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Travel management company Navan has unveiled new technology linking its expense management tools to Mastercard and Visa corporate cards.
The company, formerly known as TripActions until its recent rebrand, has launched Navan Connect – a new platform allowing users of Navan Expense to add tools such as smart policy controls and auto-itemisation to their current corporate cards.
Expenses can be checked against policy, categorised and reconciled as soon as an enrolled corporate card is swiped, according to a statement by Navan.
“It’s a big step forward for finance leaders, who want to keep their employees happy with a modern solution but without the disruption caused by changing corporate card providers,” said Michael Sindicich, Navan Expense EVP and general manager.
Navan added that the capability means companies can choose to issue cards to more employees due to the extra controls which apply corporate policy at the time the card is swiped.
Companies can monitor expenses and look for savings opportunities in a dashboard that shows pending and cleared transactions.
Veronica Fernandez, Visa’s SVP and North America head of business solutions, said: “As a financial services leader working to remove barriers and connect more people to the global economy, Visa has long understood the value of the Navan Expense experience – which offers the kind of proactive controls that enables companies to give every employee a card.”
Companies can also maintain their banking relationships and any existing loyalty rewards or rebates associated with the corporate cards.
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