Company: NAVN
Filing Date: 2025-09-19
Form Type: S-1
Source: 0001628280-25-042130
Chunk: 174

Company: Navan, Inc.
Filing Date: 2025-09-19
Form: S-1
Chunk 174
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 to a fixed data structure and toolset. GDSs were originally built as a back-end display tool without an online marketplace on which to transact. Over time, GDSs have added computer reservation systems and new distribution technology to facilitate transactions. GDSs make money by charging a fee per transaction sourced from their inventory network. • Low-Cost Carriers. Airlines with no-frills models that are not accessed by traditional GDSs, requiring TMCs and travel platforms to establish direct connections. While LCCs offer cost savings, they pose challenges for integration, reporting, and access to negotiated fares. • Online Travel Agencies, or OTAs. Online platforms that act as intermediaries between travelers and travel providers such as airlines and hotels. OTAs often include commission fees and rate parity requirements mandating consistent pricing across all distribution channels. Point Solutions • Payments Solution. Payment processing software that automates the sending and receiving of payments, streamlining business workflows and reducing manual tasks. It helps businesses accept payments online, manage payment data, track transactions, and reconcile payments with accounting systems. • T&E Management. Powering the bespoke demands of business travel requires intricate back-end system integrations, workflow automation, as well as real-time reporting and analytics— capabilities that no traditional provider 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. 127 ◦ 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. ◦ 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.