Expense management software provider sets records for sales volume and customer acquisition
Los Angeles: Chrome River Technologies, a global leader in expense and invoice management solutions, announces record first quarter sales, increasing its customer acquisition volume by almost 100% over the corresponding period in 2016, and recording the largest first-quarter sales total in the company’s history.
Chrome River added customers across a broad range of industries and countries, announcing new brands such as global soft drinks bottler, Coca-Cola Hellenic Bottling Company and Canadian transportation leader, Bison Transport. The company passed the 600-customer threshold, and now has users in more than 100 countries, submitting expenses in 170 currencies.
The company also reached several major milestones in its growth. In March, it achieved an annualized run rate of 10 million expense reports and invoices processed, and growing, an increase of close to 50 percent over the corresponding month last year. This growth highlights both the rate of customer acquisition and the increasing adoption of Chrome River’s solutions within its customer base. To support the company’s rapid growth and commitment to customer success, Chrome River also saw a major hiring push in implementation and customer support, product development and engineering.
“We’re thrilled with Chrome River’s performance in the first quarter, which was by far the most successful start to any year in the company’s history,” said Alan Rich, CEO of Chrome River. “This continued growth demonstrates the increasing market awareness of the benefits of Chrome River’s technology and user experience. As Chrome River continues to increase its share of this market, we are committed to continued investment in innovation, customer service excellence, and our ability to deliver rapid and consistent return on investment for our customers.”
About Chrome River
Chrome River Technologies, Inc. lets business flow for some of the world’s largest and most respected global organizations. Our highly-configurable cloud-based expense reporting and supplier invoice automation solutions deliver an elegant and intuitive user interface, which offer the same high quality experience on a smartphone, tablet or laptop. Our SaaS products provide a world-class business rules engine and technology infrastructure, combined with a completely agile solution that supports today's changing business climate, and that the CFO, AP and travel managers, and business travelers will all love.
To find out why Chrome River is trusted by more than 1 million users at 600 organizations worldwide, contact us at +1 888 781 0088 or visit us at www.chromeriver.com, or on Facebook, Twitter and LinkedIn.