Emburse optimizes travel and expense analytics to help organizations spend smarter
AI dashboards analyze all travel spending in context of supplier agreements and peer benchmarking
Emburse announced today the launch of Emburse Travel Analytics, a solution designed to help finance leaders and travel managers optimize their spend, enforce compliance and gain insights that will drive better decision-making. The first release includes a series of AI-powered dashboards that go beyond visibility–empowering teams to understand not just how money is spent, but whether it’s spent effectively.
Emburse Travel Analytics can help uncover hidden savings, improve supplier rates, align policies, and analyze behaviour patterns which affect compliance and cost. These new tools are part Emburse’s broader mission of transforming finance into a competitive advantage. They enable teams to be in the forefront with intelligent automation and actionable insights.
Paul Nagy is the Chief Product Officer of Emburse. He said, “It has long been a holy grail to finance departments that they can spot inefficiencies and act quickly. With complex data coming in from fragmented source, most solutions provide an incomplete picture. Emburse Travel Analytics surfaces metrics that are important, making it easier to make strategic business decisions.
Driving strategic value through Insight
Built on one of the industry’s most robust datasets–encompassing more than $100 billion in expenses and $200 million in receipts and folios–Emburse Travel Analytics provides full visibility across in-channel bookings, out-of-channel spend, and negotiated supplier rates. The result is a data-rich, unified platform that allows for intelligent policy refinement.
Emburse Travel Analytics integrates data from disparate travel and expense sources to provide a unified view. This allows teams to:
Discover New Savings Opportunities
- Total spend including direct bookings as well as TMC-managed Travel
- Quantify recoverable costs and identify overspending in comparison to negotiated rates
Understanding Who drives Spend
- Identify the top spenders in a department or by an individual
- You can also target policy changes or personalised coaching.
Increase compliance and TMC value
- Track bookings for hotels by channel, vendor, and location
- Discover rate discrepancies, and determine whether the leakage is due to user behaviour or program gap.
Benchmarking Spend Against Peers
- Compare hotel rates in different cities, brands and markets
- Get contextually relevant insights to support smarter vendor and strategic negotiation decisions
Paul Nagy is Chief Product Officer of Emburse. “Getting full transparency into travel spending–especially when so many bookings happen outside traditional channels- has become a crucial challenge,” he said. With these dashboards organizations can finally connect behaviour, policy and outcomes.
AI-Powered Precision from Receipt To Report
Any analytics tool’s effectiveness is dependent on the quality and quantity of data it uses. Emburse Travel Analytics utilizes AI to structure and normalize complex travel and expense information. This ensures that the data is consistently categorized and merged and is ready for meaningful analyses. Vendor-normalization fixes naming discrepancies while category-normalization standardizes spending types.
The improved data quality will give finance and travel teams confidence to make decisions based on comprehensive, accurate insights.
The new AI dashboards in Emburse Travel Analytics will be available by the end of this summer. The platform will continue to launch additional dashboards throughout the year. This will further strengthen its ability to streamline processes and eliminate friction.
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