Coupa execs on Monday confirmed it bought Yapta for about $100 million, but said the new property would underperform relative to original expectations. Wex acquired fellow payments firm eNett at what one analyst called a “steep” multiple. Recent acquisition activity is far from the only thing that looks upside-down in the new environment. Forecasting is virtually impossible. Publicly traded companies…
Actively managing the largest proportion of spending possible is a primary goal for buyers across various categories. The corporate travel category presents a unique set of challenges and opportunities. Areka Consulting’s Louise Miller explains. Many procurement professionals tell me they consider the…
In a move that opens up opportunities for risk management and communications firms, SAP Concur is sunsetting its TMC Messaging service. The company declined to offer details; multiple industry sources conveyed knowledge of the plan, shared with customers during the past few months. With TMC Messaging, travel management companies can locate travelers and communicate with them. It’s built on the…
The dynamic world of corporate travel keeps all involved on their toes. It’s not just the nature of travel — delays, cancellations and a multitude of other complications. It’s also the business of travel. Travel management practitioners must consider how new processes,…
Corporate travel management companies Adelman and WTMC will use the 30SecondsToFly Claire artificial intelligence/chat service, and World Travel Inc. plans to test the same. Claire offers bookings by natural language processing through SMS, Facebook Messenger, Slack, Skype and web chat. It learns and…
UATP for the first time will allow travel management companies to issue their own payment accounts. The program is starting in the United States as a means to accelerate UATP’s growth in the market. The payment network expects to announce the first…
[UPDATE, August 20, 2018: The Department of Defense picked SAP Concur to build a new travel system. Working with Accenture Federal Services, Booz Allen and CWTSato Travel, Concur is tasked with delivering a “prototype” within 24 months.] No one spends more on travel for work than the U.S. military. Its mission to modernize how it goes about that has taken a…
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