Rocketrip Integrates With Concur To Save Businesses Big Money On Travel Expenses

SAN FRANCISCO, Dec. 5, 2014 /PRNewswire/ -- Rocketrip announced an exciting new partnership with Concur today that will make it easier than ever for employees to make thrifty spending choices as they travel. With this integration, Rocketrip will automatically push all relevant expense data to Concur, eliminating the redundancy of submitting receipts to both systems.

"We're thrilled to announce this partnership with Concur in an effort to create a seamless user experience for the road warrior," Rocketrip's CEO Dan Ruch said. "Together we're reducing business travelers' administrative burdens so they can focus on the real work at hand -- all while making smart, cost-effective spending choices." 

Rocketrip's innovative platform reduces corporate travel spending by creating smart, customized budgets for employees and rewarding them for saving. The budgets are generated using real-time market pricing data for flights, hotels, car rentals, and more, filtered through company travel policy. Employees receive their budget and its cost-saving recommendations -- such as staying with friends or taking a connecting flight -- and book with their favorite provider or through their company's travel agency. They then forward all relevant receipts to Rocketrip, which calculates reward points based on the difference between the budget and actual spend. Points are redeemable for future travel vouchers, cash, or gift cards from over 20 different vendors including Amazon, Best Buy and Bloomingdale's.

This integration with Concur means that all receipts will flow directly into Concur during expense submission, creating a seamless experience for Concur clients striving to reduce travel costs. Rocketrip is now available in the Concur App Center, which offers streamlined integration with Concur Travel, Expense, and Invoice products across a range of categories, including finance, regulatory complained, enterprise identity, traveler productivity, travel management, and more.

Concur works with over 20,000 clients and 25 million users, processing over $50 billion in T&E spend a year -- equal to around 10% of the global total. The company is built on the principle of using innovation to help businesses lower their T&E costs, as is Rocketrip. With $1.2 trillion being spent on corporate travel a year, the need to reduce costs has never been stronger.

Fortunately, making small adjustments to travel habits can have a big impact on overall T&E spend. With this integration, Concur clients will be able to reduce their costs by 30% or more in a way that is convenient, effective, and rewarding. Employees are motivated to beat their budget because they get a share of the savings -- it's a win-win for everybody.

About Rocketrip:

Rocketrip is a Cannan Partners, Genacast Ventures and Y Combinator backed company that enlists employees as engaged partners in managing corporate travel costs. Rocketrip's software combines real-time travel market pricing, company travel policy, and a suite of sophisticated, patented algorithms to set customized budgets and predict what a trip should cost. By rewarding employees for beating their personalized budget, Rocketrip empowers and encourages employees to make cost- and time-sensitive travel choices.

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SOURCE Rocketrip

Related Links

http://www.rocketrip.com