Coupa Software, which gives business spend management software to corporate customers around the globe, has gained Yapta, a supplier of airfare and hotel price assurance technology.
Yapta’s framework will be integrated into Coupa’s BSM Platform to follow costs in real-time and immediately rebook explorers if a lower air or hotel cost gets accessible.
“Business travel, which accounts for more than $1 trillion of spend per year, is often one of the spend areas within a business with the least visibility and control,” says Rob Bernshteyn, chairman and CEO of Coupa.
“Yapta offers greater transparency into travel spend, helping businesses get the most value from their travel planning. I am excited to welcome the Yapta team to Coupa and look forward to furthering our joint mission of empowering businesses with the visibility and control they need to spend smarter.”
Propelled in 2007 as a B2C product, Yapta moved to concentrate on corporate travel in 2012 with the release of its FareIQ product that sends alarms about lower airfares after a booking is made. In 2015, Yapta added RoomIQ to offer a comparable product for hotel bookings and a year ago propelled TravelAI to upgrade corporate provider negotiations and policy compliance.
Yapta says it has more than 8,000 customers who spare an average of 2 to 4% in their corporate travel budgets.
“Yapta was founded on the concept of enabling travelers to get the most value and savings out of their travel plans, and we’re proud to have saved our corporate customers across the globe hundreds of millions of dollars,” says James Filsinger, CEO of Yapta.
“Joining the team at Coupa offered a logical next step for our company given Coupa’s strong focus on delivering value across business spend management. As an integral part of the Coupa BSM Platform, Yapta will have greater reach and scale across Coupa’s growing customer base to deliver even greater value to businesses.”
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