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Box Banks on New Product Built With IBM to Reach More Business Customers

Software provides simpler, one-stop tool for collaborative projects.

Box Inc., trying to expand revenue amid slower billings growth, will unveil new software developed with IBM to help companies set up and manage document-heavy workflows like recruiting, budgeting, sales and customer management.

Called Box Relay, the product lets customers build processes and invite workers and outside partners to participate. They can review, edit, upload and reject needed documents and receive alerts to keep up to date on progress. It relies on workflow software from Box partner International Business Machines Corp.