Latest News
HomeMICE IndustryBusiness TravelBCD Travel streamlines spend management process with enriched collection of invoice data
Business travel

BCD Travel streamlines spend management process with enriched collection of invoice data

  • Yannis Karmis, senior vice president of Product Planning and Development at BCD Travel.
  • Thibaud De Keyzer, CEO of Mobilexpense.

BCD continues to invest heavily in the infrastructure, processes and programming of multi-source data to connect its platforms and systems, drive operational efficiencies and provide actionable insights.

UTRECHT, THE NETHERLANDS – As part of its ongoing commitment to the digital transformation of corporate travel and expense, travel management company BCD Travel announced the availability of a structured set of invoice data that will streamline the spend management process for customers.

The robust data set, delivered by BCD’s Invoice API, combines trip information with the financial details of the ticket transaction, fare and tax breakdown, ticket status, and even the status of each individual coupon within the ticket. Later this year, the data collection will also include receipt images for BCD and non-BCD invoices.

BCD continues to invest heavily in the infrastructure, processes and programming of multi-source data to connect its platforms and systems, drive operational efficiencies and provide actionable insights. BCD is leveraging the Invoice API for its proprietary BCD Pay spend management platform and for making it available to customers and partners to drive automation and efficiencies through external travel and expense solutions.

“We make this enriched data available to our customers and technology partners in near real-time through open APIs to solve a variety of use cases for travelers, travel managers and finance teams,” said Yannis Karmis, senior vice president of Product Planning and Development at BCD Travel. “Our invoice collection is an example of a targeted data set that, in this case, helps us collectively mitigate some of the challenges of T&E spend management for customers.”

Mobilexpense is the first BCD partner to develop against this advanced collection of invoice data for the purpose of simplifying and expediting the expense process for BCD travelers. They will pre-populate expense reports with trip and invoice data saving travelers time, increasing accuracy and creating reliable spend insights for finance teams.

“We believe that the connection between the Mobilexpense platform and BCD Travel’s invoice API will allow us to improve the traveler experience by automating their travel expense process, regardless of how the booking took place,” said Thibaud De Keyzer, CEO of Mobilexpense. “It further enables us to provide an accurate, real-time calculation of the total trip cost for an improved expense reconciliation and settlement process.”

News Editor - TravelDailyNews Media Network | + Posts

Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.

She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.

14/06/2024
13/06/2024
12/06/2024
11/06/2024
10/06/2024