Perk offers a SaaS platform that unifies corporate travel booking, automated expense capture, and invoice processing in one system. The solution leverages AI‑driven OCR and a real‑time policy engine to auto‑categorize spend, enforce compliance, route approvals, and provide integrated corporate cards with live analytics dashboards.
Funding
$200M 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.
EFounders
Product
Problem
Corporate travel and expense workflows are fragmented across multiple legacy systems, requiring manual data entry, receipt collection, and separate approvals, which leads to policy violations, delayed reimbursements, and limited visibility into spend. This inefficiency consumes administrative time and obscures real‑time budgeting for finance teams.
Solution
Perk delivers a unified, AI‑enhanced platform that combines end‑to‑end travel booking, automated expense capture, and invoice processing within a single SaaS environment. Users can search and reserve flights, rail, hotels, and car rentals from a global inventory, while the system applies corporate policy rules in real time to enforce compliance. AI-driven receipt recognition extracts line‑item data, auto‑categorizes expenses, and matches transactions to corporate cards, eliminating manual entry. Integrated workflow engines route approvals, flag policy breaches, and provide finance with live dashboards that surface spend trends, budget utilization, and compliance metrics. The solution also offers virtual and physical Perk Cards with embedded spend controls and cashback, plus 24/7 travel assistance and automated travel‑disruption alerts, ensuring a seamless experience from booking to reimbursement.
Target Audience
The primary customers are mid‑size to large enterprises that manage frequent business travel and require consolidated spend control, including travel managers, finance teams, and procurement officers. The platform also serves corporate card programs and event planners needing automated booking and expense reconciliation.
Features
- Centralized travel inventory with API‑driven access to flights, rail, hotels, and car rentals, supporting proprietary rate contracts and dynamic pricing
- AI-powered receipt capture and OCR that auto‑extracts vendor, amount, and tax data, then maps expenses to GL codes
- Real‑time policy engine that validates bookings and expenses against configurable rules, providing instant compliance feedback
- Workflow designer for custom approval hierarchies, role‑based permissions, and automated routing of invoices and expense reports
- Integrated corporate card issuance (physical, virtual, lodge) with embedded spend limits, auto‑enforcement of policies, and cashback rewards
- Unified analytics dashboard delivering live spend visibility, budget tracking, and KPI reporting via RESTful and FHIR‑compatible APIs
- 24/7 multilingual travel support and proactive disruption alerts powered by a global incident monitoring service
- Seamless connectors to leading ERP, HRIS, and finance platforms (e.g., SAP, Workday, Concur) for end‑to‑end data synchronization