Post-COVID business travel is making a strong comeback, says Kukreja
ITILITE, leading Enterprise SaaS based travel and expense manager platform with offices in Bangalore and Delaware, has formed a partnership with US-based payments solutions company, Zact.
With this unified offering, organizations can now seamlessly issue payment cards, make travel bookings and manage employee expense reporting, all from an integrated platform. Together, the two innovative companies will create the first fully interoperable travel booking and spend management experience.
ITILITE CEO Mayank Kukreja called this partnership a game-changer for the space and underlined, “As the world moves back towards normalcy, business travel is making a strong comeback. With Zact’s seamless payment platform, we now offer one of the quickest ways to get back on the road safely with a new level of ease.”
“The Zact platform with its rich application and APIs is ideally suited to complement ITILITE’s comprehensive travel booking functionality and inventory,” Zact CEO John Thomas added.
In addition to bringing in a powerful platform, ITILITE also offers an unmatched travel inventory, 24×7 support and best-in-class analytics to its users.
Zact’s payments platform, with its suite of both proprietary and 3rd party applications, provides this interoperability natively.
ITILITE is an all-in-one platform to manage business travel and expense reimbursements. ITILITE powers 500,000+ users globally across small businesses to Unicorns and Fortune 500 companies. Through its unique savings led employee incentives, it helps companies reduce their Travel and Expense spend by up to 30% in a way employees love. Customers use ITILITE’s powerful compliance along with the free 24/7 call, chat and email support to increase finance productivity and to keep their employees safe and happy.
Zact is an intelligent payment platform, that allows for decentralized employee-level purchases, governed by centralized policy-based budget approvals. Architected exclusively to integrate payment networks and spend management in one solution, Zact effectively rejects out-of-policy expenses before the spend occurs-delivering unprecedented management of spend. By integrating payments and expenses at a transaction level, Zact automates expense reporting, continuously reconciles expenses and payments, and provides visibility of expenses in accounting systems without delays. #banking #fintech #investment #technology /fiinews.com
