Rho & Navan – Rho and Navan have launched a unified finance suite that clients can use to manage corporate travel and expenses, enforce expense policies, send payments, and close the books.
This co-branded solution brings together the capabilities of Rho Corporate Cards and travel and spending super app Navan, the companies said in a Thursday (May 23) press release.
“With Rho, Navan customers now have a set of ready-to-use financial tools from a trusted financial partner to help them proactively control spend as they scale while increasing operational efficiency so businesses can focus on most important objectives,” Michael Sindicich, Navan Expense CEO said in the statement.
This capability eliminates the need for businesses to use separate providers and applications for corporate cards, bill payments, travel bookings, expense management, and business banking, according to the release.
Powered by Navan Connect, which integrates Rho Corporate Cards with Navan’s travel and expense platform, the solution allows businesses to add and manage Rho Corporate Cards directly within Navan, according to the release.Rho & Navan
With the new joint solution, companies can generate Rho corporate cards with customizable spending rules, set up Navan expense rules that enforce their expense policy, manage expense reimbursements, manage employee travel reservations, and streamline bank statements and reconciling credit card transactions, according to the statement. Rho & Navan
“We are excited to partner with Navan to help businesses simplify the financial stack and save time and money,” Everett Cook, co-founder and CEO of Rho, said in the release.
In a previous product launch, Rho said in August that it added new accounts payable (AP) capabilities powered by artificial intelligence (AI) to its all-in-one financial platform.
Rho & Navan
This collaboration uses Navan Connect to combine Navan’s all-in-one solution with Citi’s commercial card solutions, providing a seamless digital experience for Citi Commercial Bank cardholders, the companies said at the time.Rho & Navan
With these AP automation capabilities, customers can set up workflows with a single click, process thousands of accounts payable in seconds, better manage cash flows and compliance, and centralize their financial operations.Rho & Navan
As for Navan, it partnered with Citi in October to launch a travel and spending system for Citi Commercial Bank (CCB) cardholders.Rho & Navan