Technology update: Movinn completes integration from PMS backbone to further automate sales distribution and increase visibility
Movinn has completed a full API integration to various channels to automate sales, distribute availability and widen general reach to more potential clients.
Company Announcement nr. 45 - 2024
7 May 2024 10.00 (CEST)
Copenhagen, Denmark - Movinn has completed a full API integration from existing, inhouse-built management (PMS) software to automate distribution across several new sales channels. This feature has several anticipated benefits: It is an added step to further automate our sales efforts, it will allow us to improve on our vacancy - and expectedly sell structural availability more effeciently than we have been able to do historically. It will also increase our visibility towards prospective new clients when being present across several platforms. It will not be all the units that the Company are able to add to this distribution network, but there will be a ramp up of units in distribution and a ramp up in channels in the coming weeks. With this integration, the Company expect to further offset the structural (and historical) seasonality pattern as well as improving annual revenue pr. unit, which is a long term value driver.
The company has developed the technology with our inhouse tech team under the management of CEO, Patrick Blok. Developing these feratures inhouse improves our software infrastructure significantly, while being a cost-optimal solution, as the Company are not paying high license fees to external software providers. It is also aligned with our technology-driven sales strategy to further automate sales.
CEO, Patrick Blok states: "In November we developed some steps to automate and strenghten our sales efforts. Step one was our dynamic pricing and direct booking feature that was launched in late january. Step two is this integration and step three is the Velocity Pro platform, which remains under development and launching soon as well. Great effort from the team and great momentum in our tech-deployment. This will further automate our inbound traffic, increase our reach, revenue potential and continue to make us more scalable in our sales efforts. And we are doing it all in-house, which is pretty incredible. It highlights that we are a digital, tech-driven company with a portfolio of inhouse software and IoT products that is constantly improving. We don't plug in existing software and we don't pay a ton of external sotfware licenses. All these features obviously takes time to build, but it makes us a stronger competitor in the longer run. And we have more features planned".
Contacts
Patrick Blok
CEO, Movinn A/S
pb@movinn.dk
+45 28940879
Certified Advisor
Per Lönn
Västra Hamnen Corporate Finance AB
ca@vhcorp.se
+46 40 200 250
About Movinn
Founded in October 2014, Movinn A/S has grown to become one of Denmark's leading providers of fully serviced apartments, operating within the PropTech industry and delivering space-as-a-service to mainly large domestic and international corporations and organizations. To stay at the forefront of trends in the real estate and serviced living industry - and to diversify activities - the company has created a house of brands that cover both traditional and emerging client segments.
Inhouse, the company has created a highly integrated value chain and comprehensive tech-products (several software platforms & IoT hardware) to help provide the best possible service and quality to the company's clients and to help scale profitable growth. Movinn has a strong presence in Denmark, covering Aarhus, Odense and Copenhagen (the latter being the largest and primary market), and the company is planning to expand its operations into new European destinations.
Movinn A/S has received approval for admission to trading of its shares on Nasdaq First North Growth Market Denmark under the ticker “MOVINN”.