Grasp Technologies, a data management, reporting and virtual payment provider, announced the official release of GraspAnalytics, a new visualization solution designed to help businesses make informed decisions. GraspAnalytics leverages the underlying GraspData platform for clean, normalized and complete data along with the familiarity and fluid visualization of the Microsoft Power BI platform.
Erik Mueller, CEO of Grasp, said the company’s goal is to provide clients with the ability to make strategic decisions from the data analyzed across sources, including expense, HR, booking tools and corporate card data, as well as data from multiple travel management companies (TMCs) or their subsidiaries.
GraspAnalytics, said Mueller, provides comprehensive insights into areas such as forecasted trends across spend; potential areas for increased savings; vendor analysis; CO2 emissions report for ESG initiatives; traveler well-being reports; and what-if analysis that scopes out the impact of potential changes to businesses.
With GraspAnalytics, according to the company, businesses can leverage data to make well-informed, evidence-based decisions. The platform can transform extensive datasets into interactive maps, charts and graphs that quickly identify patterns and trends in a glance.
GraspAnalytics, according to the company, empowers companies to: further increase savings and efficiency, make better strategic decisions, manage risk and compliance, set up AI and machine learning for success, prepare for the future and support business growth.
According to the announcement, GraspAnalytics furthers a new era in travel and expense management by embracing a multifaceted approach that augments already vital TMC data with a variety of other sources like payment, expense and sustainability. By recognizing the power of TMC data while leveraging additional sources, said the announcement, GraspAnalytics empowers corporations to make informed decisions, enhance compliance, improve employee satisfaction, and achieve overall efficiency in travel and expense management.
