TRIPBAM introduces enhanced smart sourcing at GBTA + VDR Europe conference

Thursday, November 16, 2023

TRIPBAM, an Emburse division, revealed game-changing enhancements to its Smart Sourcing service at the Global Business Travel Association + VDR Europe Conference. The most recent additions include a project monitoring dashboard, an office geo-location dashboard, and automated renewal of dynamic discounts, further easing the hotel Request for Proposal (RFP) process.

TRIPBAM Smart Sourcing, which debuted in late 2019, is intended to improve efficiency by reducing manual duties for corporate travel buyers and hotels. According to David Mollov, EVP of Hotel Solutions at TRIPBAM, “Smart Sourcing was born out of the desire to simplify the hotel sourcing process for buyers and hoteliers.” With these three new upgrades, we are once again automating actions that could previously only be performed manually by travel buyers.”

The Project Tracker dashboard is a solution for businesses that rely on project-based travel, delivering a streamlined approach for locating negotiated prices and savings for certain places and time periods. This offers increased savings, visibility, and efficiency, addressing the issues encountered by professional services firms.

The Office Geo-Location dashboard meets the needs of quickly expanding businesses by making it easier to get corporate rates at hotels near new office sites. Buyers can supply TRIPBAM with the geographic coordinates for their workplaces and receive a complete report identifying neighboring properties under their program as well as recommendations for new corporate discounts.

Automated Renewal of Dynamic Discounts eliminates the need for buyers to manually prolong dynamic discounts with hotel partners for the following year, saving time for both buyers and suppliers.

Currently, in a test with select customers, the product upgrades are planned to be accessible to all clients by the end of the first quarter of 2024.

This year, TRIPBAM Smart Sourcing’s customer base tripled, with a sustained growth trend expected in 2024 as more buyers embrace the solution as an alternative to traditional sourcing and RFP techniques. TRIPBAM intends to make bid processes more easy for everyone involved, with feedback from top global chains and significant corporate clients.

This announcement follows the recent introduction of Emburse Go, a mobile travel companion that integrates TRIPBAM shopping offers directly into a traveler-facing app and won the People’s Choice award at the BTN Group’s Innovate event in New York City last month.

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