Emburse, a Los Angeles, California-based leader in travel and expense (T&E) management, acquired Tripbam, a Dallas, Texas-based provider of fully automated, always-on auditing technology to track and review corporate travel pre-trip spend, corporate negotiated discounts, and supplier contracts.
The amount of the deal was not disclosed.
The addition of Tripbam’s travel reshopping solution will augment capabilities in cost control, policy management and travel data analytics Now, Emburse’s 18,000+ customers can add flight and hotel rebooking to the T&E process, providing the lowest prices for their travel plans.
Led by Steve Reynolds, CEO and founder, Tripbam provides a technology platform that constantly tracks and compares current prices with customers’ travel reservations and automatically rebooks a flight or hotel room if a lower price is available. It has tracked more than 30 million corporate travel bookings to date, representing over $30 billion in spend. The company has served more than 2,000 customers, including Aon, Elevance Health and Microsoft.
Led by Eric Friedrichsen, CEO, Emburse is a leader in travel and expense management. Its expense, travel management, accounts payable, and payments solutions are used by more than 12 million business professionals, including CFOs, finance teams, and travelers. More than 18,000 organizations in 120 countries, including FORTUNE 100 and Global 2000 corporations, public sector agencies, nonprofits, and high-growth small businesses count on its intelligent automation, analytics, and spend control to streamline processes, increase spend visibility, enhance compliance, and deliver positive financial outcomes.
FinSMEs
19/07/2023