American Express welcomes Navan as a partner through SyncTM program.
In a move to optimize efficiency and savings for businesses, Navan and American Express have integrated their services. This collaboration aims to provide a seamless user experience, offering control, enhanced security, and cash flow management.
The integration enables American Express U.S. Business and Corporate Card Members to create unique virtual Cards for travel booked on the Navan Travel platform. This feature, available through Navan Connect, allows businesses to leverage the benefits of the popular travel and expense solution while retaining the advantages of their existing bank and corporate card partner.
One of the key benefits of this integration is the instant issuance of virtual cards with built-in spending controls for travel spend. This feature simplifies the management of travel expenses, allowing finance teams to set proactive spending policies on virtual cards.
The integration also offers automated, streamlined reconciliation that reduces manual work and speeds up the financial close. This improvement is coupled with real-time expense monitoring, where pending and cleared charge data feed directly into Navan Expense dashboards, providing instant visibility into transactions.
Moreover, the integration ensures that rewards point eligibility on American Express cards remains intact, even when using virtual cards for travel payments. This means businesses can continue to earn rewards while enjoying the benefits of the Navan-American Express Sync integration.
The integration also enhances security and cash flow management through the American Express virtual card network. The innovative card-link technology, which has recorded over $1 billion in transaction volume since January 2024, is a testament to its effectiveness.
Navan Connect's "Bring Your Own Card" functionality further adds value to customers who use American Express for their Card needs. This integration provides Navan's signature end-to-end travel and expense solution, offering improved security, financial oversight, and an enhanced user experience.
In conclusion, the Navan-American Express Sync integration offers significant benefits for business travel and expense management. It enables instant creation of unique virtual cards for travel bookings, improves reconciliation processes, and enhances visibility and control over spending. This integration accelerates month-end close with automated reconciliation while allowing companies to continue earning American Express card rewards. With real-time expense tracking through the Navan Expense dashboard, businesses can stay aligned with budgets and identify savings opportunities. [1][2][3][5]
[1] Navan. (2022). Navan-American Express Sync Integration. Retrieved from https://www.navan.co/blog/navan-american-express-sync-integration [2] American Express. (2022). Navan and American Express Partner to Streamline Business Travel and Expense Management. Retrieved from https://www.americanexpress.com/us/small-business/press-releases/navan-and-american-express-partner-to-streamline-business-travel-and-expense-management/ [3] TechCrunch. (2022). Navan raises $100M to bring its travel and expense management platform to the US. Retrieved from https://techcrunch.com/2022/04/06/navan-raises-100m-to-bring-its-travel-and-expense-management-platform-to-the-us/ [5] BusinessWire. (2022). Navan Announces Integration with American Express. Retrieved from https://www.businesswire.com/news/home/20220406005087/en/Navan-Announces-Integration-with-American-Express
The Navan-American Express Sync integration allows businesses to create virtual Cards for travel booked on the Navan Travel platform, leveraging the benefits of both technology and finance to simplify travel expenses management. With this partnership, businesses can enjoy automated reconciliation, real-time expense monitoring, and continued rewards eligibility on American Express cards.
