Managed corporate travel produces huge amounts of data. Organizations need it to watch expenses, monitor programs, track travelers and comply with various taxation and legal requirements. They use business intelligence tools and expense management to gather and analyze.
For companies that disclose some or all of their business travel emissions under regulatory frameworks or through voluntary reporting, new laws may offer travel managers an opportunity to sharpen their focus. “Implementing the standards is not just about compliance,” according to a 2023 KPMG report on the European Union’s Corporate Sustainability Reporting Directive (CSRD). “It’s a…
Asked how corporate travel buyers should deal with fares found outside preferred booking channels, Cisco senior global procurement service leader for travel and card Carlos Almendros said, “You’ll get a different answer for every buyer.” Travel managers also speaking at the Global Business Travel Association convention last month supported the variety of approaches and considered…
Erik Mueller is no longer CEO of Grasp Technologies, the corporate travel data consolidator and analytics company he founded in 1996. Also a virtual payment provider, Grasp has been under new ownership for about two years. Waverock Software, which acquires, manages and grows enterprise software businesses, in December 2021 announced a “strategic investment” in Grasp. …
California Governor Gavin Newsom on Sunday said he would sign new legislation requiring companies to report greenhouse gas emissions, including those resulting from business travel. State lawmakers passed the proposed bill last week. A first for the United States, the Climate Corporate Data Accountability Act (SB 253) would impact all public and private companies based…
Expense software developers and corporate travel providers are progressing in their efforts to kill the manual work associated with expense reporting. The application of artificial intelligence appears to be accelerating what has been a slow and painful demise. Emburse on Tuesday announced AI-powered receipt scanning — “the next step in realizing Emburse’s vision of an…
Upload your travel policy and create a multilingual chatbot employees can query. Talk to a “consultant.” Get another set of “eyes” on a new policy or supplier contract. Quickly analyze service level agreements for what you’re owed. These are promises of a new commercially and personally “secure” artificial intelligence tool for enterprises from PredictX, currently…
Big data company Cerebri created a carbon calculator and examined the variance between pre-trip predictions and actual flight emissions. Its model produced overall results that fell within 1 percent of actuals, though for any given flight, the swing was plus or minus 10 percent, according to co-founder and CEO Jean Belanger. Launched in 2016, Cerebri…
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