News and Announcements
Marketboomer On-Track to Achieve 40% Increased Revenue Along with Other Financial Insights
- Published July 03, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Marketboomer provides a cloud-based procure-to-pay solution which includes purchasing, invoicing and supply chain finance. Our current focus is on the Hotel, Hospitality and Aged Care industries. With over 70% marketshare in the Hospitality market, it’s now time to grow aggressively in aligned sectors.
KEY TAKEAWAYS:
Revenue progress
- Increased revenue and fees with our largest customers
- Increased supplier fees
- Increased professional services fees with a proactive sales approach
- Launched marketshare insights with a dedicated sales & marketing campaign – proven interest and ROI
- Continued to roll out Purchase Plus with Accor – AU Wide Australia’s two largest hotel groups now using paperless invoicing
- Decreased cost of administration overheads
Team and product development
- Developed and launched a rebate management system in partnership with Accor, Australia’s largest hotel group
- Active sales and marketing team now in place
- Strong interest from channel partners globally
Market Insights
- 40% Increase recurring revenue from existing buy-side customers
- 18% increase in buy-side customers
- 35% increase transactional revenue run rate per supplier
- 40% increase in electronic invoicing volume
For more information, please click on the right to download the file.
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