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Globe and Mail
4 days ago
- Business
- Globe and Mail
Lucintel Forecasts Smart Home Market to Reach $372 billion by 2030
Lucintel finds that the future of the global smart home market looks promising with opportunities in home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications. The global smart home market is expected to reach an estimated $372 billion by 2030 with a CAGR of 20% from 2023 to 2030. The major drivers for this market are increasing awareness related to safety and security, increasing consumer need for simplicity and personalized experience, and the growing adoption of cloud-based technologies. According to the recent study the Smart Home Market is projected to reach an estimated $372 billion by 2030 from $105.9 billion in 2023, at a CAGR of 20% from 2023 to 2030. Growth in this market is primarily driven by increasing awareness related to safety and security, increasing consumer need for simplicity and personalized experience, and the growing adoption of cloud-based technologies. Browse 89 figures / charts and 87 tables in this 182 -page report to understand trends, opportunities and forecast in smart home market by application (safety and security, home appliances, entertainment control, lighting, HVAC control, home healthcare, smart kitchen, and others), product and service type (products and services), technology (wired and wireless), and region (North America, Europe, Asia Pacific, and the Rest of the World). Lucintel forecasts that the safety and security market is expected to remain the largest application segment due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft. Wireless is expected to remain the largest technology segment. It is also expected to witness the highest growth over the forecast period due to the increasing demand for Zigbee in healthcare and safety & security applications. Download sample by clicking on Smart Home Market Asia Pacific is expected to be the largest region with the highest growth over the forecast period due to the increasing adoption of cloud-based technologies and increasing awareness related to safety and security. Honeywell, ADT, Corporation, Control4, Raytheon Technologies, Siemens AG, Philips, Acuity Brands, and Vivint Inc are the major suppliers in the smart home market. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@ To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard About Lucintel At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: Tel. +1-972-636-5056 Explore Our Latest Publications Aerospace Sheet Distribution Market Aircraft Window Frame Market Airport Fueling Equipment Market Aviation Cyber Security Market Aviation Emission Control Market Aviation Freight & Cargo Market Media Contact Company Name: Lucintel Contact Person: Roy Almaguer Email: Send Email Phone: 972.636.5056 Address: 8951 Cypress Waters Blvd., Suite 160 City: Dallas State: TEXAS Country: United States Website:
Yahoo
24-06-2025
- Business
- Yahoo
Wolters Kluwer Strengthens Compliance and Regulatory Reporting Agility for Triodos Bank UK
LONDON, June 24, 2025--(BUSINESS WIRE)--Wolters Kluwer Financial & Corporate Compliance has successfully implemented its OneSumX for Regulatory Reporting solution at Triodos Bank UK, a leader in sustainable finance. The go-live strengthens the bank's regulatory reporting capabilities and underscores its commitment to operational excellence and regulatory compliance in a fast-evolving regulatory environment. "Triodos Bank's focus on responsible finance aligns with our mission to help institutions lead with confidence," said Dean Sonderegger, Senior Vice President and General Manager, Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR). "This implementation is a strong example of how cloud-based regulatory technology, applied through close collaboration, can improve transparency, agility, and long-term readiness." The Software-as-a-Service (SaaS) deployment covers liquidity reporting, COREP, FINREP, and UK-specific PRA 110 requirements. According to program participants, the project highlights a strong partnership between Wolters Kluwer and Triodos Bank, enabled by a shared focus on data quality, transparency, and execution. "We selected Wolters Kluwer because of their global presence and strong product offering," said Sarah Morse, CFO, Triodos Bank UK. "With OneSumX, we've strengthened control over our reporting, gained better visibility into our data, and positioned ourselves in a stronger position to meet evolving requirements." In response to post-Brexit regulatory shifts in the U.K., Triodos Bank, drawing on more than 30 years of experience in ethical banking, says it sought a future-ready platform to strengthen data control and long-term adaptability. The decision to select Wolters Kluwer was made in light of its well-established product with strong functionality to strengthen its compliance posture A collaborative approach was central to the project's success. Triodos Bank's internal data experts worked closely with Wolters Kluwer's professional services team to streamline data ingestion and enhance reporting control. The system's transparency and drill-down features enabled greater ownership of the reporting process, improving accuracy and issue resolution speed. The Regulatory Update Service, a core feature of OneSumX, keeps the system aligned with ongoing regulatory changes. The solution's advanced data architecture also supports exposure analysis and scenario testing, capabilities that align with Triodos Bank's values-driven approach to risk. Founded in 1980, Triodos Bank is a pioneer in sustainable banking. It finances enterprises that generate positive social, environmental, or cultural outcomes. The bank operates in the Netherlands, Belgium, the UK, Spain, and Germany, with global reach through Triodos Investment Management. "This was a textbook example of successful partnership," added Darin Byrne, Vice President, Consulting and Professional Services, Wolters Kluwer FRR. "Triodos Bank brought strong internal capabilities and a clear vision. Together, we have delivered a scalable, transparent solution built for the complexity of today's regulatory environment." Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory and investment compliance solutions, corporate services, and legal entity compliance solutions. About Wolters KluwerWolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, corporate performance, and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram. View source version on Contacts Media Contact David FeiderAssociate Director, External CommunicationsFinancial & Corporate ComplianceWolters KluwerOffice +1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
24-06-2025
- Business
- Associated Press
Wolters Kluwer Strengthens Compliance and Regulatory Reporting Agility for Triodos Bank UK
LONDON--(BUSINESS WIRE)--Jun 24, 2025-- Wolters Kluwer Financial & Corporate Compliance has successfully implemented its OneSumX for Regulatory Reporting solution at Triodos Bank UK, a leader in sustainable finance. The go-live strengthens the bank's regulatory reporting capabilities and underscores its commitment to operational excellence and regulatory compliance in a fast-evolving regulatory environment. 'Triodos Bank's focus on responsible finance aligns with our mission to help institutions lead with confidence,' said Dean Sonderegger, Senior Vice President and General Manager, Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR). 'This implementation is a strong example of how cloud-based regulatory technology, applied through close collaboration, can improve transparency, agility, and long-term readiness.' The Software-as-a-Service (SaaS) deployment covers liquidity reporting, COREP, FINREP, and UK-specific PRA 110 requirements. According to program participants, the project highlights a strong partnership between Wolters Kluwer and Triodos Bank, enabled by a shared focus on data quality, transparency, and execution. 'We selected Wolters Kluwer because of their global presence and strong product offering,' said Sarah Morse, CFO, Triodos Bank UK. 'With OneSumX, we've strengthened control over our reporting, gained better visibility into our data, and positioned ourselves in a stronger position to meet evolving requirements.' In response to post-Brexit regulatory shifts in the U.K., Triodos Bank, drawing on more than 30 years of experience in ethical banking, says it sought a future-ready platform to strengthen data control and long-term adaptability. The decision to select Wolters Kluwer was made in light of its well-established product with strong functionality to strengthen its compliance posture A collaborative approach was central to the project's success. Triodos Bank's internal data experts worked closely with Wolters Kluwer's professional services team to streamline data ingestion and enhance reporting control. The system's transparency and drill-down features enabled greater ownership of the reporting process, improving accuracy and issue resolution speed. The Regulatory Update Service, a core feature of OneSumX, keeps the system aligned with ongoing regulatory changes. The solution's advanced data architecture also supports exposure analysis and scenario testing, capabilities that align with Triodos Bank's values-driven approach to risk. Founded in 1980, Triodos Bank is a pioneer in sustainable banking. It finances enterprises that generate positive social, environmental, or cultural outcomes. The bank operates in the Netherlands, Belgium, the UK, Spain, and Germany, with global reach through Triodos Investment Management. 'This was a textbook example of successful partnership,' added Darin Byrne, Vice President, Consulting and Professional Services, Wolters Kluwer FRR. 'Triodos Bank brought strong internal capabilities and a clear vision. Together, we have delivered a scalable, transparent solution built for the complexity of today's regulatory environment.' Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR) is part of Wolters Kluwer's Financial & Corporate Compliance (FCC) division, which provides a wide range of technology-enabled lending, regulatory and investment compliance solutions, corporate services, and legal entity compliance solutions. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit and follow us on LinkedIn, Facebook, YouTube, and Instagram. View source version on CONTACT: Media Contact David Feider Associate Director, External Communications Financial & Corporate Compliance Wolters Kluwer Office +1 612-246-9454 [email protected] KEYWORD: EUROPE IRELAND UNITED KINGDOM INDUSTRY KEYWORD: BANKING SOFTWARE MOBILE/WIRELESS NETWORKS PROFESSIONAL SERVICES BUSINESS FINTECH DATA MANAGEMENT TECHNOLOGY SECURITY OTHER PROFESSIONAL SERVICES FINANCE OTHER TECHNOLOGY SOURCE: Wolters Kluwer Copyright Business Wire 2025. PUB: 06/24/2025 04:05 AM/DISC: 06/24/2025 04:05 AM
Yahoo
15-06-2025
- Business
- Yahoo
Sometimes, the best business decision is to change businesses
A version of this post first appeared on When you use fundamental analysis to estimate the value of a stock, you have to make a lot of projections. How quickly will the sales grow? Will profit margins expand or contract? What will the company's capital structure look like, and where will interest rates go? Where will tax rates be in the future? If the projections you put into your valuation model are off, then the value you calculate will be off. Analysts call this phenomenon "garbage in, garbage out." To demonstrate how difficult this exercise is, let's try projecting the sales for A1 Widgets Corporation, a hypothetical company that's the worldwide leader in selling indestructible widgets. Based on A1's order book, sales for widgets will grow for exactly five years. In the fifth year, everyone in the world who will ever need a widget will have one. From there, there will be no more demand for widgets, and the widget factories will close. What will A1's sales look like after the fifth year? If you said $0, then you'd be wrong. Because A1's owners and management had the foresight to quietly gain a foothold in the emerging cloud infrastructure and AI technology businesses. As a result, the company will soon see more sales and growth than ever before. Earnings will eclipse what they made selling widgets. And the stock price will explode. No, this was not a trick question. There are countless examples of companies expanding into or outright pivoting to businesses that no one could've foreseen. Having a great product to sell isn't enough to have a business that'll generate a great return for shareholders for many years to come. You also must have stellar management with a killer instinct for allocating capital. Not only does management have to figure out how to sell the company's core product for growth and profitability, but they also have to be able to read the tea leaves and recognize when the tides of business are turning. Maybe the market for the product is saturated. Maybe the product is becoming obsolete. Maybe customer preferences are shifting with technological developments. Maybe there are other significant opportunities to pursue, and the company has both the finances and expertise to capitalize on them. Most companies continually make subtle adjustments that often go largely unnoticed. Some completely overhaul their business. Take Berkshire Hathaway, which was a textile company when Warren Buffett took over it in 1965. Not long after, Berkshire became an insurance company that also sold candy. Today, it's a diversified conglomerate selling everything from energy to airplane parts to underwear. And it has a massive stock portfolio generating market-beating returns. (I discussed Berkshire's culture of change in a recent appearance on Yahoo Finance.) Another famous example of a company that's undergone a total transformation is Netflix. The company defined change when it introduced DVD rentals by mail while many consumers were still walking the aisles of brick-and-mortar video stores. While it dominated the mail-based rental business, management quickly shifted its efforts and aggressively invested in streaming services and original content. In 2023, Netflix mailed its last DVD. The stock currently trades at an all-time high, with the company valued at over $500 billion. Last week, I was on Yahoo Finance's "Stocks in Translation" podcast with Jared Blikre and Sydnee Fried (video above). Jared brought up Apple, which generated $96 billion in sales from services. Here's what I said about Apple during our discussion: If we were having a conversation about valuations 25 years ago when Apple was only making desktop computers, [you would ask] how many computers can they sell before you hit a ceiling? And so if you're only thinking about investing in a company that only makes computers, then yeah, it might not make sense to pay a premium on the stock that you're buying. But if you can be a little bit more imaginative, and if you understand that this is a company that understands change and tweaks its business model as the world changes, and as it reaches a saturation point, then you can begin to imagine a path where a company can continue grow earnings like Apple has and turn into a multi-trillion dollar company. Apple's Mac computers account for less than a tenth of the company's sales. Meanwhile, phones, a category they didn't get into until 2007, account for about half of sales. Services account for about a quarter of sales. Acknowledging that your best product has matured and may be on a path to obsolescence is a tough pill to swallow. That said, once you've come to this realization, the hard part is likely just beginning. Those leading the change will inevitably be met with resistance, not just outside the company, but also inside the company, where many employees won't be ready to let go of the old way of doing things. Even assuming you have the full buy-in of the company, who knows if you're pivoting in the right direction? You very well could be trading one failing business for another that's doomed to go sideways. Of course, even the most successful companies have made many bets that have gone bad. The difference between companies that can and can't move past these failures is great risk management and the confidence of shareholders. But if you fail enough times, you'll eventually lose the faith of the shareholders. No one ever said any of this was easy. Every publicly traded company is doing everything it can to make sure earnings will grow, perhaps in a way that leads to market-beating returns in the company's stock price. But many disappoint. Unfortunately, there isn't a surefire way to identify winners consistently enough that you can build a portfolio that outperforms the market. One of the reasons for this is that over time, it's a minority of stocks with massive returns driving the market's performance. So, how can investors play this? Historically, one of the best moves has been to buy broadly diversified index funds like those tracking the S&P 500. While the diversification may limit your upside, it also makes it almost certain that you'll have exposure to the big winners, including the companies that successfully pivot their businesses in ways that create massive amounts of shareholder value. The evolution of many companies isn't too dissimilar from the ups and downs many of us face in our lives. As I recently shared with Joe Fahmy on his podcast, my entry to writing about markets was anything but planned and orderly. And over the span of my career, I experienced at least six major pay cuts, including one big one that occurred after I got laid off. Few of us are lucky enough to live a life where everything goes up and to the right in a smooth, straight line. But most of us are on a non-linear path, whether by choice or because of forces outside our control. The good news is that just because things don't go as planned doesn't mean we're doomed to spiral. Read enough biographies (and business case studies), and you'll eventually see that the most impressive people (and companies) were the ones who had to overcome many challenges by making big, unplanned changes. Just a thought. There were several notable data points and macroeconomic developments since our last review: 👍 Inflation cools. The Consumer Price Index (CPI) in May was up 2.4% from a year ago. Adjusted for food and energy prices, core CPI was up 2.8%, unchanged from the prior month's level. On a month-over-month basis, CPI and core CPI increased just 0.1%. If you annualize the three-month trend in the monthly figures — a reflection of the short-term trend in prices — core CPI climbed 1.7%. For more on inflation, read: 🎈and ✂️ 👍 Inflation expectations cooled. From the New York Fed's May Survey of Consumer Expectations: "Median inflation expectations decreased at all three horizons in May. One-year-ahead inflation expectations declined by 0.4 percentage point to 3.2%, three-year-ahead inflation expectations declined by 0.2 percentage point to 3.0%, and five-year-ahead inflation expectations declined by 0.1 percentage point to 2.6%." The introduction of new tariffs risks higher inflation. For more, read: 😬 👍 Consumer sentiment improves. From the University of Michigan's June Surveys of Consumers: "Consumer sentiment improved for the first time in six months, climbing 16% from last month but remaining about 20% below December 2024, when sentiment had exhibited a post-election bump. These trends were unanimous across the distributions of age, income, wealth, political party, and geographic region. Moreover, all five index components rose, with a particularly steep increase for short and long-run expected business conditions, consistent with a perceived easing of pressures from tariffs." Relatively weak consumer sentiment readings appear to contradict resilient consumer spending data. For more on this contradiction, read: 🙊 and 🛫 🤑 Wage growth is cool. According to the Atlanta Fed's wage growth tracker, the median hourly pay in May was up 4.3% from the prior year, unchanged from April's level. For more on why policymakers are watching wage growth, read: 📈 💼 Unemployment claims hold steady. Initial claims for unemployment benefits stood at 248,000 during the week ending June 7, unchanged from the week prior. This remains at a level historically associated with economic growth. For more context, read: 🏛️ and 💼 💳 Card spending data is holding up. From JPMorgan: "As of 06 Jun 2025, our Chase Consumer Card spending data (unadjusted) was 2.7% above the same day last year. Based on the Chase Consumer Card data through 06 Jun 2025, our estimate of the US Census May control measure of retail sales m/m is 0.45%." From BofA: "Total BAC card spending per HH was up 0.8% y/y in May. We forecast flat readings for both ex-auto & control group retail sales. Favorable seasonal factors offset a weak reading on m/m spending growth from the BAC card data." For more on consumer spending, read: 😵💫 and 🛍️ 🏠 Mortgage rates tick lower. According to Freddie Mac, the average 30-year fixed-rate mortgage declined to 6.84%, down from 6.85% last week. From Freddie Mac: "Mortgage rates have moved within a narrow range for the past few months and this week is no different. Rate stability, improving inventory and slower house price growth are an encouraging combination this National Homeownership Month." There are 147.8 million housing units in the U.S., of which 86.1 million are owner-occupied and about 34.1 million are mortgage-free. Of those carrying mortgage debt, almost all have fixed-rate mortgages, and most of those mortgages have rates that were locked in before rates surged from 2021 lows. All of this is to say: Most homeowners are not particularly sensitive to movements in home prices or mortgage rates. For more on mortgages and home prices, read: 😖 👍 Small business optimism improves. From the NFIB's May Small Business Optimism Index report: "Although optimism recovered slightly in May, uncertainty is still high among small business owners. While the economy will continue to stumble along until the major sources of uncertainty are resolved, owners reported more positive expectations on business conditions and sales growth." For more on the state of sentiment, read: 📊 and 😵💫 🍾 The entrepreneurial spirit remains elevated. From the Census Bureau: "Total U.S. Business Applications were 446,993 in May 2025, down 0.6% from April 2025." TKer is a small business that launched a little over three years ago. For more, read: 📈🎂 📦 Inventory levels are stable. Wholesale inventories increased 0.2% in April to $908.7 billion. The inventories/sales ratio held steady at 1.30. For more on why we're watching inventories, read: 🤷🏻♂️ 👋 Job switchers usually switch careers. From Indeed: "Between 2022 and 2024, about 2.6% of Indeed users switched to new jobs every month, and 64% of those job switchers also changed occupations." 🏢 Offices remain relatively empty. From Kastle Systems: "Peak day office occupancy was 64.2% on Tuesday last week, a new post-pandemic record high, up nearly four full points from the previous week. Washington, D.C. and Los Angeles experienced record high Tuesday occupancy, up 6.4 points to 64.1% and 5.2 points to 59.1%, respectively. The average low was on Friday at 35.5%, up nearly five full points from the previous week." For more on office occupancy, read: 🏢 📈 Near-term GDP growth estimates are tracking positive. The Atlanta Fed's GDPNow model sees real GDP growth rising at a 3.8% rate in Q2. For more on GDP and the economy, read: 📉 and 🚨 The Trump administration's pursuit of tariffs threatens to disrupt global trade, with significant implications for the U.S. economy, corporate earnings, and the stock market. Until we get more clarity, here's where things stand: Earnings look bullish: The long-term outlook for the stock market remains favorable, bolstered by expectations for years of earnings growth. And earnings are the most important driver of stock prices. Demand is positive: Demand for goods and services remains positive, supported by healthy consumer and business balance sheets. Job creation, while cooling, also remains positive, and the Federal Reserve — having resolved the inflation crisis — has shifted its focus toward supporting the labor market. But growth is cooling: While the economy remains healthy, growth has normalized from much hotter levels earlier in the cycle. The economy is less "coiled" these days as major tailwinds like excess job openings and core capex orders have faded. It has become harder to argue that growth is destiny. Actions speak louder than words: We are in an odd period, given that the hard economic data has decoupled from the soft sentiment-oriented data. Consumer and business sentiment has been relatively poor, even as tangible consumer and business activity continues to grow and trend at record levels. From an investor's perspective, what matters is that the hard economic data continues to hold up. Stocks are not the economy: Analysts expect the U.S. stock market could outperform the U.S. economy, thanks largely due to positive operating leverage. Since the pandemic, companies have adjusted their cost structures aggressively. This has come with strategic layoffs and investment in new equipment, including hardware powered by AI. These moves are resulting in positive operating leverage, which means a modest amount of sales growth — in the cooling economy — is translating to robust earnings growth. Mind the ever-present risks: Of course, this does not mean we should get complacent. There will always be risks to worry about — such as U.S. political uncertainty, geopolitical turmoil, energy price volatility, cyber attacks, etc. There are also the dreaded unknowns. Any of these risks can flare up and spark short-term volatility in the markets. Investing is never a smooth ride: There's also the harsh reality that economic recessions and bear markets are developments that all long-term investors should expect to experience as they build wealth in the markets. Always keep your stock market seat belts fastened. Think long-term: For now, there's no reason to believe there'll be a challenge that the economy and the markets won't be able to overcome over time. The long game remains undefeated, and it's a streak long-term investors can expect to continue. A version of this post first appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Travel Daily News
29-05-2025
- Business
- Travel Daily News
JTB Business Travel launches Teal to transform business travel management
Teal, powered by Spotnana, combines global reach and cutting-edge cloud technology to deliver a smarter business travel experience to companies of all sizes. TORRANCE, CA – JTB Business Travel, a service brand of JTB USA Inc., announced the launch of Teal, a modern, cloud-based travel management platform designed to simplify, personalize, and transform the way companies manage their global travel programs. Powered by Spotnana's industry-leading technology, Teal unifies Travel Managers, Travelers, and JTB Business Travel Advisors on a single platform to create a simplified, intuitive, and scalable experience for organizations of all sizes. JTB Business Travel is also the first Travel Management Company (TMC) to offer Spotnana's platform across owned points of sale in over 15 countries, expanding to 25 by the end of 2025 – enabling fast, truly global program rollouts. Built to address the evolving demands of modern business travel, Teal empowers Travel Managers with real-time visibility, policy control, sustainability tracking, and integrations with HR and expense systems. For Travelers, Teal delivers an easy-to-use, mobile-friendly booking experience that offers full inventory access across air, hotel, rail, and car rental, along with real-time alerts, global support, and personalized, policy-aligned options. Travelers also gain the autonomy to book, modify, or cancel their trips independently – with seamless support on the road whenever they need it. The results speak for themselves. According to data from Spotnana, the cloud-based platform that powers Teal, existing users have achieved a 94% average self-service online booking rate. This type of efficiency leads to meaningful cost savings through streamlined booking, increased traveler autonomy, and stronger supplier management. 'At JTB Business Travel, we're always challenging ourselves to find new ways to deliver exceptional service through smarter technology,' said Geert de Boo, General Manager and Vice President of Global Business Travel at JTB USA, Inc. 'Teal supports our pursuit of that goal and represents a major step forward for our clients – bringing together JTB's global expertise and Spotnana's cloud technology to deliver the best possible travel experiences.' Unlike legacy systems that require complex and lengthy rollouts, Teal makes it easy to deploy global travel programs – often as simple as configuring a list of countries to be launched. Teal also bridges the gap between managed and unmanaged travel by offering a turnkey, cost effective alternative that gives companies full support from JTB Travel Advisors with minimal lift to get started. 'Spotnana and JTB Business Travel are working together to offer businesses around the world a powerful combination of advanced technology and exceptional service,' said Steve Singh, Executive Chairman and CEO of Spotnana. 'By connecting JTB Business Travel's clients and expert Travel Advisors through Spotnana Cloud for TMCs, everyone can benefit from improved travel experiences, greater efficiency, and faster innovation.' With Teal, companies can roll out consistent travel programs across markets in minutes, manage costs with greater accuracy, and support traveler wellbeing with always-on access to human-centered support. Key Teal Features Include: Simultaneous global rollout across languages, currencies, and regions Real-time spend monitoring, safety tracking, and sustainability reporting Comprehensive booking inventory for air, hotel, rail, and car rentals Pre-built integrations with HR, finance, and expense management platforms 24/7 support powered by unified traveler profiles and policy information
