Traverse Automation and Travel Ledger Announce Partnership to Streamline B2B Payment Processes for Travel Companies
We are excited to announce a new partnership between Traverse Automation and Travel Ledger, two leading technology companies driving innovation in the travel industry. This collaboration is designed to automate and streamline supplier payment processes for travel companies, particularly focusing on travel companies with systems who are not yet integrated with Travel Ledger. By combining Traverse Automation's state of the art automation technology with Travel Ledger's comprehensive platform, the partnership will significantly enhance operational efficiency, reduce manual workloads, and ensure smoother financial operations. This integration will result in faster, more accurate transactions, ultimately freeing up valuable time and resources for travel companies.
Travel Ledger’s platform automates the complex processes of billing and settlement between travel companies, offering a secure and efficient way to handle payments and reconciliations. However, to maximise the benefits of this automation, integrating Travel Ledger's data into back-office systems is crucial.
This is where Traverse Automation steps in. Traverse Automation’s technology seamlessly integrates with Travel Ledger, automatically pulling billing and settlement data from Travel Ledger into the travel company’s back-office systems. This integration enables companies to automate the matching of invoices with transactions, spot discrepancies, and reconcile accounts in real time. Furthermore, Traverse Automation facilitates the automation of the entire payment process for suppliers not yet on Travel Ledger, ensuring that all financial activities, from invoicing to final payment are handled without manual intervention.
Together, these technologies eliminate the need for manual data entry, reduce the risk of errors, and accelerate the reconciliation and payment processes. The result is a more streamlined, accurate, and efficient financial operation for travel companies, allowing them to focus more on strategic growth rather than time consuming administrative tasks.
Joe Sadler, CRO, commented on the partnership: "We have been speaking with Roberto and the team for a while about providing the ultimate solution for a travel business accounts team to reduce repetitive tasks, from invoice matching and reconciliation to now, thanks to the partnership, automating the payment process. We are excited to introduce this to our current and prospective clients."
Roberto Da Re added: “Travel Ledger automates billing and settlement between travel companies, but integrating this data into back-office systems is essential. Traverse offers a solution that seamlessly moves Travel Ledger data into and out of these systems, while integrating data from other sources. This eliminates manual processes, enhances back-office reconciliation, and automates funds allocation, driving greater efficiency and accuracy for travel companies.”
