Marketboomer On-Track to Achieve 40% Increased Revenue Along with Other Financial Insights

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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