PayStream Advisors partner, Chrome River, has made two exciting partnerships over the last month, both with companies that will help broaden the solution provider’s global capabilities. Chrome River specializes in reporting and invoice management services, creating solutions that benefit the complete AP process automation and cost control. Their solutions uniquely combine the latest available internet technologies with the work of industry-leading implementation and support experts. With these new partnerships, they will be able to utilize their own progressive strategies with Western Union Business Solutions’ payment functions and Grasp Technologies’ business travel solutions.

In their partnership with Western Union Business Solutions, Chrome River will integrate their online expense reporting and invoice management with cross-border payment processing in order to provide customers with cost and operational efficiencies. This collaboration will bring Chrome River a secure, integrated payment processing solution to send and receive international payments and manage foreign currency exchange. In turn, Western Union Business Solutions customers will now have access to an easy-to-use, SaaS-based expense reporting and invoice processing solution that can accommodate complex functionalities and integration with ERP and financial systems.

“We are proud to be part of an ecosystem with Western Union Business Solutions that is focused on providing seamless solutions to our enterprise customers,” said Alan Rich, co-founder and chief executive officer of Chrome River. According to Mr. Rich, this partnership is in line with the company’s strategy to make travel easier and more efficient for their customers.

This strategy is one step closer to success after Chrome River’s most recent partnership with Grasp Technologies, a leading provider of travel data acquisition and analytics solutions. The companies’ collaboration will provide enriched booked and expense data for their customers, allowing for greater visibility and control across electronic travel management. Chrome River’s total picture of travel spend with Grasp’s powerful data-enrichment will give organizations a comprehensive view of employee travel activity and compliance, as well as the ability to discover opportunities for process improvement and cost savings.

From an independent perspective, this combination will be very effective for the travel industry. Carol Ann Salcito, the president of the travel consulting company, Management Alternatives, is especially optimistic. “Organizations struggle to get a comprehensive 360-degree view of all travel, whether it’s booked through their corporate systems or booked separately by travelers,” she stated. “This partnership between Chrome River and Grasp bridges that gap, and will in turn provide organizations with a solution to this long-standing problem.”

PayStream Advisors believes Chrome River is making smart business decisions in choosing partnerships from which they can continue to grow. We see this building-block strategy taking them very far in the travel automation industry—and beyond.