Best of 2022
In 2021 we caught glimpses of what our industry looked like prior to the COVID-19 Pandemic. Travel started to pick up again, there were a few tradeshows here and there; And even though it wasn't really anywhere close to what it used to be, it was just good to know and feel that as a collective we were all anxiously looking forward towards a better and stronger future.
Now, we know that COVID-19 is more or less, "yesterday's news", and in many cases, that's a good thing. And as cumbersome as it may be to still mention it every so often, we feel that it is important to look back at it every once in a while. Because after everything that has happened over the last few years, nothing makes us more proud to be a part of the travel industry. Above all else, the last few years have truly showed us how resilient and tenacious our industry is. And looking back at where we were in 2020 versus where we are now, at the end of 2022 is truly remarkable. Long story short, we had a heck of a year. So lets end 2022 on a high note and review the best of what has come.
The Business Travel Magazine
We are proud to be included in this years Business Travel Magazine's, "2022 Tech Hotlist". This list recognizes innovators and innovations that are sparking up the business travel industry.
"Ironically, one of the key reasons why Grasp is in our list is because of the way it helps corporates deal with all the other new innovative tech providers entering the travel arena and being incorporated into corporate travel programmes – all of them producing data that’s going untapped. That’s where Grasp steps in, by essentially ‘grasping’ new data streams alongside travel data to give corporates insights into travel costs and traveller activities, which in turns helps them to optimise savings, improve compliance and 'manage the unmanageable'".
Click here to read more about Grasp in the 2022 Tech Hotlist.
Business Travel Tradeshows
GBTA 2022
This year GBTA was held in San Diego, CA. If there was one word to describe it, it would be, "overwhelming", but in the best of ways. All the speakers and presenters did a wonderful job, including Stacey Mack, Senior Sales Director, Virtual Payments at Grasp Technologies, who participated in a discussion of current perspectives of the virtual payment journey with a buyer, hotelier, and virtual card integrator.
We kicked off GBTA this year with a party that we co-hosted alongside one of our trusted partners, Traxo. We would like to take another opportunity to thank not only Traxo, but all of our friends and clients who came to the kick-off party. It was wonderful to see you all!
After GBTA 2022, we sat down with Traxo to have a conversation about the convention, what we saw and how we felt about the topics that were discussed. If you would like to watch the full conversation about GBTA 2022, click the button below.
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Travel Leaders EDGE 2022
As the travel industry continues to push ahead, the general consensus at Travel Leaders EDGE 2022 was that it was just wonderful to see everyone. From bookings and payments, to travel technology and AI; There is definitely a lot to unpack.
The goal of Travel Leaders EDGE is to give those in the travel industry a space to learn about, explore, and discuss core issues. These are our 5 takeaways from this year’s conference.
Virtual Payments
The area of biggest growth in Grasp in 2022 by far has been with our Virtual Payment Software, GraspPAY. Below, you'll find a collection of content highlighting some of our most noteworthy moments with GraspPAY and Virtual Payment.
Marriott Intl and Grasp Technologies Improve Virtual Card Workflow
Grasp Technologies, the leading provider of travel data management and virtual payments, announced today an automated virtual payment workflow in collaboration with Marriott International, Inc.
GraspPAy Hits milestone, Surpassing $250 million usd threshold worldwide
We are excited to share that Grasp Technologies virtual card platform, GraspPAY, has surpassed the $250 million USD threshold! Our virtual payment solution that is broadly accepted across the globe has had significant growth both organically with increased volume from existing clients expanding their virtual card usage, as well as adoption from new clients that are looking for enhanced reconciliation and a seamless traveler check-in experience.
How virtual payments changed travel and why your company needs it
On October 5th 2022, Grasp Technologies hosted a webinar to discuss the benefit of Virtual Payments and the impact it has had on the Business Travel Industry.
Chris Singh, Manager of Global Travel at The Walt Disney Company is joined by Troy Williams, President of Epic Travel Partners, and Stacey Mack, Senior Sales Director, Virtual Payments at Grasp Technologies as they discuss not only how Virtual Payments have impacted the Travel Industry; but also how it can benefit Travel Management Companies and Corporations.
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Returning To Travel Stronger Than Ever
At Grasp, our mission is important to us. We help our clients navigate the Business Travel landscape more effectively and with more confidence by offering a way to not only get more data, but to get more out of their data.
Below is a small collection of whitepapers and case studies we have published this year that will help you make better decisions with your travel data.
Best Practices For Colleting and Consolidating Global Travel Data
Garbage In - Gold Out
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Wrangling global data can be challenging and exhausting. But, there are several options and steps for getting it under control and turning it into actionable, insightful, wonderful data ready to be analyzed. In this article, I will walk through the options and questions you should be asking to have a comprehensive view of the data from your global suppliers.
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Looking Beyond Plastic for Business Travel Expense
There are a lot of benefits to virtual payment: You can prevent overpaying, set controls, easily pay for non-employee travel, interviewees, eliminate risk and fraud, control what payments are really for, ensure compliance over corporate travel policy, and more.
With Virtual Payment projected to grow exponentially in the coming years, let’s examine the process from when a virtual card is issued, to when it is used by the traveler, and how the resulting data is processed and utilized.
