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In August 2005 the company had an IPO that raised 15 million NOK (Norwegian kroner) and the company was listed on the OTC list as of 5 October 2005; the ticker was 24SO. In June 2013 the shareholders decided to delist the company as they felt 24SevenOffice was undervalued.
24SevenOffice has recently invested heavily in Purchase Invoice processing with workflow and Approval path with a full audit trail. As a result of this, 24SevenOffice has added leading accounting firms such as PwC and KPMG to the customer list . Revisorforeningen (Norwegian association of Auditors) signed an agreement with 24SevenOffice in 2011, whereby they only recommend 24SevenOffice as a system for their members to use.
24SevenOffice has won several awards, including "Seal of Excellence" at CeBIT and "Product of the Year" in the Norwegian finance magazine "Kapital".
The only competitor that is both international, AJAX-based, and containing a complete ERP system is the American company NetSuite , which is in turn owned by Oracle boss Larry Ellison. Other significant cloud based competitors are Salesforce.com, SugarCRM, and QuickBooks Online. Traditional competitors in Scandinavia are Mamut[disambiguation needed], Visma , Xledger, SuperOffice and HansaWorld.
The complete 24SevenOffice ERP system contains the following modules:
- Customer Relationship Management (CRM)
- Common Calendar
- E-Mail integration
- Marketing Campaign management
- Sales Opportunities
- Quotation/Order/Invoice process
- Stock control
- Purchase Order System
- Purchase Invoice processing
- Project management
- Time registration
24SevenOffice can be delivered as either a full ERP system, or as a Customer Relationship Management solution, or as a Project Management solution.
To add further functionality and benefits to 24SevenOffice, it is integrated to:
- Xero for accounts
- KashFlow for accounts
- MailChimp for email marketing
- E Works Manager for electronic job management system
- Magento for e-commerce
- Shopify for e-commerce
- SalesScreen for sales visualisation and motivation
- Vend for point of sale solution