two new products, including a self-service kiosk, are slated to be released later this year, he said.
Each year, the "Inc. 5000" awards celebrate the vision, creativity, passion and risk-tolerance of the nation's most driven and successful entrepreneurs. This year's list highlights impressive growth in the health care, financial services and technology industries. As a 2015 "Inc. 5000" honoree, CFM shares a pedigree with such innovative companies as FitBit, Smashburger, Planet Fitness and Box. Alumni of the list include Intuit, Zappos, Under Armor, GoPro, Microsoft and Oracle. CFM's strategic partner, DBSI, is also an "Inc. 5000" alumnus.
For more information about CFM, please visit whycfm.com, or call Leslie Gospill at (855) 333.4236.