Expense Management - Business Travel News Expense Management - Business Travel News

Share this page

NewsLog

September 17, 2014 - 04:10 PM ET

Carlson Wagonlit Travel now offers a virtual card product powered by payment technology provider Conferma, the travel management company announced Wednesday. CWT indicated clients can use the tool initially to pay for lodging or low-cost carrier flights through all global distribution systems, with "other content" available in the future. Depending on its home country, a client will be able to issue virtual cards through either its own card provider or CWT's.

September 16, 2014 - 04:50 PM ET

Pennsylvania-based ExpenseWatch launched a new approval feature and now integrates with MapQuest, the expense management company announced Tuesday. The MapQuest feature, according to ExpenseWatch, allows users to attach single or multiple maps to individual expense line items to "quickly" calculate mileage for repeat destinations—for example, trips between home and an airport. The geographic data in turn gives travel managers more insight on spending and travel activities, according to ExpenseWatch. The Empowered Approvals feature allows travel managers to configure the information fields they see in their expense report summaries to "easily and accurately" approve reports, according to the firm. Users can prioritize views of such items as transaction types, submitters, dollar amounts or out-of- budget items. Users also can create and print analytical reports, as well as approve or reject line items in bulk or by line.

September 16, 2014 - 03:45 PM ET

American Express Global Business Travel named long-time Amadeus executive Philippe Chérèque its new chief technology officer. According to an Amex spokesperson, Chérèque "will lead our technology strategy and innovation with a focus on core platforms and critical path products." The spokesperson added that Chérèque's team also will focus on "platform optimization and GDS connectivity, as well as on newer technologies that can facilitate greater mobile and tablet functionality to meet the growing trend of consumerization in the industry." Amex GBT president and CEO Bill Glenn in July told BTN that following the relaunch of the company as a joint venture it would "aggressively move on the information and technology side." Chérèque had worked for Amadeus between 1987 and 2011, culminating with a role as executive vice president of commercial. He subsequently served as an advisor to Emirates on that carrier's reservations system strategy.

September 10, 2014 - 11:40 AM ET

Concur partnered with French taxi service Taxis G7. Initial integration now lets users connect their Concur accounts to Taxis G7's mobile app to "seamlessly book and receive e-receipts directly into Concur Expense." The companies noted that Taxis G7's eCab app now is available for users in Paris, Amsterdam and Brussels, with plans to expand by year-end to 15 additional European cities. Additional functionality for the eCab platform, also expected later this year, would include advance booking of "fixed-priced routes such as airport transfers." Taxis G7 claims a fleet of 7,600 affiliated taxis and a large partnership network throughout Europe.

August 20, 2014 - 09:40 AM ET

Accounting and ERP software provider Sage now integrates with Abukai Expenses, the companies announced. Sage clients can use Abukai to upload PDFs or snap photos of their receipts. Using optical character recognition, Abukai automatically reads such expense data as transaction date, vendor, amount and value-added tax and enters it into expense reports, which feed the Sage One online accounting software. The expense firm in June also partnered with cloud-based ERP system Exact Online.

August 04, 2014 - 09:50 AM ET

Travelport acquired a 49 percent share in Australian travel tech firm Locomote and upped its ownership in eNett International. The former claims to provide "seamless management" of "travel, authorization and procurement processes, including corporate traveler profile management, pre-trip approvals and duty of care capabilities." Locomote already uses Travelport technology for profile management, content aggregation and other functions. Meanwhile, Travelport now owns 73 percent of the eNett payment solutions joint venture (raised from 57 percent). ENett provides virtual account numbers via MasterCard to facilitate payments between travel agencies and suppliers. Partner PSP International holds the remainder. The transaction valued eNett at about $450 million.

July 30, 2014 - 11:35 AM ET

American Express reported a 1 percent decrease in global corporate travel sales versus the prior year-over-year period, to $4.9 billion. The slight decline followed three consecutive quarters of growth. The company also reported a $626 million gain from the closing of its business travel joint venture with investment firm Certares, which helped boost net income for the quarter by 9 percent to $1.5 billion. Total expenses decreased 58 percent to $361 million compared to last year, also attributed to the joint venture. Card-billed business in the Global Commercial Services division rose 7 percent year over year to $47.6 billion. GCS cards in force remained flat at seven million, but average cardholder spending rose 7 percent to $6,781.

July 28, 2014 - 03:15 PM ET

Customers now can use U.S. Bank's virtual card product to purchase air tickets, the bank announced Monday at the Global Business Travel Association's annual conference in Los Angeles. Launched in 2012 and in partnership with global distribution system Sabre and payments technology provider Conferma, U.S. Bank Travel VirtualPay previously could create single-use account numbers only for lodging bookings. U.S. retailer Macy's piloted the service in the United States, according to U.S. Bank. The bank also announced other virtual card enhancements, including the ability to instantly adjust credit limits and reimburse third-party service providers.

July 24, 2014 - 02:40 PM ET

Citi and Concur partnered to provide to mutual clients consolidated data encompassing Citi corporate cards, the Concur expense system and travel management company data. Clients will have access to "a few" sets of complimentary reports, while additional reports can be purchased at a price determined on a "client-to-client" basis, Citi global head of commercial cards Manish Kohli told BTN. Leveraging Concur's TravelTrax reporting tool obtained when it acquired TRX, the system is accessible on the Citi Manager platform. Concur and Citi are running a pilot with two U.S.-based and two Europe-based clients and has made the tool available in all markets in which both companies operate.

July 18, 2014 - 11:45 AM ET

Wells Fargo built an expense reporting tool for its corporate card clients, Wells Fargo vice president and commercial card product manager Michelle Dutcher told BTN. The Commercial Card Expense Reporting service is accessed via Wells Fargo's CEO Mobile application, and allows travelers to upload receipt images via their smartphones. The bank can provide a direct file feed to a company's enterprise resource planning system and allow program managers to download general ledger data files into their accounting systems, according to Dutcher. CEO Mobile is compatible with Android and iOS smartphones and tablets.

July 17, 2014 - 03:00 PM ET

Concur enabled bookings of U.K. taxi provider Addison Lee through its Concur Travel platform, with direct electronic receipt links to expense reports, the companies announced Thursday. The "Direct Connect" service, available as a mobile application in Concur's App Center, ensures travelers use negotiated corporate rates and ensures expense accuracy without the need for paper taxi receipts, which are "often mistakenly or intentionally different from the actual cost," according to the companies.

July 09, 2014 - 11:15 AM ET

Corporate housing supplier Furnished Quarters has added an online payment service, the company announced this week. The company's website now takes payments by PCI-compliant credit cards and electronic checks through a partnership with online payment processor PayLease. Guests can make payments on either a one-time or a recurring basis, according to the company.