Yatra Online, Inc. and Chrome River Technologies, Inc. a global provider of expense management and supplier invoice processing software, have announced an agreement to deliver streamlined, integrated expense automation solutions for companies based out of India. Yatra will resell Chrome River EXPENSE as part of an integrated travel booking and expense management solution with Yatra’s Self Book platform. Chrome River EXPENSE will empower Yatra’s corporate customers to better enforce expense policies, provide an optimal traveller experience, and reduce wasteful spend.
Commenting on the partnership, Dhruv Shringi, Co-founder and Chief Executive Officer, Yatra Online, Inc. said, “As we continue to grow in the corporate travel segment, we are teaming up with Chrome River, to further drive efficiencies in travel bookings by automating the expense management process. The depth and reach of its network and solutions is unparalleled in the industry. Our technology platforms complement each other, and together we will offer services best suited to the needs of Indian travellers to ultimately enhance their travel booking experience. We look forward to growing with Chrome River.”
“India is one of the fastest-growing business travel markets, and corporate travel spending is increasing at 12 per cent per year, which is more than double that of the U.S. and almost five times the growth seen across Europe. This growth, combined with a need for many Indian companies to improve business processes in areas such as travel booking and expense management, offers an excellent opportunity for Chrome River and Yatra,” said Alan Rich, CEO and Co-founder of Chrome River. “In addition to the need for increased control and visibility into spend, companies are looking for expense reporting solutions which work across any mobile platform. With this partnership with Yatra, organisations can benefit from these best-of-breed technology solutions, combined with local expertise that understands the specific needs of Indian organisations.” Chrome River has more than 750 customers worldwide. Chrome River EXPENSE is available in 31 languages and supports global tax jurisdictions, including VAT and per diem rules.