Firm Management
Mike Sabbatis Joins XCM Solutions Board of Directors
XCM Solutions, LLC announced today the appointment of Mike Sabbatis to the XCM Solutions Board of Directors. Sabbatis will help execute XCM’s growth strategy to meet demand for workflow management solutions.
Mar. 25, 2013
XCM Solutions, LLC announced today the appointment of Mike Sabbatis to the XCM Solutions Board of Directors. Sabbatis, who has been recognized for his innovation and leadership within the accounting profession, will help execute XCM’s growth strategy to meet demand for workflow management solutions. XCM provides cloud-based workflow management software for accounting professionals.
“Over the years, our experience in working with Mike as a customer, business partner, and a competitor has been one of mutual respect and collaboration – through our common goal of providing the best solutions for practitioners,” said Mark Albrecht, Founder and CEO, XCM Solutions. “His leadership, deep industry knowledge, and broad expertise will no doubt serve as assets in guiding us through this exciting phase in the life of our company. However, to me, it’s really his vision and passion that make him such a good match for our culture.”
Sabbatis is the former president and CEO of CCH Tax and Accounting, North America at Wolters Kluwer. During the course of his career, he has led teams in delivering new Cloud computing, SaaS and mobile solutions and business models for accounting and finance professionals and businesses. He is known for pioneering the “paperless” revolution and has extensive knowledge on the end-to-end workflow processes for businesses.
While at CCH, Sabbatis led several business units centered on customers in the professional and corporate software, information and services markets. He has also served as Executive Vice President of Global Sales & Marketing and Vice President of Business Development at CCH; CMO at Advantage MOTI, a joint venture with Datamatics, Ltd focused on BPO; and Vice President, Business Development and Strategic Accounts at Thomson Corporation.
Sabbatis’ appointment to XCM’s Board of Directors follows a series of other recent high-profile appointments, including Kim Hogan’s appointment as the Director of West Coast Operations last year and Joe Manzelli Jr.’s appointment as a leader in XCM’s Outsourced Workflow Division earlier this year. The company also reported record sales and growth across all product categories for 2012, including growth in net new business by 89 percent from the previous fiscal year and overall growth of 39 percent during the same period.
As more firms aim to streamline their workflow management processes, XCM plans to expand its presence in the profession. XCM currently provides quality workflow management solutions to 30 percent of the nation’s Top 200 firms and more than 400 small to mid-size firms.
“It’s an exciting time in the life cycle of a software company as we are seeing a broad market adoption of workflow software,” said Sabbatis. “XCM Solutions had the vision in this area and is at a level of maturity where their applications are proven to meet the needs of firms large and small. They have deep subject matter expertise and a passion that positions them well to capitalize on the market opportunity.”