Perk, a Boston-based company providing corporate travel and expense technology, announced the launch of Perk Spend in North America. The solution combines travel and spend into a single intelligent platform.
Perk Spend is designed to eliminate manual “shadow work” for finance teams that manage expense reporting following employee business trips. Rather than teams having to connect disparate transactions to past trips, Perk Spend connects directly with Perk Travel and Events. This integration allows companies to book business travel, pay with corporate cards, manage expenses and reimbursements and view travel and spend across the business in one place.
The product launch follows the success of Perk Spend among Perk’s customer base in Europe, where its combined Travel and Spend offering accounts for 40 percent of its new deals. It also comes during an increase in domestic U.S. travel and the growth of Perk’s U.S. business. Its stateside customers spend more than $1 billion a year on travel and events through Perk’s platform, and the U.S. market makes up 30 percent of its new business globally.
