“Business travel and smart spend management go perfectly hand in hand,” Spendesk said in a Thursday (Nov. 9) post on LinkedIn. “We’re thrilled to announce our new integration with TravelPerk, the leading travel management platform. Companies can now book their business travel through TravelPerk and manage their travel expenses seamlessly within Spendesk.”
The post added that companies that do so can expect automated receipt collection, better budget control and enhanced financial analytics.
This new collaboration aims to simplify corporate travel expense management by streamlining processes, improving time management and providing better budget control for businesses, FinTech Finance News reported Friday (Nov. 10).
One of the key features of this integration is a streamlined approval workflow, according to the report. With a simple and unified approval process, businesses can enhance control and productivity. Additionally, the integration eliminates the need for manual receipt collection, saving time and reducing errors for both travelers and businesses. Finance teams can also access detailed cost breakdowns per trip, providing practical insights that make decision-making more effective.
During the beta phase, extensive client reviews and feedback were taken into account to create a fully automated end-to-end process that meets the needs of businesses, the report said. This collaboration aims to provide the smoothest travel spend management experience for joint customers, allowing them to focus on what really matters for their business instead of hunting down travel expense receipts.
Kelly Jewison, senior director, global partnerships and business development at TravelPerk, said in the report: “We are happy that our joint customers now have the smoothest travel spend management experience, and can spend time on things that really matter for their business instead of hunting down travel expense receipts.”
Stephane Baranzelli, vice president, Continental Europe at Spendesk, added: “It brings efficiency, accuracy and transparency to managing travel expenses, making life so much easier for employees who book and travel often, but also for finance teams who get full visibility and control over travel spends.”
PYMNTS reported in August that global business travel and event costs are expected to keep climbing through the remainder of 2023 and into 2024. Increased fuel prices, labor shortages and supply chain challenges have caused the ticket prices of business travel to skyrocket.