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How Companies Can Control Travel and Expense Costs Better

Automating manual tasks is an opportunity for companies that benefits all stakeholders. Heres how finance teams can make traditional expense management a thing of the past. T&E, which stands for travel and expense, is the second-largest controllable cost for businesses and an important driver of growth. But despite its significance, most companies have ignored implementing efficiencies — which costs real time and money. In a 2020 survey from Forrester, 85% of respondents from large enterpri...
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Silicon Valley-based TripActions expands with Austin office

TripActions, a fast-growing Silicon Valley business travel platform, has landed in Austin to tap into the regions tech talent pool. The company, based in Palo Alto, Calif., has opened an office in downtown Austin at 600 Congress Ave. with a 25-person team. It says it plans to double its local headcount by the end of the year. The Austin office follows TripActions recent $155 million funding deal, which was led by Andreessen Horowitz. The investment increased the companys valuation to $5 bill...
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TripActions Wants to Find Ways to Unite Dispersed Employees With $155 Million in New Funding

More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more Eyebrows will be raised at TripActions’ $155 million funding round, considering business travel’s very uncertain future. Investors on Thursday threw yet more cash at the travel booking and expense platform. This Series E round follows its $125 million raising in June last year, and tops off an eventful few weeks for several other corporate travel startups. So far TripA...
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Source: skift.com

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