Corporate travel payments just got a whole lot easier for road warriors and finance teams thanks to TripActions
This story is part of a sponsorship paid for by TripActions — one way that TPG continues to provide our readers with free news and advice about travel.
Sick of floating work travel via your personal bank account? TripActions, a corporate travel-management platform, just launched a new travel payments solution, TripActions Liquid, that just may be the answer to employee frustrations with paying for work travel. And it looks to relieve a lot of the headaches for their companies, as well. In the same way that TripActions reinvented corporate travel management, they're at it again revolutionizing the next biggest pain point in business travel: payments.
Sign up for the free daily TPG newsletter for more travel news!
Launched this week, TripActions Liquid enables finance teams to get better visibility and control into work travel spend by their employees while dramatically minimizing time wasted on back-end reconciliation of that spend.
So how does it work? TripActions Liquid is a modern corporate travel-payments solution that allows employees and employers to manage business-travel payments in real time. It includes a virtual corporate card that employees can use inside the TripActions corporate travel-management platform to book flights, hotels, trains and rental cars. It also includes a physical corporate card that employees can use for flight ancillaries (think checked bags, Wi-Fi, inflight food, etc.), ride shares, meals, and other spend while on a work trip.
Finance teams love it because they can set the cards to work only when employees are booking trips and when they are actually traveling for work. That's all thanks to the seamless integration with the TripActions booking platform. As a result, TripActions Liquid knows when employees are traveling and can be set to automatically light up on the dates of work travel. Plus, finance can set the cards to only work for certain travel-related purchases so employees can't use the card, for example, at a liquor store.
Finance teams can see and approve the spending in real time, helping to eliminate traveler angst and frustration about whether something is in or out of policy. And the approval process is driven by company policy and AI (artificial intelligence) in partnership with AppZen to ease the burden on finance teams while giving them greater control. Plus organizations get a competitive rebate on spend using TripActions Liquid.
TripActions is already receiving praise from large public and private companies using the revolutionary new travel payments solution, including Zoom, Lyft, letgo and Toast.
"Everyone who touches accounting knows that travel payment reconciliation is an issue, but it was always one of those 'necessary evils' you had to deal with," said Vik Shah, corporate controller at Zoom, a TripActions customer. "I wasn't surprised when TripActions came to me with a solution. What impressed me though, was how effective it is. TripActions Liquid is a major time saver -- we've been able to reduce travel payment reconciliation time from weeks to minutes each month."
Here at The Points Guy, we're fans of anything that makes the traveler experience better. If your company is already using TripActions, ask your CFO about TripActions Liquid. If your company isn't using TripActions yet, ask your CFO about it and TripActions Liquid.
TPG featured card
at American Express's secure site
Terms & restrictions apply. See rates & fees.
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 5X | New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App. |
| 3X | Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines. |
| 2X | Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Pros
- Valuable dining and food-related credits
- Flexible rewards with airline and hotel transfer partners
- Multiple travel and purchase protections
- No foreign transaction fees
- Access to Amex Offers for additional savings (enrollment required)
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App.
- Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines.
- Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- Pay It® lets you tap in the American Express® App to quickly pay for small purchase amounts throughout the month and still earn rewards the way you usually do. Plan It® gives you the option to split up big purchases into equal monthly payments with a fixed fee. You’ll know upfront exactly how much you’ll pay.
- Updated! $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub (including Seamless), Buffalo Wild Wings, Five Guys, The Cheesecake Factory, and Wonder. This can be an annual savings of up to $120. Enrollment required.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year at over 10,000 qualifying U.S. Resy restaurants after you pay for eligible purchases with the American Express® Gold Card. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $84 Dunkin' Credit: Earn up to $7 in monthly statement credits after you pay with the American Express® Gold Card at U.S. Dunkin’ locations. Enrollment required.
- $120 Uber Cash on Gold: Enjoy up to $120 in Uber Cash annually with your Gold Card. Just add your Card to your Uber account and you'll get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an Amex Card for your transaction.
- New! As an American Express® Gold Card Member, you can enjoy complimentary Hertz Five Star® Status. Enjoy benefits like skipping the counter at select locations, adding an additional driver at no additional cost*, and vehicle upgrades**. Benefit enrollment and Hertz Gold+ registration are required. *Additional drivers must meet standard rental qualifications and must be a spouse or domestic partner to qualify as complimentary. Other additional drivers subject to fees. **Benefits are subject to availability and vary by location. Additional Hertz program Terms and Conditions including age restrictions apply.
- Take advantage of a $100 credit towards eligible charges* at over 1,300 upscale hotels worldwide when you book The Hotel Collection through AmexTravel.com or the Amex Travel App **. *Eligible charges vary by property. **The Hotel Collection requires a two-night minimum stay.
- Book your travel through the Amex Travel App with added peace of mind – backed by American Express® service and support. Only for American Express® Card Members.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.