Is Veeva a better buy than Salesforce right now?
Choosing a better buy here is tough. But for investors looking for the most upside potential over the next decade, Veeva is a great pick as the younger company, even with an incredibly high valuation and more focused (and smaller) industry. That's not to say Salesforce should be ignored, though.
How many customers does Veeva have?
Committed to innovation, product excellence, and customer success, Veeva has more than 500 customers, ranging from the world’s largest pharmaceutical companies to emerging biotechs. Veeva is headquartered in the San Francisco Bay Area, with offices in Europe, Asia, and Latin America.
What is Veeva CRM?
Built on the Salesforce Platform, Veeva CRM is core to Veeva Commercial Cloud, which brings together customer data, compliant content, and multichannel engagement for life sciences companies to deliver the experience healthcare professionals have come to expect.
What does the Veeva-Salesforce agreement mean for the pharmaceutical and biotech industry?
Veeva continues as salesforce.com’s preferred worldwide partner for the pharmaceutical and biotech industry. The agreement includes minimum payment commitments from Veeva over the term of the extension. Otherwise, the commercial terms of the agreement remain largely unchanged and Veeva expects the renewal to have no impact on its financial model.
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Which is better Veeva or Salesforce?
The winner: Salesforce Its business is better diversified, its stock is cheaper, and its takeover of Slack -- like its purchases of MuleSoft and Tableau -- should improve its ecosystem, lock in its customers, and widen its moat against its smaller rivals.
What is Salesforce Veeva CRM?
Veeva CRM is the most widely used life sciences CRM solution, preferred by field teams to drive intelligent engagement. Delivering best-in-class customer engagement, Veeva CRM aligns all customer-facing resources and interactions to deliver a personalized, coordinated customer experience across channels.
Is Veeva built on AWS?
Veeva uses Amazon Web Services (AWS) as its primary cloud infrastructure provider to meet Veeva customers' growing needs.
Who uses Veeva CRM?
Companies using Veeva CRM for CRM include: UnitedHealth Group Incorporated, a United States based Healthcare organisation with 350000 employees and revenues of $285.27 billion, CIGNA Corporation, a United States based Healthcare organisation with 72226 employees and revenues of $174.27 billion, Johnson & Johnson, a ...
Is Salesforce and veeva same?
Veeva continues as salesforce.com's preferred worldwide partner for the pharmaceutical and biotech industry. The agreement includes minimum payment commitments from Veeva over the term of the extension.
What is difference between Veeva and Salesforce?
Salesforce Sales Cloud is a cloud-based Customer Relationship Management (CRM) application from Salesforce. Sales Cloud helps... Veeva CRM is a cloud-based CRM system for the life sciences industry.
Is Veeva Vault a database?
Veeva Vault is a true cloud enterprise content management platform and suite of applications specifically built for life sciences. Traditionally, companies have had to deploy applications for content and separate applications to manage associated data.
How many customers does Veeva Systems have?
Customer Success and Product Excellence Drive Industry Leadership — Veeva finished the year with 1,205 customers, up a record 212 from the year prior. Veeva Commercial Solutions grew a record 81 customers to 653, and Veeva R&D Solutions also added a record 196 customers for a total of 860(2)(3).
How many people use veeva?
Veeva Systems Inc. is a leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence, and customer success, Veeva has more than 875 customers, ranging from the world's largest pharmaceutical companies to emerging biotechs.
Who are Veevas customers?
Veeva customers include dozens of small and mid-sized specialty pharmaceutical and biotech organizations, plus half of the Top 20 largest drug producers in the world. Veeva also tripled its number of employees, and reports that it is growing sustainably at 100% going into 2011.
What is Veeva CRM?
Built on the Salesforce Platform, Veeva CRM is core to Veeva Commercial Cloud, which brings together customer data, compliant content, and multichannel engagement for life sciences companies to deliver the experience healthcare professionals have come to expect. The integration of Veeva CRM and Salesforce Marketing Cloud allows information to be shared between the two cloud solutions so that sales and marketing teams can have a complete view of customer engagement.
What is Veeva Systems?
Veeva Systems Inc. is a leader in cloud-based software for the global life sciences industry. Committed to innovation, product excellence, and customer success, Veeva has more than 500 customers, ranging from the world’s largest pharmaceutical companies to emerging biotechs.
Where is Veeva located?
Veeva is headquartered in the San Francisco Bay Area , with offices in Europe, Asia, and Latin America. For more information, visit www.veeva.com. Salesforce, Salesforce Platform and others are among the trademarks of salesforce.com, inc.
What is Salesforce sales rep?
The Salesforce sales rep's job is to sell you on an idea and hope, rather than practical application, implementation, and realistic expectations of the egregiously cantankerous and universally overpriced CRM.
Is Salesforce a perfect solution?
While it's not perfect and can be overly complicated at times, there is not another solution out there that can do what it does. To get the same functionality you would need numerous disparate tools to match the amount of functionality Salesforce has. Having it all aggregated on one platform makes the complicated parts far more bearable
Is Salesforce a CRM?
Salesforce likely isn't going to be your first CRM. However, if you have a Sales team and are looking for a more advanced and possibly customizable way to run your funnel from Sales to Customer Success, you can't go wrong with Salesforce. It truly is the industry standard.
Is Salesforce available on any device?
Salesforce is always available securely from any internet-capable device anywhere in the world, UNLESS you choose to set security measures so that ONLY trusted IP ranges may access the system at certain times of the day. It's all about choice and flexibility with Salesforce products.
These two "digital transformation" businesses are on a tear this year
Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors. He is also the founder and president of Concinnus Financial, a Registered Investment Advisor based in Spokane, WA. He enjoys the outdoors up and down the West Coast with his wife and their Humane Society-rescued dog.
A life sciences technology pure play
Over the last five years, Veeva stock has been a 10-bagger, returning shareholders over 1,000%. While trailing-12-month revenue is up "only" about 200% over that span of time, the company's free cash flow (revenue less cash operating and capital expenses) per share is up over 700%.
A massive digital transformation ecosystem
Salesforce is a good example of why I wouldn't bet against Veeva even though it's currently at sky-high valuations. Salesforce was once a small-ish but scrappy cloud software company developing services in the customer relationship management (CRM) niche.
Which is the better buy?
Choosing a better buy here is tough. But for investors looking for the most upside potential over the next decade, Veeva is a great pick as the younger company, even with an incredibly high valuation and more focused (and smaller) industry. That's not to say Salesforce should be ignored, though.
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6 Takeaways from Veeva, the Biggest Vertical SaaS Success Story of All Time
I’ll conclude my recap of SaaStr Annual 2017 with a summary of the incredible keynote session on Veeva, the biggest vertical SaaS success story of all time. This session featured a conversation between SaaStr’s Jason Lemkin and Veeva Founder and CEO Peter Gassman.
Background
Peter has a 30-year background in enterprise software. Before founding Veeva, Peter was Senior VP of Technology at Salesforce, where he had responsibility for building the Salesforce platform including product, marketing, and developer relations. Ten years ago, Peter leveraged the Salesforce platform to build Veeva.
Final Thoughts
Veeva is a true SaaS phenom, with a rocket trajectory that has no end in sight. It’s the result from a founder with deep enterprise expertise and savvy business acumen. We feel fortunate to have heard Peter Gassman’s straight-talk firsthand. This is the kind of knowledge you can’t get anywhere else.