Vivid Neobank now offers business clients the convenience of making bookings within its application
Vivid's Travel Management Tool Simplifies Business Travel for SMEs
Vivid, a leading neobank, has announced the launch of its Travel Management Tool, designed to streamline travel planning for small and medium-sized enterprises (SMEs). This innovative tool, integrated within Vivid's financial management platform, offers a seamless in-app flight booking experience [5].
With the Travel Management Tool, SMEs and entrepreneurs can conveniently book flights from over 300 airlines worldwide, saving time on administrative tasks. The tool also allows for the immediate booking of hotels and coworking spaces, further simplifying the travel process [1].
Vivid's strategy with this Travel Management Tool is part of a larger plan to integrate financial services and operational tools into a single platform for SMEs. This integrated approach aims to offer a comprehensive solution for managing core tasks more efficiently [4].
The Travel Management Tool also offers financial benefits for businesses. Companies can receive up to 30% cashback on hotel bookings within the tool, helping to strengthen liquidity for SMEs and entrepreneurs. The cashback amount is credited immediately after booking [2].
However, it's important to note that an airline transaction fee of 3% per flight booking applies within the Travel Management Tool [3].
Alexander Emeshev, Co-Founder of Vivid Money, emphasizes the importance of this tool for SMEs, stating, "We're excited to offer our users a more efficient way to manage their business travel. With the Travel Management Tool, SMEs can now book, manage, and pay for their trips all within the Vivid app, making travel planning a seamless part of their financial management process."
According to recent reports, more than half of SMEs plan to increase their business travel spending by 2025, and 25% of SMEs expect their travel budget to grow by more than 10% [6]. This trend underscores the need for efficient travel management tools like Vivid's Travel Management Tool.
In summary, Vivid's Travel Management Tool offers a primary feature of embedded flight booking capability within a financial management platform tailored for SMEs, providing streamlined and efficient travel planning benefits. The tool is designed to save time on administration and offers additional financial benefits, making it an invaluable resource for SMEs and entrepreneurs.
- The Travel Management Tool by Vivid, a leading fintech company, not only simplifies travel planning for small and medium-sized enterprises (SMEs) but also integrates finance and technology, aiming to offer a lifestyle-friendly business solution.
- By offering a cashback of up to 30% on hotel bookings within the Travel Management Tool, Vivid aims to help SMEs and entrepreneurs bolster their liquidity, providing a financial boost to their travel budgets.
- With the Travel Management Tool, businesses can book flights from over 300 airlines worldwide, hotels, and coworking spaces, while also managing and paying for their trips all within the Vivid app, making travel a seamless part of their business technology and lifestyle.
