BCD Travel streamlines spend management process with enriched collection of invoice data
As part of its ongoing commitment to the digital transformation of corporate travel and expense, travel management company BCD Travel today announced the availability of a structured set of invoice data that will streamline the spend management process for customers.
The robust data set, delivered by BCD’s Invoice API, combines trip information with the financial details of the ticket transaction, fare and tax breakdown, ticket status, and even the status of each individual coupon within the ticket. Later this year, the data collection will also include receipt images for BCD and non-BCD invoices.
BCD continues to invest heavily in the infrastructure, processes and programming of multi-source data to connect its platforms and systems, drive operational efficiencies and provide actionable insights. BCD is leveraging the Invoice API for its proprietary BCD Pay spend management platform and for making it available to customers and partners to drive automation and efficiencies through external travel and expense solutions.
“We make this enriched data available to our customers and technology partners in near real-time through open APIs to solve a variety of use cases for travelers, travel managers and finance teams,” said Yannis Karmis, senior vice president of Product Planning and Development at BCD Travel. “Our invoice collection is an example of a targeted data set that, in this case, helps us collectively mitigate some of the challenges of T&E spend management for customers.”
Mobilexpense is the first BCD partner to develop against this advanced collection of invoice data for the purpose of simplifying and expediting the expense process for BCD travelers. They will pre-populate expense reports with trip and invoice data saving travelers time, increasing accuracy and creating reliable spend insights for finance teams.
“We believe that the connection between the Mobilexpense platform and BCD Travel’s invoice API will allow us to improve the traveler experience by automating their travel expense process, regardless of how the booking took place,” said Thibaud De Keyzer, CEO of Mobilexpense. “It further enables us to provide an accurate, real-time calculation of the total trip cost for an improved expense reconciliation and settlement process.”
The Invoice API is available to customers and developer partners through the BCD Developer Hub: https://developer.bcdtravel.com/.
About BCD Travel
BCD Travel helps companies make the most of what they spend on travel. We give travelers innovative tools that keep them safe and productive and help them make good choices on the road. We partner with travel and procurement leaders to simplify the complexities of business travel, drive savings and satisfaction, and move whole companies toward their goals. In short, we help our clients travel smart and achieve more. We make this happen in 106 countries with a global client retention rate of 97%, the highest in the industry. For more information, visit www.bcdtravel.com.
About BCD Group
BCD Group is a market leader in the travel industry. The privately owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management and its subsidiary BCD Meetings & Events, global meetings and events agency) and Park ‘N Fly (off-airport parking). For more information, visit www.bcdgroup.com.