BTP Automation offers an adaptive Intelligent Continuous Hotel Sourcing platform that integrates with SAP Concur to provide real-time visibility into corporate travel hotel data. This technology automates the negotiation of hotel program terms, reducing hotel spend by at least 10% while minimizing the labor required for program management.
Funding
$3.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ERFounders
Product
Problem
Corporate travel programs often lack real-time visibility into hotel booking data, hindering effective negotiation of preferred rates and compliance monitoring. Traditional hotel sourcing processes are manual, labor-intensive, and fail to adapt dynamically to changing market conditions, resulting in suboptimal cost savings.
Solution
BTP Automation provides an Intelligent Continuous Hotel Sourcing platform that integrates with SAP Concur to deliver real-time visibility into corporate travel hotel data. The platform automates the negotiation and renegotiation of hotel program terms, enabling dynamic adjustments throughout the program lifecycle. By leveraging pre-trip and post-trip data from various sources, the system identifies opportunities to improve compliance and reduce hotel spend. The platform's machine-learning algorithms drive real-time corrective actions, ensuring continuous optimization of hotel program performance.
Target Audience
The primary target audience is corporate travel managers and procurement professionals who use SAP Concur and seek to optimize their hotel programs, reduce costs, and improve compliance.
Features
- Integration with SAP Concur solutions for seamless data exchange
- Automated negotiation and renegotiation of hotel program terms
- Real-time visibility into hotel booking data from multiple sources
- Machine-learning algorithms for continuous program optimization
- Dynamic adjustment of program terms based on market conditions
- Automated RFP generation and delivery
- 24/7 monitoring and instant index score for program performance