NextProcess

4.4★★★★☆(6 reviews)

15601 Dallas Pkwy #1075, Addison, TX 75001

Addison, Texas, United States

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Business facts

Estimated annual revenue~$2.6M
Estimated employees~4
Annual payroll (2020)~$349.0K
In business since2003
Based on reported payroll data

Contacts

Chief Executive Officer

Software Developer

Area statistics (75001)

Population16,633
Median household income$77,598
Source: US Census ACS

About

NextProcess is a technology company founded in 2003, specializing in Procure to Pay (“P2P”) solutions. With expertise in procurement, accounting, and technology, the company aims to provide flexible, robust functionality within its applications while driving low cost of ownership. As a Software as a Service (“SaaS”) provider, NextProcess develops its software in-house with input from clients and staff, annually processing millions of transactions securely. The company offers a suite of services including payables automation, capital expenditure management, cloud-based purchasing software, expense report management tools, and more, tailored to meet each client’s evolving business needs.

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Credit Cards
American Express, Debit Card, Discover, Mastercard, Visa, Yes
Wheelchair Accessible
Parking, Yes
Categories: Software Company, Business to Business Service.
ISIC Codes: 4741, 7020.

Market analysis

Earning above its category median in a growing category (Software Company).

EstimateCategory trend: 2021, +8.7%

Revenue trend (modeled)

~$1.4M2019
~$1.3M2020
~$2.1M2021
~$2.3M2022
~$2.4M2023
~$2.6M2024
Modeled from category averages for the region+12.9%/yr since 201980% confidence band: ±68%

Property

Lot size3.56 acres
CountyDallas
Parcel ownerFSP ADDISON CIR LP
ObservedPublic assessor / cadastre record

Federal support (SBA)

PPP loan (2020)$72.7K · 7 jobs reported · implies ~$349.0K annual payroll · $73.4K forgiven
ObservedSource: US SBA public records

Category context

BusinessesTotal revenueMeanMedianMedian ratingvs median
Software Company in Texas9,730~$49.4B~$5.1M~$1.6M5.0★1.6×
Category revenue trend2021: +8.7%2020: -1.3%2019: -0.4%Modeled from business-level estimates
Chain pressure90 chains expanding in this category, led by T-Mobile, At&t, Connection Center (+6,399 locations since 2016)

Revenue trajectory vs benchmarks (indexed, 2019 = 100)

Estimate

Immediate area (1 km)

BusinessesTotal revenueMeanMedianJobsEstimated wage billvs median
1 km area (all businesses)1,191~$3.4B~$2.8M~$973.8K7,035~$948.7M2.6×
Professional, scientific and technical activities218~$729.9M~$3.3M1,700
Wholesale and retail trade; repair of motor vehicles and motorcycles130~$958.1M~$7.4M877

1 km area (all businesses): median from the 911 of 1,191 businesses with estimates

Estimate

Area conditions (75001)

Population16,633 ±139
Median household income$77,598 ±$10,453
Median home value$414,900
Bachelor's degree or higher0.6%
Unemployment rate0.0%
Source: US Census ACS
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