SAN DIEGO, Aug. 5, 2013 /PRNewswire/ -- SAP NEWSBYTE -- SAP AG (NYSE: SAP) today announced that the SAP® Cloud for Travel solution, designed to effortlessly manage travel and expenses, is offering additional convenience for business travelers with new open booking capabilities enabled by integration with Traxo, a web based travel management provider, as well as out-of-the-box support for 20 countries. With these updates, in addition to recently added analytic and mobile capabilities, SAP Cloud for Travel is designed to allow financial officers and business travelers to handle the end-to-end process of travel and expense management faster and with lower cost while staying in compliance with corporate policies. The announcement was made at GBTA 2013, being held August 4-7 in San Diego, where SAP is onsite at booth #2737.
"SAP Cloud for Travel is a fully integrated solution that helps us eliminate excessive administrative work and reduces travel expenses," said Tony Velleca, chief information officer, UST Global. "We've already witnessed tangible business ROI since our implementation of SAP Cloud for Travel, and now with open booking, we are looking forward to retaining visibility of travelers' behavior while providing flexibility for arranging trips."
Through integration with Traxo, SAP Cloud for Travel provides business travelers with the choice to manage booking their way while still giving companies the visibility and control neededto help ensure compliance. When travel transactions happen outside a corporate travel system, it is difficult for financial teams to match up expense reports and credit card data. In partnership with Traxo, SAP Cloud for Travel now aggregates travel data from all relevant channels and seamlessly and securely sends this information back into a company's financial and travel system. Traxo also captures reservations of flights and hotels that are booked anywhere online. It then combines the reservations into digital itineraries available on SAP Cloud for Travel. To learn more about the integration of SAP Cloud for Travel and Traxo watch a video: " Manage Your Itineraries with SAP Cloud for Travel and Traxo.""In partnership with SAP, Traxo offers a rescue tool that helps eliminate travel chaos and produce a smooth, easy outcome for employees and employers alike," said Andres Fabris, CEO and founder of Traxo. "With open booking from SAP Cloud for Travel and Traxo, employees are empowered with greater freedom, choice and flexibility. Employers enhance their visibility into the critical travel information they need to run their business — everyone benefits." Global capabilities of SAP Cloud for Travel are expanding with out-of-the-box support for 20 countries and integration with leading online booking tools, which help customers configure the solution to fit their company's travel policy and ensure compliance. The 20 countries currently supported by the solution include: Australia, Austria, Belgium, Brazil, Canada, China, Denmark, France, Germany, India, Ireland, Italy, Mexico, Netherlands, New Zealand, Spain, Sweden, Switzerland, UK and U.S. To learn more about SAP Cloud for Travel, visit the SAP Cloud for Travel demo center. For more information, visit the SAP Newsroom. Follow SAP on Twitter at @sapnews and @SAPCloudTravel. Media Contacts: Andrea Meyer, SAP, +1 (415) 370-7329, email@example.com, PDTRachel Leamon, Burson Marsteller, +1 (617) 912-5411, firstname.lastname@example.org, EDT SOURCE SAP AG
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV