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U.S. corporate travel and expense tech startup TripActions on Wednesday said it raised $275 million at a valuation of $7.25 billion, its second major fund raising event announced this year.
Firm built AI-powered platform for corporate travel bookings and expenses; major clients include Zoom, Lyft, Heineken
TripActions platform allows executives to book flights, hotels, rental cars and other services by themselves, while enabling CFOs to keep track of corporate expenditure.
Automating manual tasks is an opportunity for companies that benefits all stakeholders. Here's 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 enterprises reported that their businesses didn't have a cloud-based solution for travel and expense manage...