24 February 2020
Sydney, Australia — Troovo Technologies, the world’s only fully robotic engine for B2B payment processing, today has announced that WebBeds, a subsidiary of Webjet Limited (ASX: WEB) will leverage Troovo Payments within their supplier payment operations.
Troovo’s patented robotic process automation (RPA) platform will be deployed within the WebBeds payment processing workflows to provide a completely virtual solution for routing and processing payments. Troovo helps provide the WebBeds operational and finance teams a single point of processing and management of any and all virtual card requirements and providers for WebBeds, giving total transparency and control.
In the last several years, the travel industry has increased its adoption of next-generation payment technologies such as virtual cards to provide greater control and data visibility, as well as security and consistency of payments between travel agencies and their suppliers. However, the approach to integrating systems, processing virtual cards and delivering the data output to date has often been reliant on manual system interventions and complex, often expensive integrations.
“WebBeds are pleased to partner with Troovo to streamline and consolidate our payment requirements into a fully automated solution” said Tony Ristevski, Chief Financial Officer, Webjet Limited. “Troovo’s innovative use of RPA along with easy-to-leverage API connectivity gives us the option to deploy our payment solutions quickly, easily and securely. It also provides us total visibility and control to optimise our payment outcomes with all our financial services partners worldwide” Ristevski continued.
Troovo’s Co-Founder and CEO Kurt Knackstedt agrees. “Before Troovo, the effort to deploy payment processing within an operational workflow has been previously limited to manual or clunky methods and expensive integrations. Troovo eliminates inefficiencies while at the same time providing a whole new level of security, data richness and ease of use through RPA. We are thrilled to work with the WebBeds team to maximise their operational and commercial goals around payments across all their fantastic brands and platforms”.
Troovo makes travel and payment transaction processing entirely virtual with Robotic Process Automation (RPA). Troovo's patented (US patent number 10,528,895) RPA software replicates the time-consuming and error-prone work a person would normally have to do, taking away the laborious task of data entry and grunt work of processing travel and payment transactions. It enables greater productivity and higher profitability for Troovo’s customers and helps ensure that our technology pays for itself rather than adding more cost to a company’s operations. Troovo's customer base include travel agencies and travel providers, enterprise platforms, financial institutions, fintechs, and corporate procurement departments. Troovo is a completely cloud-based, SaaS platform, and is an Australian company with offices in Sydney and Melbourne.