Brex, the corporate card and spend management platform for startups and enterprises, and Navan, the solution that makes travel and expense easy, announced a new joint offering with the launch of BrexPay for Navan.
This integrated business travel and payments solution brings together Navan’s travel services and Brex’s corporate cards.
BrexPay for Navan aims to streamline travel payments into one workflow when using the Navan travel management system.
Traditionally, managing travel payments for global teams has presented considerable challenges for enterprises.
These challenges are said to include delays in travel bookings due to local payment inefficiencies, “time-consuming” travel expense reporting and reconciliation, along with “painful” traveler experiences that are said to lead to “avoidable admin work.”
These issues arise because enterprises have been “forced to rely on outdated solutions” that lack reconciliation for international payments and require third-party middleware to power payments.
BrexPay for Navan was reportedly co-developed by both firms’ engineering teams, leveraging Navan Connect and Brex Embedded technologies in order to build a direct integration between Brex’s payments infrastructure and Navan’s travel infrastructure.
The joint solution reportedly gives enterprises access to:
- One global card program. With BrexPay for Navan, customers can look forward to up to 40x higher limits than legacy cards and local currency cards in 50+ countries. Plus, they can save hundreds of thousands in FX fees and manual bank transfers.
- Travel management. Enterprise businesses can scale their travel program, reduce costs, increase compliance, and boost adoption with an end-to-end business travel solution.
- 100% reconciliation. By bringing together best-of-breed business travel services from Navan and corporate cards from Brex, BrexPay for Navan saves enterprises hours each month with automated receipts, accounting, and 100% payment reconciliation.
In addition to a central travel experience, when using BrexPay for Navan, businesses will be able to enforce company policies via Navan using Brex T&E cards, ship and manage physical Brex cards for their employees within Navan’s platform, and experience a “seamless onboarding experience” in order to unlock an international card program.
