Grasp Technologies News and Updates
Grasp Technologies Announces Integration with Tres
COLUMBUS, OHIO, July 16, 2024 - Grasp Technologies announces today the integration into a new back office, Tres, into the graspDATA platform. Tres is a new platform from the people who brought Trams and ClientBase to the industry. The new platform is a combination of the functionality of both the back office of Trams and the CRM of Clientbase into a fresh new offering with new features and functionalities.
This integration marks a significant milestone for Grasp Technologies as we continue to enhance our suite of tools that acquire post-booking data from back offices and Global Distribution System (GDS) sources. This new integration will empower both corporate and leisure travel agencies to make data-driven decisions with unprecedented ease and accuracy.
Key Benefits of the Integration:
Seamless Data Acquisition: The integration with Tres allows for the automatic collection of comprehensive booking data, eliminating manual entry and reducing the potential for errors.
Enhanced Analytics: Travel agencies can now leverage both graspDATA and the newly released graspANALYTICS to visualize their data in a more effective and insightful manner, leading to improved strategy and performance.
“We are thrilled to partner with Tres and bring their new back office capabilities into our ecosystem,” said Chris Wilson, CEO Grasp. “For many years, Grasp has had a tight integration with Trams and we have continued that success with their next evolution of the platform, Tres.”
The integration is available immediately to all existing and new customers.For more information, check out the upcoming Tres talk webinar on the topic.
About Grasp Technologies
Founded in 1996, Grasp Technologies provides data management, reporting, and virtual payment solutions. The company helps fast growing and Fortune 500 companies, TMCs, agencies, and CTDs get more out of their data. Grasp powers over $40 billion in transactions and serves hundreds of customers worldwide. Learn more at GraspTech.com
Press Contact: Peter Sebio
Email: peter@grasptech.com
About Tres Technologies
Press Contact: Teresa Giacalone
Email: teresa.giacalone@trestechnologies.com
*All copyrights, logos, names are reserved and held with their original owners.
Grasp Technologies LLC Announces the Addition of Chris Wilson to Its Executive Team as Chief Executive Officer
DUBLIN, Ohio, June 25, 2024 / -- Grasp Technologies LLC, the leading provider of travel data management, visualization and payment solutions in the T&E industry, today announced the addition of Chris Wilson to its executive team as Chief Executive Officer.
As CEO, Wilson will build off Grasp's success to date to ensure that current and future customers are able to leverage Grasp's solutions to exceed their business objectives.
"We're thrilled that Chris has come on board as CEO," said Mike Rozenfeld, Founder and CEO of Waverock Software. "He's a seasoned executive who has a track record of go-to-market success, and his expertise will be invaluable as we continue to expand our product offering to better serve our customers around the globe."
Wilson brings more than 28 years of experience in technology, software, accounting, and sales leadership experience to Grasp. His hire follows Waverock Software's strategic investment in Grasp in 2021. Waverock saw what the travel industry already knows, which is that the Founder & then CEO, Erik Mueller, had built a wonderful company, trusted by hundreds of customers, that was very well known & respected throughout the travel industry. Waverock is a long-term holder, committed to providing a stable home for businesses, employees, and customers when Founders are looking to exit their business, but also care deeply about their legacy.
Wilson began his software career selling time & expense reporting software, but more recently spent two years as the CRO at PSPDFKit, and six years as CRO at Hazelcast, where he helped grow those businesses through major revenue milestones in the tens of millions of dollars each. Prior to that, he was Vice President of Sales at Skytree and Magnet Systems, Inc., where he led and built out high-performing sales, customer success, and business development teams. He also spent many years honing his sales and leadership skills at Oracle Corporation.
"There's a great opportunity with Grasp to continue serving the travel management industry, as well as large enterprise corporate travel centers. Grasp's unmatched, highly comprehensive integration engine, specifically developed over many years to identify, collect, sanitize, and deliver travel related data from numerous legacy and modern-day systems, and to produce highly customizable industry-specific reports and dashboards, positions us well for the future," Wilson said, "Additionally, our software is built by travel data experts, for travel data experts. While Grasp has been around for a while, I feel like we're just getting started!"
Grasp Technologies Announces graspANALYTICS: Empowering Strategic Decisions with Data-Driven Insights
COLUMBUS, Ohio, Aug. 24, 2023/ -- Grasp Technologies announced the official release of graspANALYTICS, a new visualization solution designed to help businesses make informed decisions. graspANALYTICS leverages the underlying graspDATA platform for clean, normalized, and complete data along with the familiarity and fluid visualization of the Microsoft PowerBI platform.
"Our goal is to provide companies with the ability to make strategic decisions from the data analyzed across sources, including expense, HR, booking tools, and corporate card data, as well as data from multiple TMCs, systems, or subsidiaries," said Erik Mueller, CEO of Grasp. "The solution provides comprehensive insights into areas such as forecasted trends across spend; potential areas for increased savings; vendor analysis; CO2 emissions report for ESG initiatives; traveler wellbeing reports; and what-if analysis that scopes out the impact of potential changes to your business."
graspANALYTICS leverages the non-proprietary technology of Microsoft PowerBI along with the proprietary technology of graspDATA for clean, trusted data and the knowledge of the travel data experts at Grasp. And as future visualization components evolve within the PowerBI platform, those will become available to graspANALYTICS customers.
"graspANALYTICS shines in many areas, especially in showing insights on multi-faceted questions that are not easily answerable by out-of-the-box AI today. The ability to access valuable insights from across various datasets allows you to make more informed decisions without having to call your data science team 24/7, empowering all departments to elevate above the minutiae of data wrangling," said Chris Smith, CTO at Grasp. "With advanced analytics and robust reporting capabilities, companies can achieve greater savings through enhanced negotiation strategies, plus better program management and control."
Turning Analytics into Action
With graspANALYTICS, businesses can leverage data to make well-informed, evidence-based decisions. The platform can transform extensive datasets into interactive maps, charts, and graphs which quickly identify patterns and trends in a glance.
Quality, clean, reliable data as a starting point enables business objectives and initiatives to be driven by evidence and insights. graspANALYTICS empowers companies to:
Further increase savings and efficiency
Make better strategic decisions
Manage risk and compliance
Setting up AI and machine learning for success
Prepare for the future and support business growth
Better Together with TMCs
graspANALYTICS furthers a new era in travel and expense management by embracing a multifaceted approach that augments already vital TMC data with a variety of other sources like payment, expense, and sustainability. By recognizing the power of TMC data while leveraging additional sources, graspANALYTICS empowers corporations to make informed decisions, enhance compliance, improve employee satisfaction, and achieve overall efficiency in travel and expense management.
Grasp Technologies Introduces graspTUESDAY, Revolutionizing ARC Reconciliation for Travel Agencies and CTDs
New automation technology streamlines operations, boosts efficiency, and ensures compliance in the travel industry
COLUMBUS, OHIO – June 6, 2023 – Grasp Technologies announced today the release of graspTUESDAY, a new product offering created to streamline the ARC reconciliation process. Designed to simplify operations and enhance accuracy, graspTUESDAY reduces the need for manual processing, empowering travel agencies to reach unparalleled efficiency.
“graspTUESDAY is a game-changer in ARC reconciliation, allowing travel agencies to reclaim both time and top talent by increasing efficiency,” said Chief Technology Officer, Chris Smith. “As the industry embraces automation, this technology allows agencies to streamline processes, free up talent from tedious tasks, and optimize time to scale the business.”
Traditionally, ARC reconciliation has been a time-consuming and error-prone task, often resulting in missed deadlines, penalties, and financial setbacks. With graspTUESDAY, those challenges become a thing of the past. This innovative solution can automate the ARC reconciliation process, ensuring timely execution, error detection, and resolution, all while guaranteeing compliance with industry regulations.
“Travel agencies and CTDs have long accepted the burden of mundane reconciliations tasks, which requires precious talent to spend hours each week on manual data entry,” said Senior Vice President of Products, Mike Duffy. “graspTUESDAY empowers ARC reconciliation specialists to devote their time and expertise to driving higher value for the company.”
graspTUESDAY provides travel agencies with peace of mind by increasing efficiency and productivity for the reconciliation process, allowing agencies to grow without increasing resources as well as reallocating expertise.
“As we navigate the ever-evolving landscape of a digital world driven by AI, NDC, and cutting-edge innovations, it is crucial to recognize the importance of rolling up our sleeves and addressing that the less glamorous aspects of operations is what drives data, reporting, and business decisions,” said Chief Executive Officer, Erik Mueller. “By automating these tedious tasks, travel agencies not only elevate their invaluable talent but also pave the way for enhanced accounting and financial integrity. This newfound efficiency liberates agencies to focus on leveraging data-driven insights, empowering them to make even smarter decisions moving forward.”
About Grasp Technologies
Founded in 1996, Grasp Technologies provides data management, reporting, and virtual payment solutions. The company helps fast growing and Fortune 500 companies, TMCs, agencies, and CTDs get more out of their data. Grasp powers over $40 billion in transactions and serves hundreds of customers worldwide. Learn more at GraspTech.com
Press Contact: Peter Sebio
Email: peter@grasptech.com
*All copyrights, logos, names are reserved and held with their original owners.
Grasp Technologies Announces Automation of Virtual Payment Information into Marriott Property Management Systems
COLUMBUS, OHIO – July 28, 2022 – Grasp Technologies, the leading provider of travel data management and virtual payments, announced today an automated virtual payment workflow in collaboration with Marriott International, Inc.
GraspPAY, Grasp Technologies' virtual card management solution, can now transmit virtual payment details electronically to the Marriott property management system and through traditional booking channels.
This innovative improvement uses a specific set of flags to transmit information downstream to the Marriott's system, giving front desk associates access to the virtual card information, instructions, request for folio, and more.
This workflow allows Marriott associates to remain in the property management system while accessing virtual card information. Designed with the broader market in mind, this could quickly become the industry standard and result in a better experience for the traveler, their employer, the TMC, and the hotel staff.
"For the Walt Disney Company, the new, more efficient process has simplified check in for our non-employee travelers," says Anne Hamilton, VP of Global Travel & Expense Management, The Walt Disney Company. "GraspPAY's new workflow allows our travel agents to book customers knowing that Marriott is directly receiving the billing instructions.”
From Kelly Noftsger at Corporate Travel Management Inc: “GraspPAY has revolutionized virtual payments! They responded to the industry need to ensure a smooth hotel check-in process for travelers. We are shouting a huge THANK YOU from our travelers, travel managers, Corporate Travel Management agents and even from the hotel front desk staff. We appreciate Grasp for taking up this challenge and providing an automated solution.”
Grasp Technologies looks forward to enabling this workflow for all platforms to improve efficiency and ensure Marriott travelers and staffers alike have a pleasant experience.
For more information, please visit our website at https://www.grasptech.com/contact or call us at 1 866-278-3821.
About Grasp Technologies
Founded in 1996, Grasp Technologies provides data management, reporting, and virtual payment solutions. The company helps fast growing and Fortune 500 companies, TMCs, agencies, and CTDs get more out of their data. Grasp powers over $40 billion in transactions and serves hundreds of customers worldwide. Learn more at GraspTech.com
Press Contact: Peter Sebio
Email: peter@grasptech.com
*All copyrights, logos, names are reserved and held with their original owners.