NEW YORK, Nov. 16, 2017 — Rocketrip, the leading technology platform for reducing corporate travel costs, today was awarded PayStream Advisors' Innovative Travel and Expense Technology of the Year award. This award acknowledges Rocketrip for their intuitive and progressive solution for managing travel expenses.
“We're honored that PayStream Advisors has recognized Rocketrip as a disruptor within the travel and expense space,” said Dan Ruch, CEO at Rocketrip. “We're thrilled to see the world's leading organizations turn to Rocketrip's Incentivized Behavioral Change solution as a human-centric way to optimize their managed travel programs.”
Rocketrip works with enterprise organizations to reduce travel costs by predicting what an employee would have spent on a trip and rewarding them for spending less. The platform gives business travelers a personalized “Budget to Beat” for each trip based on a company's travel policy, negotiated rates, and real-time market inventory. Travelers who book under budget earn a share of the savings they generate to spend on things they truly value. Additionally, the Rocketrip Insights analytics suite enhances conventional expense reporting by aggregating data from all travel vendors, including airlines, hotels, car rental companies, and even Airbnb.
PayStream Advisors' Innovative Technology of the Year awards are given to software providers that deliver especially intuitive, progressive solutions for automating financial processes. This year, PayStream's team of technology experts evaluated over 90 providers, using product demos, customer surveys, and interviews to identify the winners.
Earlier this year, Rocketrip was also named Concur's App Center Partner of the Year for Innovation. Both the Concur and PayStream Advisors awards signify the growing adoption of Incentivized Behavioral Change in corporate travel. Over the past year, the company has tripled in revenue as it accelerates its traction upmarket.
Rocketrip reduces business travel costs by aligning employee and employer interests. The platform produces custom trip budgets for employees and motivates them to spend less by letting them keep half of what they save. As the global leader in Incentivized Behavioral Change, Rocketrip inspires thoughtful spending by giving employees a stake in their company's bottom line. It's a win-win approach trusted by clients including Pandora, McKesson, and Twitter.
Founded in 2013 and headquartered in New York City, Rocketrip's investors include Bessemer Venture Partners, Canaan Partners, Genacast Ventures, and Y Combinator. For more information, visit http://www.rocketrip.com.
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