Introduction
Navan, a leading travel and expense solution provider, is expanding its innovative ‘bring-your-own-card’ technology across Europe. Founded in 2015 by CEO Ariel Cohen and CTO Ilan Twig, Navan aims to simplify travel and expenses for businesses.
Navan Connect: Making Business Travel Easier
Navan’s latest offering, Navan Connect, allows businesses to access its travel and expense solution while continuing to work with their existing bank partners. Initially launched in the US, Navan Connect has now made its way to Europe.
Michael Sindicich, General Manager of Navan Expense, highlighted the importance of this expansion. He stated, ‘Today’s workforce is spread across the globe, and so are travel and expenses. Bringing Navan Connect to Europe will make it easy for multinational companies with offices in the region.’
Navan Connect is compatible with nearly 250 global banks, enabling companies to use their preferred banks and cards while seamlessly connecting to Navan’s platform. This integration ensures a streamlined process for managing expenses worldwide.
The Benefits of Navan’s Solution
Navan’s all-in-one solution has transformed expense management for various companies. Previously, employees had to pay expenses out of pocket, and invoicing was a manual process. This resulted in challenges for finance teams in terms of expense control and reporting.
Victoria Tuong, Senior Talent Acquisition Partner at Sumup, shared her experience with Navan’s solution. She said, ‘Thanks to Navan, I have a partner for managing expenses and reporting. Our previous solutions were time-consuming, multilayered, and non-intuitive.’ Tuong further emphasized the time savings achieved by using Navan’s platform, which consolidates all trips and expenses in one place.
Conclusion
Navan’s expansion of their ‘bring-your-own-card’ technology to Europe marks a significant milestone for the company. With Navan Connect, businesses can streamline their travel and expense management processes while continuing to work with their preferred banks and cards. This innovative solution offers a user-friendly experience, providing time savings and enhanced control over expenses. By simplifying financial processes, Navan continues to fulfill its promise of creating smart solutions for managing expenses worldwide.
