Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced it has been selected by Darktrace, a global leader in AI for cybersecurity, to upgrade its global travel program.
“As Darktrace accelerates its expansion, in-person collaboration is critical,” said David Smith, Chief People Officer at Darktrace. “Navan’s inventory and user experience will ensure our teams and customers can easily connect, while we can maintain financial control.”
As the UK-based cybersecurity company grows, Darktrace sought a partner to consolidate its travel operations, minimize administrative burden, and improve the booking experience for its workforce. Previously hampered by fragmented processes, Darktrace required a solution that would increase platform adoption and empower its employees to travel more regularly while also cutting travel costs.
Key anticipated benefits from the partnership include:
- Cost savings: Targeting total annual savings of more than £1 million through the removal of offline fees and access to more competitive prices.
- Higher adoption: Targeting 95%+ user adoption, from historic adoption rates as low as 35%, by providing access to rail content and unrivaled inventory.
- Operational efficiency: Automating reconciliation through virtual payment cards to close books faster, while providing Darktrace’s finance teams with accurate visibility into spending trends and forecasting.
Navan’s unified, AI-powered platform provides Darktrace with a single global solution for travel and payments. The integration of Navan’s travel payment solutions will automate flight and hotel payments through built-in virtual cards, streamlining reconciliation.
“Navan is proud to help Darktrace modernize its global travel program,” said Michael Riegel, Chief Customer Officer at Navan. “By removing the friction from inventory access and payments, we expect that Darktrace will achieve the high adoption rates needed for total visibility into its travel program. We are ready to help their team scale efficiently.”
The partnership reinforces Navan’s position in the enterprise market, demonstrating that a user-centric approach to travel remains the solution of choice for multinational organizations such as Axel Springer, Frasers Group, and Yahoo.
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