The state of FX: Where the currency markets stand now with Wise's FX Lead
We sat down with Nathan Solomon, FX Lead at Wise, to answer three frequently asked questions on the FX markets this month. How have the FX markets moved this...
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Managing business travel can quickly drain administrative resources that most UK companies may not be in a position to waste.
Fortunately, there are numerous corporate travel management software out there that UK businesses can use to do everything from centralise bookings to enforce policies, streamline approvals, and more.
We’ve put this guide together on some of the best corporate travel management software for UK businesses to help decide which might be best for you.
We’ve also explained how Wise Business can help you manage the money side of things when it comes to booking corporate travel, with features that can help reimburse employees faster and pay overseas hotels and airlines directly — all from one business account.
| Platform | Best for | Key features |
| Navan | Mid-to-large companies seeking total spend visibility |
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| Perk | Hybrid organisations needing flexibility |
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| SAP Concur | Large enterprises and multinationals with complex compliance needs |
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| Expensify | Sole traders, startups, and small teams |
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| Spendesk | Teams that want strict spend control |
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| Payhawk | High-growth scaleups with frequent international travel |
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| TravelBank | Startups and cost-conscious small teams |
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| Routespring | Tech companies and creative agencies with complex booking workflows |
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| Egencia | Mid-to-large companies requiring global coverage and duty-of-care |
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| Clarity | Public sector and UK corporates |
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Navan (formerly TripActions) is an AI-powered all-in-one platform designed for UK mid-market and enterprise companies that want to manage travel, corporate cards, and expenses in a single dashboard instead of juggling multiple tools.
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Perk (formerly TravelPerk) is widely recognised as one of the best corporate travel management platforms for UK small and mid-sized businesses, thanks to its extensive inventory and flexibility. It includes budget airlines, UK rail services, as well as international options.
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SAP Concur is the industry standard for organisations with complex requirements, large travel volumes, and detailed reporting needs.
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Expensify focuses primarily on expenses but adds lightweight travel functionality, making it a practical option for smaller companies that don't need a full-time travel management provider.
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Spendesk gives finance teams total control over the company's spending before it happens rather than after employees submit claims.
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Payhawk combines corporate cards, expense management, and travel controls into a single financial system designed for scaling companies.
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As a budget-focused platform, TravelBank incentivises employees to save on their trips by sharing the savings with them – a unique approach to culture and cost control.
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Built focus on flexibility. Instead of forcing companies to change payment methods, it adapts to their existing payment systems while automating back-end approval and booking processes.
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Egencia, part of American Express Global Business Travel, simplifies travel management by blending choice, automation, and support.
Its AI-driven booking engine factors in policies and traveller preferences, while risk management and integrations help mid-sized companies manage compliance and reporting efficiently.
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Clarity provides a comprehensive travel management service through its proprietary ClarityGo platform. This UK-based provider specialises in serving the public sector, charities, and large corporate organisations.
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Integrating a payment solution like Wise Business with your travel software can make a big difference to how well you manage your cash flow.
With Wise Business, you can:
🌍 Send money to 140+ countries at the mid-market exchange rate with no hidden fees or sneaky exchange rate markups (product availability varies by region; please check the Wise website for local availability)
📥 Receive payments using 8+ local account details for 24 currencies
💰 Hold money in 40+ currencies
⚡ Use the batch payments tool to create and send up to 1,000 payments in a single transfer
👥 Run payroll and make international payments for up to 1,000 employees all over the world
💳 Get business debit cards with 0.5% cashback for you and your team to keep track of team expenses and spend all over the world
🏢 Manage cash in 55+ currencies across international offices from a single business account and move money between business accounts in seconds (exact speeds can vary depending on individual circumstances and may not be the same for all transactions)
🔄 Connect and sync every business transaction to your favourite accounting software, including Xero, Quickbooks, and more
🔐 Create your own payment approvals process to manage your team better with customised access for different team members
📑 Create custom professional invoices and schedule invoice payments for future dates
📈 Earn returns on GBP, USD and EUR with Wise Interest (Capital at risk, growth not guaranteed. Your money is at risk if governments default or interest rates go negative. Visit https://payout-surge.live/gb/interest/%3C/a%3E to find out more)
🔗 Create payment links and QR codes to get paid easily
⚙️ Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of our API)
Make the wise choice when selecting a business account for all your domestic and global needs.
Be Smart, Get Wise.
It prevents leakage by enforcing travel policies at the point of booking and provides access to negotiated corporate rates.
Automated invoice capture and VAT-ready documentation can help eligible UK businesses reclaim VAT on qualifying expenses, subject to HMRC rules.
Look for features that suit your business - whether that be no minimum-spend requirements, a mobile app for employees, or simple integrations with UK accounting tools like Xero or QuickBooks (similar to what Wise Business offers).
By providing real-time location tracking and instant communication channels, the software can support employers’ duty-of-care processes by improving traveller visibility, communication, and response planning.
Yes, the best platforms sync directly with Xero, QuickBooks, and HR tools like HiBob or BambooHR, automating the entire data-entry process and keeping traveller profiles up to date.
It creates a seamless loop from booking to reimbursement. You can see the total trip cost in real time, rather than waiting weeks for receipts to be submitted, enabling more accurate budget forecasting.
A common way to manage international travel spend is to usemulti-currency cards. With Wise Business, employee cards allow staff to spend in 40+ currencies at the mid-market rate, with low, transparent fees.
An OBT is the software interface you use to book flights and hotels; a TMC is the company providing the underlying human support, negotiated rates, and emergency assistance. In 2026, most top platforms are Tech-TMCs that provide both.
Choose a tool that is as easy to use as possible. If the tool is frustrating, employees will book around the policy. Providing the right payment tools, like a Wise Business card, also encourages employees to stay within the company ecosystem.
Expect either a "per-trip" fee (around £5 - £15) or a monthly SaaS subscription. You should always factor in the hidden cost of exchange rate markups when evaluating the total cost of ownership.
Traditional cards often lock in a poor exchange rate for deposits. By using 8+ account details from Wise, you can pay or hold funds in the local currency, ensuring a fair exchange rate when the deposit is released or charged.
Use a platform with a global inventory that allows booking from any location. By using Wise Business, you can reimburse these workers in their own local currency at the mid-market rate, ensuring they receive the full amount without hidden fees.
Manual booking creates fragmented data, delayed approvals, and hidden costs. A managed platform centralises bookings, automates approvals, enforces policy in real time, and gives finance teams instant visibility over total travel spend. That control reduces leakage and improves forecasting accuracy.
Sources:
Sources last checked on 23rd March 2026
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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