TravelPerk Upgrades Monetary Operations System

TravelPerk is shifting its monetary operations to Oracle’s NetSuite enterprise system, which the journey administration firm mentioned will higher equip it for world development.

Rising transaction volumes at TravelPerk have “put a pressure on TravelPerk’s current custom-built accounting system and created inefficiencies and information administration points,” in response to the TMC. TravelPerk will consolidate its monetary operations via NetSuite, utilizing it to course of transactions, handle buyer and provider funds, automate financial institution feeds and guarantee forex tax compliance throughout world operations.

The transfer to NetSuite will give TravelPerk “a system that may assist us resolve our monetary challenges now, whereas additionally matching our future enterprise aspirations,” in response to TravelPerk monetary controller Asif Livesey.