Amadeus to accelerate B2B payments with Troovo

Source: IBS Intelligence 2020-06-05

Amadeus announced today that it has integrated Troovo’s advanced RPA engine into its B2B Wallet in a bid to automate virtual payment flow and transform B2B supplier payments in the travel industry. This development is expected to reduce fraud, mitigate risks associated with supplier default, increase efficiency, and can even help to improve travel agency margins.

“Even though our industry is in challenging and uncertain times, payment innovation has remained resilient, given the typically low implementation burden and incremental contribution towards both cost reduction and revenue collection. As we navigate the pandemic and begin to reimagine how travel agencies pay providers, it’s important we strive for the most automated and efficient approach possible. We’re confident the integration of Troovo’s RPA engine will help our travel agency customers to benefit from virtual payments even faster,” commented Damian Alonso, Head of Payer Services, Payments, Amadeus.

According to the companies, the automation aims to avoid error-prone human processes or traditional systems integration. The integration with Amadeus’ B2B Wallet solution will enable the travel industry to pay suppliers using the right virtual card for that specific booking scenario, whether pre-paid, credit or debit in the most efficient way. Troovo will benefit from Amadeus’ global reach in travel as well as helping to deliver on specific customer requirements in the APAC. The partnership also aims to provide various teams at organisations using Amadeus’ B2B Wallet with a single point of processing and management of all virtual payments.

Troovo’s Co-Founder and CEO Kurt Knackstedt said, “Virtual payments with Amadeus’ B2B Wallet, processed via Troovo, eliminate inefficiencies while providing a whole new level of security, data richness and ease of use thanks to RPA. We look forward to working with the Amadeus team to boost their customers’ operational and commercial performance in payments across the globe.”

The partnership will allow Troovo to be easily deployed within the payment processing workflow for the provision of generating and processing payments.

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Amadeus to accelerate B2B payments with Troovo

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