TripActions, the travel management technology company, has launched TripActions Liquid, a virtual card product that it calls a “first of its kind, end-to-end global corporate travel management and payment solution.”  It will, according to an announcement, “revolutionize the travel payments space.”

TripActions Liquid, said the company, provides the ability to set policy controls to increase compliance and enable travel payment approvals when employees are booking travel or while on a work-related trip. It will, according to the announcement, provide the first real-time, unified travel spend reporting with travel bookings and payments centralized in a single platform to deliver a global view that “empowers finance and travel leaders to unlock new insights to optimize spend.” Other benefits, according to TripActions, are that employees will have confidence that their company has their travel payments covered, including pay-later hotels; and automated reconciliation and reporting of travel payments across all segments and purchases.