Troovo Announces B2B Payments Solution
Troovo has announced the launch of an end-to-end solution that will automate enterprise payments across any ERP system, credit card processor, bank or currency.
Using its rules-based robotics process automation (RPA) technology, Troovo helps companies integrate their disconnected vendor payment systems, expense management platforms, paper-based payment processes and accounting platforms. The company says that its technology eliminates payment fraud, labour costs and errors.
Troovo’s RPA technology is working with ConsenSys to utilise virtual payment solutions for travel-related expenses. Now ConsenSys employees can avoid putting travel expenses on their personal cards and having to request subsequent reimbursements. Troovo is also working with Consensys to integrate a live feed of Consensys’ travel bookings into a newly developed smart contracts platform being developed by Ansero, a ConsenSys company, to be launched later this year.
Troovo’s Robotic Process Automation (RPA) technology allows ConsenSys Travel to solve a major pain point for the company’s travellers – the need to put hotel charges on their personal cards and then submit them for reimbursement – while also driving greater adoption of the travel programme, better controlling hotel spend and generating far more actionable data.
Troovo has also created an API to provide travel booking data to Ansero, a start-up within ConsenSys building next-generation travel management solutions. Having completed one integration with Troovo, Ansero’s product Smart Hotel Rate is actively monitoring the effectiveness of ConsenSys Travel’s negotiated hotel discounts – and will soon do the same for external customers with only minimal additional development effort.