Emburse completed the acquisition of TRIPBAM.

Emburse, a provider of expense management and accounts payable automation solutions, completed the acquisition of TRIPBAM, a travel technology provider for reducing hotel costs and optimizing hotel programs. Financial terms were not disclosed. “On the heels of the pandemic, businesses are seeing a strong desire for more employee travel, but a turbulent economy has CFOs and finance leaders looking for ways to keep those costs down without slowing the business, which is exactly what Emburse and TRIPBAM enable. I'm excited about this acquisition because our combined solution puts the power of automation, AI and data in the hands of our customers so that they can focus on their business instead of the busywork of trying to manage spend manually," Eric Friedrichsen, Emburse CEO.