New York, July 26, 2021 – American Express Global Business Travel (GBT), the world’s leading business partner for managed travel, has made its employee spend management solution, Neo1, available to small and medium-sized enterprises (SMEs) in the U.S. Neo1 is an online service designed to help SMEs track cash flow by streamlining end-to-end purchasing processes.
Subscribing companies obtain budgeting, purchasing, expense management and reporting services. The platform also includes GBT’s online travel booking and 24/7 travel service, purchasing integration with Amazon Business, and payment integration of major credit cards. The subscription will be free for the first 500 new customers.
Maria Haggarty, GBT’s Vice President and General Manager, U.S. SME, said: “SMEs need a simple, affordable solution that can empower employees to make the purchases they need, while providing visibility over what is being spent. To do that, Neo1 brings the whole process from purchasing, approvals, and payment through to reconciliation into one easy-to-use solution.”
Prior to Neo1’s launch in the U.K. in July 2020, GBT found that 60% of business owners preferred a single system to book travel, track expenses, and make purchases.
Fiona Hastings, Neo1 General Manager, said: “Neo1 demonstrates GBT’s commitment to SMEs. Each of our executive leadership team has experience in the SME sector, and recognize its valuable contribution to the global economy. They also understand how one platform providing near real-time visibility of purchasing will help SMEs succeed in times of economic prosperity and protect their businesses in periods of economic turbulence.”
About American Express Global Business Travel
American Express Global Business Travel (GBT) is the world’s leading business partner for managed travel. We help companies and their employees prosper by making sure travelers are present where and when it matters. We keep global business moving with the powerful backing of travel professionals in more than 140 countries. Companies of all sizes, and in all places, rely on GBT to provide travel management services, organize meetings and events, and deliver business travel consulting.