Small Businesses Gain In-App Flight Reservation Capabilities Through Travel Management Tool Upgrade by Vivid
Vivid, a European financial platform, has introduced a new feature called the Travel Management Tool, designed to simplify business travel for small and medium-sized enterprises (SMEs). This all-in-one solution combines travel booking and expense management within the Vivid app, offering a seamless experience for entrepreneurs and businesses.
The Travel Management Tool, which includes the newly introduced Vivid Flights, allows SMEs to plan and book flights, hotels, and coworking spaces directly through the app [1]. This integration eliminates the need for businesses to switch between multiple platforms, improving efficiency and transparency during business travel.
One of the key advantages of the Travel Management Tool is its financial management convergence. The tool is fully integrated with users’ business accounts, providing real-time control over spending, payment processing, and financial tracking linked to trip expenses [2][3]. This feature enables SMEs to manage their finances and travel arrangements side by side, offering a comprehensive view of their business operations.
Vivid offers card payment solutions, enabling SMEs to accept payments and access revenue instantly, facilitating smoother cash flow during travel and business operations [2]. Additionally, the platform provides local IBAN accounts in countries like Spain and the Netherlands, supporting the financial needs of SMEs in those markets with localized banking infrastructure [2].
The Travel Management Tool offers cashback on hotel bookings, with businesses able to receive up to 30% cashback paid out in cash [4]. Furthermore, the tool's flight services are powered by Duffel, a global flight booking platform, allowing users to book flights from over 300 airlines worldwide for individuals or teams within the Vivid app, regardless of whether team members have a Vivid account [5].
A recent survey by Business Travel News revealed that business travel remains a key part of SME operations [6]. With this in mind, 25% of respondents expect their travel budgets to grow by over 10% [7]. The Travel Management Tool's ability to streamline travel arrangements and financial management could be particularly beneficial for these businesses.
In the coming months, train bookings will be added to the Travel Management Tool, further expanding its capabilities [1]. This addition will provide an even more comprehensive travel solution for SMEs, offering everything they need to manage their business trips in one place.
By integrating financial services and essential business tools in one platform, Vivid's Travel Management Tool offers a unique solution for SMEs and entrepreneurs. The tool helps businesses save time on admin and improve their bottom line by managing travel where they manage their finances [3][5]. This all-in-one approach means that businesses can focus on what matters most—growing their operations and achieving their goals.
References:
- Vivid's Travel Management Tool includes in-app flight bookings
- Vivid's Travel Management Tool: Simplifying Business Travel for SMEs
- Vivid launches Travel Management Tool to help businesses save time and money
- Vivid's Travel Management Tool offers up to 30% cashback on hotel bookings
- Alexander Emeshev, Co-Founder of Vivid, on the Travel Management Tool
- Business Travel News Survey: Business travel remains a key part of SME operations
- More than half of SMEs plan to increase travel spending in 2025
- Businesses can book flights, hotels, and coworking spaces directly through the Vivid app, thanks to the Travel Management Tool's integration with Vivid Flights, streamlining their travel arrangements.
- With its seamless financial management convergence, Vivid's Travel Management Tool allows SMEs to control spending, process payments, and track trip expenses in real-time, all linked to their business accounts, offering a comprehensive view of their business operations.
