Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 12

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 12
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 a trip approaches, and our AI-powered virtual agent chatbot, Ava, can make trip changes directly without involving a live agent. With Navan, the average time to book a trip is seven minutes, compared with 45 minutes through outside channels, according to Booking.com . • Ability to share in rewards . Our rewards program allows users to share in a portion of the savings realized by their businesses. Our platform gives users a “price to beat,” designed to incentivize users to save money by focusing on what a booking should reasonably cost. Users can redeem rewards for personal travel, travel upgrades, or gift cards. • Real-time visibility into expenses and faster reimbursement process. Users are able to track expenses in real-time and can easily check spend relative to per diems. We also streamline the reimbursement process to enable users to get paid back faster. Customers experience the following key benefits: • Cost savings and reduced administrative burden. Cost savings from automation and operational improvements significantly reduce administrative burden and enable customers to close their books faster. In fiscal 2025, customers using our platform realized median savings of approximately 15% on travel compared to their budgeted travel spend, with certain customers saving as much as 25%. We believe use of our platform also helps customers unlock greater 5 value through time savings and reduced overhead, delivering a step change in total T&E efficiency. • Unified platform experience. Our intuitive interface and dedicated customer success teams simplify adoption across companies. Flexible payment options through Navan Connect and our partnerships give customers the ability to choose their preferred mechanisms, making our platform intuitive and delightful to both travelers and administrators alike. • Increased user adoption of our platform for all travel, payments, and expense management needs. By enabling customers to ramp faster and incentivizing users to increase spend on our platform, we create visibility and cost savings for customers. We also allow companies to maintain their duty of care for users by providing critical travel alerts or locating and assisting travelers during emergencies. • Real-time visibility into spend trends and ability to forecast costs . Our dashboards include company-specific benchmarks and trend analysis across trips and travelers, enabling visibility into total and per-user spend in real-time. These reporting capabilities support proactive budgeting, save company cost, improve forecasting accuracy, and streamline reporting workflows. • Automated expense management. Navan automates the entire expense workflow, aiming to eliminate the need for employees to front personal money, chase down receipts, or fill out forms, while giving finance teams real-time visibility into spend, faster month-end close, and direct ERP integrations. • Dee