London, October 01, 2024 – We are excited to announce a strategic partnership between Travel Ledger and Traverse Automation, two leading technology companies driving innovation in the travel industry. This collaboration is designed to automate and streamline supplier payment processes for travel companies, particularly those whose systems are not yet fully integrated with Travel Ledger. By combining Traverse Automation’s cutting-edge technology with Travel Ledger’s industry-leading B2B billing and settlement platform, the partnership will significantly boost operational efficiency, reduce manual tasks, and ensure smoother financial operations.

This collaboration will enable travel companies to process faster, more accurate transactions, freeing up valuable time and resources to focus on business growth and enhancing customer service.

Automating Billing and Settlement for Greater Efficiency

At its core, Travel Ledger automates the billing and settlement processes between travel companies and their partners, offering a secure and efficient way to manage payments and reconciliations. The platform simplifies complex financial interactions, ensuring transparency and accuracy across transactions.

However, to fully harness the benefits of this automation, it’s crucial for Travel Ledger’s data to be seamlessly integrated into a travel company’s back-office systems. That’s where Traverse Automation provides the solution.

End-to-End Integration of Financial Data with Automated Workflows

Traverse Automation’s technology allows travel companies to seamlessly integrate Travel Ledger’s billing and settlement data into their back-office systems, automatically processing information without manual intervention. This enables easy matching of invoices, real-time discrepancy detection, and instant reconciliation of accounts.

Additionally, Traverse Automation supports the automation of payment processes for suppliers not yet connected to Travel Ledger, ensuring a touchless workflow that eliminates human error and accelerates payment cycles from invoicing to final settlement.

By removing the need for manual data entry, reducing errors, and speeding up financial workflows, this partnership allows travel companies to focus on strategic growth instead of time-consuming administrative tasks.

Leadership Insights

Joe Sadler, CRO at Traverse Automation, shared, "We have been speaking with Roberto and the team for a while about providing the ultimate solution for a travel business accounts team to reduce repetitive tasks, from invoice matching and reconciliation to now, thanks to the partnership, automating the payment process. We are excited to introduce this to our current and prospective clients."

Roberto Da Re, CEO of Travel Ledger, added, "Travel Ledger automates billing and settlement between travel companies, but integrating this data into back-office systems is essential. Traverse offers a solution that seamlessly moves Travel Ledger data into and out of these systems, while integrating data from other sources. This eliminates manual processes, enhances back-office reconciliation, and automates funds allocation, driving greater efficiency and accuracy for travel companies."

Looking Ahead

This partnership marks a major step forward in modernising financial operations for the travel industry. By combining Travel Ledger’s expertise in B2B billing and settlement with Traverse Automation’s automation and systems integration, the two companies are setting a new standard for efficiency and innovation. Travel companies embracing this integrated solution will not only streamline their financial processes but also gain a competitive edge in the market.