The expanded offering delivers a project tracking dashboard, an office geo-location dashboard and automated renewal of dynamic discounts
Hamburg, Germany (16 November 2023) — TRIPBAM, a division of Emburse, has announced new features of its Smart Sourcing offering at the Global Business Travel Association + VDR Europe Conference. The updated capabilities include a project tracking dashboard, an office geo-location dashboard and automated renewal of dynamic discounts.
TRIPBAM Smart Sourcing, launched in late 2019, ensures a more efficient hotel RFP process by reducing manual work for corporate travel buyers and hoteliers.
“Smart Sourcing was born out of the desire to simplify the hotel sourcing process for buyers and hoteliers,” said TRIPBAM EVP of Hotel Solutions David Mollov. “With these three new updates, we’re once more automating activities that up to now could only be handled manually by travel buyers.”
The Project Tracker dashboard gives companies that rely heavily on project-based travel, such as professional services, a way to easily source negotiated rates and discounts with properties in a specific area for a set time period. Typically, this activity is either overseen by a special project desk, so travel buyers lose the ability to track it, or travelers book whatever rate is available within the program, which leads to overspending. Project Tracker delivers greater savings, visibility and efficiency for companies that rely on project travel.
The Office Geo-Location dashboard addresses the pain point of rapidly expanding companies that frequently need to source corporate rates at hotels near new office locations. Buyers simply provide TRIPBAM with geographic coordinates for their offices. They then receive a streamlined report detailing nearby properties already within their program and properties where they should source a new corporate discount.
Automated Renewal of Dynamic Discounts eliminates the need for buyers to go back to hotel partners to extend a dynamic discount for the following year. At the click of a button, the renewal is done for them, saving time for buyers and suppliers.
The product updates are now in pilot with select customers and will be made available to clients by the end of the first quarter of 2024.
TRIPBAM Smart Sourcing tripled its customer base this year and expects a similar trend in 2024 as more buyers adopt the offering as an alternative to traditional sourcing and RFP methods. With direct input from leading global chains and major corporate clients over the past four years, TRIPBAM has made sending and receiving bids seamless for everyone at the negotiating table.
News of the Smart Sourcing updates comes just a month after TRIPBAM’s parent company Emburse launched Emburse Go, a mobile travel companion that integrates TRIPBAM reshopping offers directly into a traveler-facing app. Emburse Go was voted the People’s Choice winner by buyers at the BTN Group’s Innovate event in New York City last month.
TRIPBAM, a division of Emburse, is the leading travel technology provider for reducing hotel costs and optimizing hotel programmes. TRIPBAM’s advanced analytics, benchmarking, and contract auditing capabilities empower companies to save on travel spend without compromising on corporate culture. More than 2,000 companies across the globe trust TRIPBAM’s technology to stay on top of supplier agreements, boost compliance, negotiate new contracts, and save both time and money. For more information, visit www.tripbam.com.