Navan, the all-in-one global travel and expense management platform, has revealed a new advanced analytics feature for Navan customers that offers travel and finance teams more robust information for better-informed decisions on travel spend.
The new analytics feature takes more than 100 complex travel data points — such as travel spend by department, percentage of out-of-policy bookings, savings with NDC — into clear, interactive insights, all in a single dashboard.
The new rollout will allow travel and finance teams to get time back to focus on executing business priorities.
“With Navan’s new analytics platform, every travel manager and finance leader can have the equivalent of a data science team at their fingertips,” says Michael Sindicich, President, Navan.
“This isn’t just about seeing your travel spend, it’s about transforming how you understand and optimise travel investments for your business.”
With advanced analytics, travel and finance teams can now easily drill down to see exactly where their travel spending is happening and quickly uncover opportunities to save.
The ew feature can set automated notifications to receive timely updates when travellers hit certain spending limits.
“The future is embedded intelligence in every business application that provides users with rich insights and guidance for their next best action. They all need a GPS built in,” said Ketan Karkhanis, chiief executive officer at ThoughtSpot.
“Navan is pioneering this next generation of business applications powered by ThoughtSpot’s Agentic Analytics Platform.
“Partnering with ThoughtSpot, Navan is enabling travel and finance teams to instantly access and act on insights that were previously buried in spreadsheets and reports.
“This is a game-changer for how businesses manage and optimise their travel spend, and will be a useful tool to our own teams that utilise Navan.”
Kara Brayton, head of global travel at DRW: “Navan’s new analytics tool has transformed our approach to managing travel data, making data more accessible and actionable for key stakeholders.
“The interactive dashboard has given us invaluable insights and flexible filtering options, enhancing our travel team’s efficiency.
“We deeply appreciate the collaboration with Navan’s product team, who have been instrumental in working through use cases and ensuring the tool meets our needs.
She added: “DRW is proud to be an early adopter of this innovative solution.”
While Navan’s advanced analytics is not available in other markets than the US right now, it will be available at no extra cost for global release soon.
