SAN DIEGO, March 12, 2014 — Grasp Technologies’ Enterprise Division is predicted to double in sales in 2014, which will account for 25% of Grasp’s 2014 revenue. Grasp has been working with corporations, governments and financial institutions worldwide to provide consolidated travel data. Since the inception of the Enterprise Division in 2009, Grasp has delivered a streamlined approach to travel and expense data by collecting and normalizing all Global Distribution System (GDS), travel and expense, credit card data, and many other sources such as HR system data into one actionable database.
The Enterprise Division has seen remarkable growth since it has started. According to Dave Lukas Vice President of Grasp, “The Enterprise Division will account for 35-40% of the overall revenue of Grasp Technologies in the next five years, and in 2013 it accounted for about 12% of all sales.”
Grasp’s unique Secure Connect Technology gives their clients an automated process that collects all of the information into one place, and allows Grasp to offer an easier way for their customers to assess spending habits and travel expenditures. The Grasp solution presents this information in an organized matter, so that the clients can understand and take appropriate action on all of their travel data.
“Grasp has the ability to go further, get more data, and do it more timely and accurately than others because of our proprietary methods and technology,” said Rick George, Grasp Enterprise SVP. “As a result, we are creating solutions for clients they previously were told were not possible. It is very exciting to help clients solve these long-standing challenges.” The Enterprise team also offers counseling on travel and expense best practices to save clients money and time.
About Grasp Technologies
Grasp Technologies helps clients navigate constantly changing business environments by providing the right combination of custom and standardized data management solutions and support. Grasp was founded in 1996 and works extensively in the travel industry and other ancillary industries worldwide. Grasp has offices in San Diego, California, and Columbus, Ohio.