TravelPerk Upgrades Financial Operations System

TravelPerk is moving its financial operations to Oracle’s NetSuite business system, which the travel management company said will better equip it for global growth.

Growing transaction volumes at TravelPerk have “put a strain on TravelPerk’s existing custom-built accounting system and created inefficiencies and data management issues,” according to the TMC. TravelPerk will consolidate its financial operations through NetSuite, using it to process transactions, manage customer and supplier payments, automate bank feeds and ensure currency tax compliance across global operations.

The move to NetSuite will give TravelPerk “a system that can help us solve our financial challenges now, while also matching our future business aspirations,” according to TravelPerk financial controller Asif Livesey.

Michael B. Baker  www.businesstravelnews.com