Organising and coordinating business trips (especially for bigger companies) can be a major pain point. Without proper tracking and support, corporate travel quickly gets expensive for companies, as employees generally tend to spend more money if they are not paying for travel themselves. TripActions is a California-based startup, that acts as a platform between accounting departments and business travellers to ease the process of booking and managing company trips.
In a day and age when travel opportunities are a major incentive for younger workers, companies cannot afford to rely on dated management systems. That idea gave birth to TripActions, founded by Ariel Cohen and Ilan Twig back in 2015. Their goal was to create a travel management platform that works in the best interest of both companies and employees, by accurate tracking of travel spending and ease of use.
How it works
On the surface, TripActions offers a familiar travel booking platform, offering employees the chance to book all of their options through desktop of via a mobile app. Users can schedule, modify and manage their business travel itineraries and communicate with customer support agents as they normally would.
TripActions identifies the best value deals for flights and hotels, while it also rewards prudent employees with Amazon gift cards and personal vacation credits. They have partnered with many services in the travel industry to provide a wide array of amenities for business travellers, ensuring that every penny spent is accounted for.
The technology behind TripActions
The real innovation behind TripActions lies “under the hood:” Their platform uses AI and machine learning technologies to provide options according to the company’s travel policies and budget. In the same time, it tailors each itinerary based on the personal preferences and travel patterns of each employee. Through the admin dashboard, HR departments and employees can communicate from any place in the world in case of emergency.
Thoughts on the benefits of TripActions
TripActions tackles an important point of friction between companies and employees, as it provides an all-in-one solution for both. Management doesn’t have to micromanage every little expense, and travellers enjoy access to a wealth of exclusive amenities at a discounted price. That makes travel a smoother process, while saving an average of 34% on corporate expenses for businesses.
“It’s about time that employees really feel great while they are booking their trip, while they are on the go and while they are doing their expenses at the end,” said Ariel Cohen on an interview with TechCrunch. As part of the travel industry, here at Stasher we are always excited to see new solutions that enable business travellers to have a better experience. Have you/ your company ever used TripActions for corporate trips? Let us know about your experience in the comment section!