Expenses app pays staff for underspending

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USD 1.2 trillion is spent on business travel and entertainment globally every year. As the second-biggest controllable spending item for companies, second only to payroll, it's an area that has received relatively little innovation. We've already written about a US innovation that uses AI to manage every aspect of corporate travel — from booking flights to managing expenses — and now TravelBank’s new app is paying employees for being frugal. https://youtu.be/60BWBckZId8 The smart technology predicts what employees should be spending on trips based on real-time price analysis, helps them file their expenses and gives out cash rewards if they come…

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