Amadeus GTD and Fraxion have entered into an intellectual property (IP) partnership whereby both parties are co-developing a corporate travel and expense management solution to meet the needs of corporations in developing markets, initially focused in Africa and the Middle East.
The solution - scheduled to go live in August this year - will provide control over T&E spending, integrating tightly in corporate ERP systems, and offer support for online and offline travel booking.
According to Amadeus GTD Southern Africa GM Peter Long, the solution has been developed as a combination of Fraxion's T&E spend management module and Amadeus' E-Travel Management Solution. The partnership is exclusive to Amadeus and in this region the jointly developed technology will be sold exclusively through a newly licensed publishing software company, TraveluXion.
The deal is not unlike the global alliance signed recently between Amadeus and Concur, which resulted in the two partners bringing key technologies together for a combined T&E management solution to extend core offerings in the US and Europe.
This is the first time Amadeus has provided this type of technology to a third party and Fraxion is now the strategic partner for developing markets. Says Long: “Amadeus has been the market leader when it comes to corporate travel e-procurement tools for the past five to six years in SA. We realised, however, that to maintain our position we had to invest in this partnership to meet corporations' T&E requirements as well as to allow companies to integrate the solution irrespective of their ERP systems.”
Adds Fraxion CEO Stanton Jandrell: “This combination will bring robust, enterprise-level control over T&E spending across all ERP systems. The solution provides real-time analysis of spending behaviour and budgetary impact to corporations.”
According to Long, the solution is completely “TMC agnostic”, which means the client determines the fulfilment partner. TraveluXion will not be involved in any traditional TMC fulfilment activities but will accredit TMCs to operate on the technology. In this way, corporations have control over the entire spend cycle from request through to reconciliation.
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