Commercial companies escalate their focus on the business travel segment as the sector starts to pick up its pace

With the anticipation of a rising business travel segment post-pandemic, commercial companies have largely shifted their focus on payments and expense management to aid companies in simplifying their travel and expense management platforms.

This week, AmTrav partnered with Emburse while TravelPerk and Divvy teamed up.

Chicago based business travel booking platform, AmTrav and expense management platform and accounts payable automation company, Emburse have announced a partnership with their rollout of automatic receipts integration.

“The word ‘integration’ gets thrown around a lot these days, but the one between AmTrav and Emburse is robust and real-time,” said AmTrav CEO Jeff Klee.

Under this platform, the clients AmTrav travel expenses will be automatically populated in Emburse expense wallets which the company claims will “save travellers, expense preparers and expense administrators time, frustration and mistakes”.

According to the press note, the traditional travel and expense integration had shortcomings that caused errors and created extra work for the users but the platform claims to solve by ‘enabling AmTrav to send 100% accurate expense data and receipt images from the AmTrav point of sale to users’ Emburse expense wallets’. This will include any travel made through Amtrav, automatically populating expense records for additional fare amounts, change penalties or refunds.

This year, TripActions and Visa signed a partnership for an expense management solution in the travel segment while Mastercard and Amadeus expanded their partnership for virtual cards in travel.

Meanwhile, another Chicago based travel management platform, TravelPerk and expense management platform, Divvy have partnered to provide business travel and expense management experience which will be done as TravelPerk becomes Divvy’s primary travel partner with their Divvy Travel platform.

Under this, employees of small and medium businesses (SMBs) would be able to “book, manage, and pay for what they need when travelling for work, while also giving finance teams a central place to control, manage, and track spend”.

The company in its press note says that “as [SMBs] teams begin travelling again, SMBs cannot afford to lose time and money due to employees booking out-of-policy work trips, exceeding spending limits, or incorrectly filing expenses”.

The two companies in partnership have launched Divvy Travel which according to press note claims to address the issue and offer benefits such as a central portal for employees to easily book and manage travel and visibility and control for finance teams across all business spending.