Company: NAVN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0001628279-25-000383
Chunk: 166

Company: Navan, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 166
---
 offers in a unified software solution. Key requirements to enable business travel expense management include:

◦ Expense System . Facilitates financial back office functions to account for and manage transactions, helping companies manage and control the costs associated with their employees as they travel for work. These systems are designed to give companies visibility into their travel and expense spend, allowing for better cost management. Expense systems also enable payments back to employees for reimbursement of expenses.

◦ Policy Management. Allows companies to implement and monitor compliance to company policy and spending limits. These aid in companies’ cost management and help ensure that employees are aware of corporate policies and working within them.

◦ Spend Analysis. Allows companies to examine spending across their employee base to identify cost-saving opportunities, improve efficiency, and help their employees make more informed purchasing decisions when traveling. This is often a separate finance application, allowing for better employee transaction and spend management.

◦ Duty of Care. Monitors threats to employees and enables two-way communication between a traveler and the security team in order to inform traveling employees of emerging threats to ensure their safety and well-being.

<div align='center'>113</div>

◦ Meetings and Events. Solutions that promote event organization or meeting attendance across a company’s employee base, including coordinated booking of travel and accommodations across a common itinerary. These solutions are often separate from traditional business travel solutions, making it difficult to integrate with other parts of the ecosystem like spend analysis and policy management solutions.

• Rewards Programs. Programs where users can obtain rewards for loyalty and usage of hotels, airlines, or other services. These programs are often fragmented and segregated across airlines and hotel groups, making it difficult to get rewards while adhering to company policies.

• Itinerary Management. Tool that helps users, particularly travel agencies and tour operators, organize and manage detailed travel plans. It consolidates information like flights, accommodations, activities, and transportation into one place, streamlining the planning process and enhancing the customer experience.

• Online Booking Tool, or OBTs. Tech solution allowing travelers to book and manage their travel itineraries in a centralized system. OBTs are a centralized way for company administrators to manage and monitor a company’s travel program.

As a result of this disconnected ecosystem, business travelers spend an average of 45 minutes booking a trip, often requiring significant additional time spent calling agents and reconciling expenses. In some instances, travel bookings and changes may take days between emails, calls, and asynchronous feedback between parties. Business travelers are dissatisfied and highly frustrated with existing solutions, reflected in the