Corporate travel service firms Expensify and TravelPerk are combining services with a new partnership.
The companies said Thursday (April 20) that they have struck a collaboration that sees them offering joint solutions to mutual clients. Expensify provides expense reporting for businesses whose travelers need to manage corporate funds while on a business trip, while TravelPerk provides a platform for businesses to book and manage trips for their employees.
Together, the companies said they hope to provide a more holistic corporate travel offering.
“With this partnership, we’re thrilled to offer users a seamless experience that takes the pain out of business travel — from booking the best deals to managing travel policy and, finally, reporting and reimbursing expenses,” said TravelPerk CEO Avi Meir in a statement. “Now travelers can simply sit back and enjoy the ride.”
“Business travel should be about growing your business, not about cumbersome logistics and collecting receipts,” added David Barrett, CEO of Expensify, in another statement. “We’re thrilled to collaborate with TravelPerk to offer mutual customers a seamless end-to-end T&E experience, from the moment of booking until the moment of reimbursement.”
Analysis from Skift released last year forecasted 2017 to be a year of growth for corporate travel, especially in emerging markets. While hotel prices are expected to increase slightly, airfares are expected to remain flat, Skift predicted, helping business travel booking volume to grow.