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Articles tagged “expense management”

News Blog

TripActions Secures $400 Million in Credit Facilities

Corporate travel agency TripActions this week secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank, which it said it will use to "accelerate the expansion of its customer base." The credit facilities consist of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with…

Matthew Parsons | 1 year ago
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Business Travel

Skift Webinar: The Unexpected Path of Corporate Travel in 2023

In this recent webinar, TripActions and The Points Guy joined Skift to take a practical and data-driven look at unexpected opportunities for companies to refine their travel and expense strategies and realize the full benefits of corporate travel.

Navan + Skift | 1 year ago

Skift Webinar: The Unexpected Path of Corporate Travel in 2023

Business Travel

Africa Travel Investor Finds New Rental Venture Incompatible With Remote Workers

Vacation rentals in African destinations tailored to professionals no longer tethered to offices? In theory it’s a sound idea, but one venture studio has just had to close down its startup.

Matthew Parsons | 1 year ago

Africa Travel Investor Finds New Rental Venture Incompatible With Remote Workers
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Business Travel

How Hospitality Brands Can Streamline the Business Traveler Experience

Today’s corporate travel managers and business travelers expect frictionless experiences, especially when it comes to managing expenses. By leveraging automated expense management capabilities for their guests, hospitality brands can accelerate digital transformation, deepen customer loyalty, increase operational cost savings, and create seamless customer experiences.

Banyan + Skift | 1 year ago

How Hospitality Brands Can Streamline the Business Traveler Experience
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Business Travel

Corporate Travel Trends in Europe Lead to New Demands from Business Travelers

Changes on the corporate travel landscape are creating more complex policies, expenses, and payments. Travelers can benefit from simplified all-in-one solutions that allow them to focus on getting the most out of their trips — in turn driving productivity, trust, and satisfaction.

Navan + Skift | 1 year ago

Corporate Travel Trends in Europe Lead to New Demands from Business Travelers

News Blog

SAP Concur on Track to Reach Pre-Pandemic Levels by Next Year

SAP, the parent company of the Concur suite of tools for managing travel expenses, said on Tuesday the company's unit was recovering after the pandemic shock. "Concur is actually recovering very nicely," said Luka Mucic, chief financial officer for the German software giant. "They are only representing this quarter a 1 percent drag on the…

Sean O'Neill | 1 year ago

Business Travel

In Search of Corporate Travel’s Elusive Recovery

Most industry forecasts point to an eventual recovery — even to the 2019 high of $1.4 trillion in annual spending — as business trips start to bounce back. But many underlying trends are emerging in a fragile global economy. How we travel, and for what purpose, is far from certain as we enter a new era of accountability.

Matthew Parsons | 2 years ago

In Search of Corporate Travel’s Elusive Recovery

Business Travel

U.S. Companies Are Cutting Budgets for Business Trips by 25 Percent

Tighter, leaner policies could put the brakes on the surge in travel that we've seen in recent months, a warning sign of economic trouble ahead and more bad news for business travel's full recovery.

Matthew Parsons | 2 years ago

U.S. Companies Are Cutting Budgets for Business Trips by 25 Percent

News Blog

Corporate Lodging Platform HRS Buys Expense Startup PayPense

Corporate hotel booking platform HRS has bought PayPense, as it pushes further into expense management. Terms of the deal, announced on Thursday, weren’t disclosed, but the acquisition follows its purchase of billing company Itelya in 2021. Staff at Germany's PayPense will officially become HRS Pay employees when the acquisition formally closes in August. Interestingly, HRS…

Matthew Parsons | 2 years ago
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Business Travel

Here’s Why Travel & Expense Spend Is So Hard to Manage

It’s time for finance leaders to embrace a modern approach to travel and expense management that can control costs while doing what every company needs to do right now: keep employees happy.

Navan + Skift | 2 years ago

Here’s Why Travel & Expense Spend Is So Hard to Manage