Perk Brings Spend Platform to the US Market
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Integrating travel and spend management is a key trend in the TMC and expense management space; Perk's replication of its Europe-validated combined offering in the US could intensify competition in the US corporate travel and expense market and influence finance teams' process choices.
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- Perk Press ReleasesPerk Brings Spend Platform to the US Market
Perk (formerly TravelPerk) announced the expansion of its Spend platform into the United States, a region that already accounts for 30% of the group's new business globally. Perk says its US customers already spend over $1 billion a year on work travel and team events, and Perk Spend is built natively alongside its Travel and Events modules. Features include Bring Your Own Corporate Card (BYOC), direct reimbursement, global customizable per-diems, native integrations with ERPs including NetSuite, Microsoft Dynamics, QuickBooks and SAP S4, and a forthcoming Perk Card. Perk cites research finding 1 in 4 US companies have no formal spend tool and nearly a third of workers still submit expenses…