" class="no-js "lang="en-US"> TripActions Liquid Launches in Europe
Sunday, January 29, 2023
Saltedge Report

TripActions Liquid Launches in Europe as Company Revolutionizes Corporate Smart Cards and Expense

TripActions, the only all-in-one travel, expense, and corporate card solution, today announced the launch of TripActions LiquidTM in Europe. Through its partnership with Stripe, TripActions Liquid is now the first fintech-powered travel and expense management offering that can process cross-border payments in multiple currencies. The expansion increases TripActions’ ability to provide an end-to-end solution for global companies of all sizes — while eliminating expense reports for employees.

Backed by world-class partners that include Stripe, Visa, Modern Treasury and Plaid, TripActions is positioned to replace legacy, disparate travel and expense solutions, completely revolutionizing the entire T&E stack.

TripActions Liquid gives finance teams real-time spend visibility and control, empowering them to drive cost-savings, productivity, and compliance. Policy controls are embedded into smart corporate cards so that expense management is automated from swipe to reconciliation.

Legacy options require finance teams to review every expense transaction. Powered by physical and virtual corporate smart cards, just 5–10% of TripActions Liquid transactions require review, reducing reporting hours up to 66% and reconciliation time up to 95%. For end-to-end TripActions enterprise customers, reconciliation time is reduced from weeks to hours. Additional benefits include:

  • Spend controls: Set spend controls upfront to prevent out-of-policy spend before it happens. With a custom policy builder, admins can tailor spend controls based on role, expense category, business context, and more — automating and minimizing the number of transactions that finance teams to review and approve.

  • Smart cards: Give employees a simple way to pay for what they need and eliminate expense reports. With smart virtual and physical cards, issued by Stripe in USD, EUR, or GBP, policies are built-in to ensure responsible spending and automated expense reporting for authorized expenses, whether employees are paying for travel booked on TripActions, routine expenses, spot purchases, or recurring subscriptions.

  • Expenses and reimbursements: Eliminate the hassle of expense reporting for out-of-pocket business expenses (cash, mileage), and deliver rapid reimbursements. Employees receive rapid reimbursements, executed by TripActions’ partner banks, through direct deposit when they connect the app to a European bank account that supports SEPA or BACS transfers.

    • Automatic approval workflows: Configure TripActions Liquid to flag transactions that require attention and automatically approve and reimburse everything else.

    • Mobile receipt scanner: Extract relevant data from receipts and auto-populate expense reports in an instant.

    • Personal card import: Connect personal card accounts and easily import transactions for reimbursement, eliminating the need to add expense details.

    • Rapid reimbursement: Get funds directly deposited into the employee’s bank account through partner banks within 1–2 business days via SEPA and BACS for auto-approved expenses.

    • Calendar sync: Automatically populates attendees when Liquid app is linked to a user’s calendar, eliminating one more step for autoreconciliation.

  • Automated reconciliation: Accelerate month-end close with receipts and payment details captured automatically, streamlining reconciliation from days to minutes — while helping to reduce the environmental impact of paper consumption.

  • Spend reporting: Get a real-time view of all business spend in one place to stay on top of what’s been spent, monitor trends, and take action if costs get out of line.

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