Concur’s solutions, combined with GraspPAY’s automated travel payments, together create a powerful tool for travel managers and TMCs that drives flexibility, security and compliance when managing payments for corporate travel transactions.
COLUMBUS, OHIO – Grasp Technologies, leader in data management, consolidation, and visualization of data for the travel industry, announced that its business travel payment solution, GraspPAY now seamlessly integrates with Concur, an industry first. As one of the world's leading automated corporate travel and expense management solutions, Concur is widely used by travel managers to manage travel bookings and expense reconciliation. GraspPAY automates not only the process of issuing single-use virtual card numbers (VCNs), but also their use within current booking workflows.
Concur's solutions, combined with GraspPAY's automated travel payments, together create a powerful tool for travel managers and TMCs that drives flexibility, security and compliance when managing payments for corporate travel transactions.
"Our teams continually innovate tools that empower users and move the travel industry forward, especially in regards to automating manual processes," says Erik Mueller, CEO and Founder of Grasp Technologies. "Our goal with GraspPAY was to create a solution that made managing single-use VCNs easy, flexible and seamless. We knew there was room for further automation and integration of VCN technology into current workflows, so we developed GraspPAY to interact seamlessly with Concur and other booking tools."
GraspPAY's innovative technology is an improvement over other business travel payment solutions as it eliminates the need to manually add a single-use VCN to each booking in the GDS or booking tool. This is accomplished by leveraging Grasp Technologies' close partnership with SureWare, travel profile syncing experts.
GraspPAY's Concur integration provides the following key benefits:
- Requires no intervention on the part of the agent or travel manager, creating a "touchless" solution.
- Works alongside current booking workflow rather than adding an additional, cumbersome, platform.
- Involves no change to the booking process for the traveler.
- Requires no custom programming by Concur or end user.
- Falls within standard support using Concur XML Sync integration (no need to conform to an API).
"Concur integration for single-use VCNs is a functionality that has been top-of-mind for our customers," says Mueller. "We are very pleased that we could develop and deliver this to them, bringing new capabilities to the T&E payments space."
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
