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Expense Industry Updates for January 2015

By on February 9, 2015 in General with 0 Comments

During the month of January, the expense business saw a tremendous amount of activity. This is hardly surprising, given that January is typically a busy month for this industry. Whether it is a corporate financial officer or controller implementing new corporate policies, expense suppliers announcing new features, or new tax laws going into effect, there is often a lot going on. Below are just a few of the happenings from the expense industry this past month.

Expense News

Ariett, a provider of Enterprise Cloud Purchase and Expense Software, recently announced that it is integrating with the Intacct Marketplace. http://www.reuters.com/article/2015/01/14/idUSnMKWGbwZ1a+1e4+MKW20150114

Certify released its fourth quarter report on business expense trends. This report tracks spending across a variety of categories, highlighting top vendors, and shows that travelers prefer Alaska Air and Embassy Suites.

Chrome River
Chrome River announced that it is continuing its international expansion with International Air Transport Association, which has chosen Chrome River Expense to be its global expense management solution.

Trippeo, offering fast and easy use, is the newest expense vendor to enter the scene, recently announcing the official launch of its new travel and expense management software platform.

Nexonia Inc., which offers Web and mobile expense reports, was nominated for the Software & Information Industry Association’s annual CODiE Awards.

An announcement was recently made indicating that BMO Financial Group will be partnering with Hogg Robinson Group in order to provide clients with technology via the Spendvision platform.

Telecom Expense Management
Marlin Equity Partners, a global investment firm, recently announced that it has acquired Asentinel, a top provider of Telecom Expense Management software.

Travel News

In travel news, Expedia Inc. announced that it had acquired the online travel agency Travelocity in a $280 million cash deal, thus furthering consolidation within the online booking industry.

Global Business Travel Association
According to the Global Business Travel Association, U.S. business travel spending totaled $292.2 billion in 2014, and projections for 2015 remain strong.

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