Fixed price offering reduces overhead, decreases risk
With COVID-19, the worldwide travel industry ground to a halt. So, Holm tore up his business plan and started from scratch. With travel off the table for implementations and travel agencies having zero cash flow, TravelOperations Business redefined its offering to be fixed price, fixed scope, and deployed 100% remotely. Deployment times were dramatically reduced from 30 days to just 10 days (from initiation to go-live) so companies could get up and running as quickly as possible when countries reopened their airports and borders.
Once the new strategy was in place, it took the company about three months to launch its updated TravelOperations Business travel order management and financial management solution, which was laser focused on small businesses looking to digitally transform their operations. Promoted through LinkedIn campaigns, the solution immediately resonated with SMB agencies even while businesses were still shut down.
“A lot of the agencies we spoke with were very frustrated because they had purchased solutions from other suppliers and couldn’t get out of their agreements even when business was at a stand-still,” said Holm. “When they saw our solution was fixed price, could scale up and down as needed, was always updated with the latest features, had a better look and feel, and was easier to use than their legacy systems, they realized it was clearly a cost-efficient, lower-risk choice to help them weather the turbulent business environment.”
As a result of its new strategy, TravelOperations Business has added 18 net new Microsoft customers in the last 10 months across nine different countries. Part of its success comes from a strong focus on training and support after deployment to ensure customers are successful until they become self-sufficient. “In addition to our hyper-care approach to onboarding, we just released a new product for online training in 50 different languages so we can do an even better job of getting users up to speed,” said Holm.
Building for the future during COVID-19
One of the forward-thinking customers that engaged with TravelOperations Business during the COVID-19 shutdown was DealCaptains, a travel consulting group started by CEO Lisa Simpkins in 2019. With 15 clients going into 2020, Simpkins saw an opening when COVID-19 hit to rethink traditional technology models for her business. “I chose to see it as an opportunity to focus on building a business for the future. It was a crucial moment to concentrate on getting our technology foundation just right, centering our attention 100% on creating the best possible customer experience,” said Simpkins.
With business-to-business travel margins razor thin, a technology-first, cloud-based approach that offers customers omnichannel, hassle-free experiences serves as a real differentiator—especially in a recovery market. “TravelOperations Business delivers all the key components we need ranging from CRM and profile management to end-to-end travel back office and ERP. Having all functions within one ecosystem is amazing —it just works,” said Simpkins.
TravelOperations Business' open-source integrations with telephone systems, booking sources, agnostic GDS/NDC enabled, ARC, and vendor and bank reconciliations also make a world of difference. “By having every vital business function in Microsoft’s ecosystem, we save thousands and thousands of dollars a month. To a small business this is huge,” Simpkins continued.
Microsoft cloud helps drive growth in still volatile market
With COVID-19 still at pandemic levels and travel not yet recovered to where it was in 2019, TravelOperations Business sees a strong future for its streamlined offering on Dynamics 365 Business Central. In particular, as one of the very few Microsoft-based solutions in the travel market, the company believes the complete Microsoft cloud is a big reason for its robust growth trajectory.
“The scalability and interconnectivity of Dynamics 365, Azure, and the rest of the Microsoft productivity stack are real differentiators,” said Holm. “As new capabilities around IoT, automation, and collaborative business processes evolve, we see our Microsoft partnership becoming even more important going forward, helping SMBs innovate and build trust in a challenging market.”