Question 1

What is travel and spend management?

Accepted Answer

Travel and spend management is the process of booking and managing work travel and of submitting, verifying and processing the costs associated with those business trips.

Question 2

How do we maintain compliance with our travel and expense policies?

Accepted Answer

Employees can easily see which travel options are in policy thanks to automated approval processes designed to ensure that only trips within budget can be booked. You can also restrict company cards by spend value or type of spend per employee, plus any out-of-policy spend like alcohol, for example. If receipts are not submitted for expense claims, you can block corporate cards to prevent further spend until the missing documents are provided. Once received, the card can be automatically unblocked.

Question 3

Can we set up different policies or travel rules for different employees?

Accepted Answer

Yes, Perk has highly configurable policy settings designed to support your business needs.

Question 4

How does Perk boost our operational efficiency?

Accepted Answer

We help you streamline travel and spend by curating travel options, automating processes, and offering actionable reporting that leverages AI to validate employee expenses and supplier invoices. Approval routing is ensured with auto prompts, out-of-policy flags and invoice non-compliance alerts.

Question 5

Can Artificial Intelligence (AI) support our finance teams?

Accepted Answer

Our customers already see the benefits of AI in their finance departments. For example, Perk’s AI can understand the context of information on an invoice or receipt so you can skip building templates. It can identify and extract information at a line-item level in invoices, removing the need to manually check and code each line. And it can filter out invoices from all the supporting documents which may come with them in an email.

Question 6

How is our customers’ data protected?

Accepted Answer

We comply with the strongest data protection standards by using modern data encryption standards for stored data and data in transit as well as adhering to local regulations such as GDPR, and the Swiss Data Protection Act plus regular audits including for ISO 27001, ISO 9001 and PCI-DSS.

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Questions?

What is travel and spend management?

How do we maintain compliance with our travel and expense policies?

Can we set up different policies or travel rules for different employees?

How does Perk boost our operational efficiency?

Can Artificial Intelligence (AI) support our finance teams?

How is our customers’ data protected?

G2 ranks Perk as one of the top travel management SaaS on the market

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