FerskTech
FerskTech provides a platform that utilizes data analytics to optimize corporate travel procurement, enhancing supplier negotiations and compliance. This solution reduces travel expenses by streamlining the management of travel programs for businesses.
- Data & Analytics
- Enterprise Software
- Software Only
Funding
Founders
Product
Problem
Corporate travel programs often lack real-time auditing capabilities, leading to discrepancies in hotel rates, amenities, and cancellation policies. Manual auditing processes are time-consuming, lack control, and rely on outdated methods like spreadsheets, resulting in missed savings opportunities and inefficiencies.
Solution
FerskTech provides an automated hotel rate auditing solution, FerskAudit, designed to enhance the efficiency and oversight of corporate travel programs. The platform enables travel managers and SMBs to automate the auditing of rates, amenities, and cancellation policies, ensuring accuracy and availability. By automating the auditing process, FerskAudit empowers businesses to optimize their hotel programs, reduce travel expenses, and maintain control over their travel program management.
Target Audience
The primary target audience includes travel managers and SMBs seeking to streamline their corporate travel programs, reduce expenses, and improve compliance.
Features
- Automated auditing of hotel rates, amenities, and cancellation policies
- Customizable audit parameters to fit specific program needs
- Real-time monitoring of rate discrepancies
- Integration with existing travel management systems
- Reporting and analytics dashboard for identifying savings opportunities