TripActions, a booking and management platform, has recently secured $155 million in a series E funding round. The platform offers real-time data, automated reporting, and insights into business travel and expenses for enterprises. With its AI-enabled capabilities, TripActions provides companies of all sizes access to a wide range of inventory, including flights, accommodation, and car rentals. Additionally, it offers 24/7 access to a global network of travel agents.

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Hatched by Glasp

Aug 29, 2023

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TripActions, a booking and management platform, has recently secured $155 million in a series E funding round. The platform offers real-time data, automated reporting, and insights into business travel and expenses for enterprises. With its AI-enabled capabilities, TripActions provides companies of all sizes access to a wide range of inventory, including flights, accommodation, and car rentals. Additionally, it offers 24/7 access to a global network of travel agents.

One of the key selling points of TripActions is the abundance of data it provides. It serves as an end-to-end tool that encompasses both travel and expense management. On the travel side, the platform optimizes flights and hotels based on the preferences and historical travel behavior of the company or individual. This ensures that the travel arrangements are tailored to their specific needs.

On the expense side, TripActions leverages AI to automatically classify each expense into categories, detect items that are not permitted under a company's policy, and align spending with corporate events in the calendar. This streamlines the process for finance teams, allowing them to delve into payment and expense data in real time. Unlike traditional systems, employees no longer need to manually submit expenses, as the platform takes care of the categorization and compliance checks automatically.

The recent updates to TripActions' platform have been designed to cater to the evolving needs of businesses. Even if travel patterns change in the future, such as more remote team meetings or fewer trips per year, TripActions believes it will still be able to win businesses by adapting to these changes. The addition of spend management technologies has allowed TripActions to expand into new markets that are parallel to corporate travel. This move has positioned the platform as a comprehensive solution for businesses, encompassing both travel and expense management.

In addition to TripActions' funding news, Product Hunt, a popular platform for discovering new products, has released its Upvote Bell - Hunters leaderboard. This leaderboard showcases the top hunters on Product Hunt, who are individuals that consistently discover and share innovative products with the community. It serves as a recognition for their contributions and provides a way for users to discover new products through the recommendations of these top hunters.

Combining these two pieces of news, we can see the importance of data and discovery in the modern business landscape. TripActions utilizes data to optimize travel and expense management, allowing businesses to make informed decisions and streamline their processes. On the other hand, Product Hunt's leaderboard highlights the significance of discovery and curation in the tech industry. Through the recommendations of top hunters, users can find new and innovative products that can potentially transform their businesses.

To leverage these insights and improve your own business travel and expense management, here are three actionable pieces of advice:

  • 1. Embrace AI and automation: Consider adopting AI-enabled platforms like TripActions that can automate processes such as expense categorization and compliance checks. This not only saves time but also ensures accuracy and allows finance teams to access real-time data.
  • 2. Stay updated with industry trends: Keep an eye on emerging technologies and platforms, such as Product Hunt, that can help you discover new tools and products relevant to your business. By staying informed, you can stay ahead of the competition and identify opportunities for growth and improvement.
  • 3. Tailor travel arrangements to individual preferences: Take a personalized approach to travel management by leveraging data and preferences. By understanding the specific needs and preferences of your employees or company, you can optimize travel arrangements and improve overall satisfaction and productivity.

In conclusion, TripActions' recent funding success and the release of Product Hunt's Upvote Bell - Hunters leaderboard highlight the importance of data, automation, and discovery in the business world. By embracing AI and automation, staying updated with industry trends, and tailoring travel arrangements, businesses can enhance their travel and expense management processes and drive growth.

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