AP NEWS

TravelBank Adds Josh Abich, SaaS Veteran, as Chief Revenue Officer

October 3, 2018

SAN FRANCISCO--(BUSINESS WIRE)--Oct 3, 2018--Today TravelBank, the leading all-in-one travel and expense platform, announced it added Josh Abich, longtime customer experience and SaaS veteran, as its first Chief Revenue Officer. In this role, Josh will be responsible for driving customer value, scaling TravelBank’s current high-performing sales organization, and implementing new revenue strategies enabled through channel partners.

Abich will join co-founders Duke Chung, CEO, and Reid Williams, CTO, who are currently the company’s only C-level executives. This will be the first C-level addition to the TravelBank team since the company was founded in 2015. Chief Revenue Officer was the most important next hire for the company as it sets its sights on large, enterprise customers and enters a new phase focused on growth and revenue.

“TravelBank has grown quickly in the last few years and each year we’ve moved up market, serving larger and larger businesses. Our product has evolved and will continue to grow, giving us the momentum we need to focus on larger enterprise customers. Josh will play an instrumental role in helping us bring our travel and expense software to the enterprise,” said Duke Chung, Co-founder and CEO of TravelBank. “Josh’s knowledge of the inner-workings of large companies coupled with his leadership and unparalleled ability to help customers solve complex business challenges, make him a tremendous asset for TravelBank.”

Most recently, Josh served as a Vice President of Sales for Genesys, a global market leader who delivers omnichannel customer experience solutions. During his time there, he launched and drove high-velocity marketing and sales initiatives that resulted in double-digit new logo growth, 2x average deal size, and reduction of sales cycle time from over 120 days to less than 60. Prior to Genesys, Josh helped grow and eventually lead the sales team at Angel.com, contributing to the successful Genesys acquisition of Angel in 2013.

“The opportunity to deliver on TravelBank’s strong value proposition for its customers, improving the way their employees plan, book and expense corporate travel, is significant,” said Abich. “My background has provided me with a unique view into the expectations of a corporate traveler and the need for companies of all sizes to better manage their travel spend. I look forward to driving value for our customers and developing a highly-motivated sales organization that will serve TravelBank in its next phase of growth.”

Over the last six months, TravelBank has increased the number of new business users per month by 30x and is on track to have processed one million in expenses by the end of 2018.

About TravelBank

TravelBank is a modern business travel management platform that uses a proprietary algorithm to predict travel costs and build budgets with real-time pricing. Designed for busy professionals, the app features a curated travel bookings portal with special corporate rates for business travel, a rewards program that incentivizes employees to choose more cost-effective options, and an expense reporting tool, all with 24/7 customer support.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005179/en/

CONTACT: Mighty for TravelBank

Alex Avila

travelbank@mightypr.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE TRAVEL TRANSPORTATION MOBILE/WIRELESS

SOURCE: TravelBank

Copyright Business Wire 2018.

PUB: 10/03/2018 09:00 AM/DISC: 10/03/2018 09:01 AM

http://www.businesswire.com/news/home/20181003005179/en

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