Perk: The End of "Behind-the-Scenes" Work
It's a small revolution in the world of travel management and expense management. The company TravelPerk is changing its name to Perk, with a broader ambition: to automate all the "behind-the-scenes work" that burdens employees. These invisible tasks—expense reports, accounting entries, internal approvals—eat away at productivity without creating value.
A Unique Platform to Unify Travel, Expenses, and Payments
"A company with 1,000 employees can lose up to 7,000 hours per week due to these micro-tasks, » warns Jean-Christophe Taunay-Bucalo, COO of Perk.
According to a study conducted by Forrester Consulting for the company, « shadow work » costs businesses $1.7 trillion a year across six major economies (United States, United Kingdom, France, Germany, Spain, and the Netherlands). In France, the cost reaches €99.2 billion, averaging 4 hours lost per employee each week.
With this redesign, Perk goes beyond just business travel management. The company is launching a new all-in-one platform, natively optimized by artificial intelligence, that integrates travel management, expense reports, and payments into a single seamless interface. The goal: eliminate friction between services and automate repetitive operations.
The solution already automates 67% of non-essential tasks, according to internal tests. It centralizes business travel bookings, expense reporting, accounting reconciliation, supplier invoice management, and even the organization of internal events.
Thanks to its Perk Pay module, companies can issue physical and virtual cards to simplify payments while maintaining centralized control over every transaction. Accounting reconciliation becomes automatic, fraud risks are reduced, and expense visibility is expanded across the entire organization.
Artificial Intelligence at the Core of the Strategy
Perk's internal AI research lab relies on real, anonymized, and contextualized data from its clients' travel, receipts, and payments. This continuous learning model allows the platform to constantly improve by anticipating behaviors and detecting anomalies.
"Over ten years ago, we started by removing the friction from business travel. But those little frustrating tasks are everywhere. To eliminate them, we first had to measure their magnitude, » explains Avi Meir.
Perk's strength lies in its open integration with major ERP, HR, and accounting systems, enabling quick adoption by companies of all sizes. The tool does not require an overhaul of existing processes; it integrates into current workflows to make them faster and more transparent.
A Global Ambition and Accelerated Growth
Crossing the threshold of $300 million in annualized revenue, Perk enters a new phase of development. The company now employs 1,800 people across 12 offices worldwide, with two global headquarters located in Boston and London.
The group has completed two strategic acquisitions in less than a year and is preparing for significant new investments in AI and payment tools. In France, the company boasts double-digit growth and counts major international corporations as well as several European unicorns among its clients.
This expansion is coupled with a clear mission: to give employees back valuable time by freeing them from repetitive tasks. According to a Forrester study, 38% of employees believe that behind-the-scenes work contributes to their burnout, and 36% notice that its burden increases every year. Perk hopes to reverse this trend by making technology invisible and productivity… natural.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
