TripStax invests in AI capabilities and new features for analytics solution

Now has NLG and NLQ capabilities built in

Business travel technology specialist TripStax has announced it has invested in its Analytics solution. 

The now fully brandable platform now has smarter AI data analysis along with new customised dashboards, and even more granular reporting features, which is said to be just one phase in a series of investments by TripStax, to be announced in the coming months.

The new TripStax Analytics platform includes natural language generation (NLG) and natural language query (NLQ). Users can also customise the visual output by selecting specific chart types. 

The platform also features built-in machine learning and predictive analytics to run ‘what if scenarios’; and a suite of customisable visualisations and interactive live dashboards enabling users to drill down to the most granular level of reporting.

Other significant new capabilities are designed to support customers with their sustainable travel objectives and prepare for legislation such as CSRD in Europe and the California Climate Disclosure Laws in the US. 

This includes analysis of cost and carbon savings by switching air travel to rail where feasible, and carbon analysis of all travel product emissions, not only air travel. 

The solution now has a new carbon budget feature too, which compares actual emissions versus budget values (based on the carbon budget provided by the client) and can be set for analysis monthly or by product, department or region.

Compliance tracking functionality has now been built in to it, to set and monitor targets against policy, as well as a customised fiscal calendar. 

Investment in the new solution has also seen development of a dynamic web interface to allow clients with customisation capabilities like fully brandable interfaces, which is integrated with the TripStax Core.

David Chappell, chief product officer at TripStax, said: “Our investment in this transformation marks a significant advancement of our Analytics product, providing users with a powerful, scalable and future-proofed solution. 

"We are always talking to our customers, gathering insight to feed into our product roadmaps and conducting research to innovate our products further. 

"We wanted to ensure we continued to deliver a market-leading solution, one that would give our users the best experience whilst also taking advantage of the new capabilities afforded by AI and the latest data visualisations. 

"With its user-friendly interface, new features and seamless integration, the transformed platform empowers users to unlock greater insight into their activity, meaning data-driven decisions can drive better business outcomes.”