Clarasight Launches Supplier Intelligence Tool Combining Travel, Card and Expense Data
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Consolidating travel, card and expense data into negotiation intelligence could reduce information asymmetry between travel buyers and suppliers, affecting corporate travel program leverage and supplier performance management.
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- Business Travel NewsClarasight Launches Supplier Intelligence Tool Combining Travel, Card and Expense Data
AI data platform Clarasight launched Supplier Intelligence, a tool aimed at helping travel buyers improve negotiations and performance with suppliers. The capability pulls together a company's travel, card and expense data to give a full spending picture, showing where buyers have leverage, where supplier performance can be improved and what they are paying across comparable trips. For example, buyers can see whether they are paying a preferred carrier more than a competing carrier at a route or cabin level, where programs provide meaningful marketshare to a supplier, and which bookings are materially more expensive than expected on a given route. The company said this offers an alternative…