We are happy to announce that Traxo is GDPR compliant. This has been a lengthy, company-wide process of detailed reviews of all services and business operations, how they function, as well as assessing our critical partners involved with delivering our services.
The Traxo team was in New York City last week for the annual ACTE Global Summit and enjoyed the opportunity to connect with hundreds of corporate travel managers and buyers. Our booth at InterACTE was busy nonstop! Thanks to all who stopped by to say hello -- we hope we helped shed some light on the challenges of managing your off-channel "leakage" spend, and how Traxo can alleviate this headache. If you missed us at the booth, we'd still love to hear from you!
If we learned one thing from our numerous conversations, it's that leakage is a common problem for all corporate travel programs -- regardless of spend level, employee base, geography, mandate, or any of the travel management tools used.
Traxo CEO Andres Fabris recently joined the April 6, 2018, BTN "Solving Hotel Attachment" webinar with Steve Reynolds from TRIPBAM and Cathy Sharpe from ITW. The panel shared how large enterprises like ITW are working with Traxo to capture the complete view of their corporate travel activity and leveraging TRIPBAM to deliver significant savings on their hotel spend.
“Out Of Program”
No matter what you call it, when employees book their travel anywhere except their travel management company, it’s a blindspot.
Guest post from Traxo client Chrome River, a leader in modern expense reporting solutions
by Julie Roy
Generating sales can be a complex and sometimes expensive endeavor, with solution demos, RFPs, and on-site presentations and foll
ow-up meetings all forming part of the process. Even after the initial sale, account managers need to ensure that customers remain happy with the relationship and, where possible, upsell new products and services.
Guest post from Traxo client AirHelp, the leader in air passenger rights
by Paul French
Detailed hotel folio data provides better insight for lodging expense
Traxo FOLIO provides a first-of-its-kind solution for extracting fully itemized spend detail from a hotel receipt upon checkout, enabling more granular visibility into T&E spend for more proactive expense management. Whereas card data typically only reports what was spent at the aggregate merchant level — think “$800 at Hotel XYZ” — Traxo FOLIO automatically breaks down that $800 into 22 categories across multiple languages, covering things like meals, parking, wifi charges, room rate, taxes, and more.
In a perfect world, data management for Duty of Care would be an afterthought.
Companies would deploy top-notch corporate travel booking tools with the best rates and amenities procured by their travel management companies (TMCs). These services would be so fabulous and user-friendly that employees would use them religiously. And with 100% employee compliance, all that spend and itinerary data would flow seamlessly to the company’s risk management team and service providers. Risk alerts, employee location updates, and support requests based on this fully integrated booking data would happen automatically, in real time. Corporate travel managers could rest easy with the confidence that their fully integrated, dynamically automated managed travel program essentially runs itself, worry-free.
Series B, New Products, New Partners
I hope your 2017 is going well; for the Traxo team 2017 has gotten off to an amazing, rocket-fueled start!
We finished 2016 on a high note, announcing the close of our $5.2M Series B round, let by new investor TripAdvisor and joined by existing investors Thayer Ventures, Advantage Capital Partners, and Silver Creek Ventures, and welcoming new investor Aristos Ventures. These funds will be used to accelerate our technology initiatives, and expand our sales and marketing footprint. More to come on those fronts soon, so stay tuned!