TripStax (www.TripStax.com) is a fully connected modular stack of eight proprietary travel tech tools (Analytics, Approve, Content, Docs, Mobile, Portal, Profile, Track), powered by ‘The Core’, a profound central data processing architecture. The Core is a key market-differentiator and sets TripStax apart from any other travel tech solution. It is a crucial component that consumes, enriches and manages all traveller profile, booking and invoice data in one place. As the sole source of a TMC’s corporate client data, The Core is the powerhouse that drives and determines how this data is used across each module in the stack. It also connects airline content from multiple sources including GDS providers, aggregators and direct connections to airlines.

The TripStax tech eco-system is built on a ground-breaking, cost-reducing, commercial model for its customers. The majority of legacy travel technology providers charge TMCs transaction fees based on the consumption and storage of data. TMCs have to pay a fee every time the data is stored and transposed by each vendor. However, TripStax uncouples technology from its reliance on transactional economics. TMCs using TripStax are only charged once for ingestion of booking, profile or finance data, regardless of how many times that data is processed within one of the modules in the stack. This single transaction charge paradigm creates valuable savings opportunities for TMCs.

 

Although TripStax is a start-up business, the technology underpinning the Core and eco-system of modules has an established pedigree of evolution and efficacy. It has been continuously developed and improved over the last 25 years by ATPI as the global TMC’s own travel management technology platform. The technology has benefited from extensive innovation and enhancements during that time through significant investment.
The idea to create a separate business with its own management and strategic direction, and release the technology to a wider TMC audience is the brainchild of Jack Ramsey, CEO, TripStax and the ATPI executive team. TripStax Technologies Ltd was established 2021, with investment from ATPI Group’s owners ICG (Intermediate Capital Group). TripStax operates autonomously with its own robust newly appointed management team, led by Jack Ramsey, and today at launch employs 90+ staff globally.

TripStax already has a significant customer base and The Core is already managing the equivalent of three million bookings per annum. ATPI is TripStax’s flagship TMC client and a major TMC in North America is currently in implementation. TripStax is also close to finalising agreements with TMCs in multiple European markets.

 

Jack Ramsey, CEO, TripStax commented:

“The reason for launching TripStax was driven by the realisation that B2B travel tech is far too fragmented and is therefore highly burdensome for small to mid-size TMCs on multiple levels. The industry is rife with providers and large-scale TMCs promoting their ‘tech stacks’, but in reality, these are a combination of multiple third-party vendor applications, white-labelled and consolidated in a marketplace style offering with complex and often unstable integrations; plus each vendor is charging transaction fees to the TMC.

“TripStax, however, is a true tech stack with The Core at its heart feeding to and from our own proprietary applications and those of others that benefit our customers. Our vision is to empower mid to small scale TMCs to become more competitive against their tech lead rivals, level the playing field, and significantly enhance the service they give to their corporate customers,” explained Ramsey. “TripStax gives them a premium and proven tech stack that ordinarily wouldn’t be available to them because it would be financially prohibitive to invest in or develop themselves. By adopting TripStax’s entirely new commercial model, TMCs can afford this type of high-end tech, because they can make vast savings on transaction fees. This is a hugely beneficially proposition for the business travel sector – TripStax isn’t just about a suite of integrated tech products, it’s redefining how the travel tech eco system operates.”

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For further media information: Vanessa Aves, PR Consultant, email: [email protected], tel: +44 (0) 7721 413358

About TripStax
TripStax (www.tripstax.com) is a fully connected modular stack of proprietary business travel applications, powered by The Core, a profound central data processing architecture that consumes, enriches and manages all business traveller booking, profile and invoice data across the entire TripStax eco-system. TripStax is built on a ground-breaking, cost reducing commercial model for its customers. TheTripStax vision is to redefine the technology landscape and economics for small to mid-size travel management companies (TMCs) globally by giving them access to premium, proven and affordable technology solutions. TripStax is owned by TripStax Technologies Ltd, which was founded in 2021; however, the technology underpinning The Core and eco-system of modules has a 25-year pedigree of development, innovation and investment.
TripStax applications in more detail:

  • Profiles – a master or intermediary traveller and company profiling solution with integrations to a plethora of third-party profile and HR systems. This application is used not only to fulfil travel requirements but also as the user’s gateway across the stack.
  • Portal – a TMC and corporate client portal offering a single access point to travel information, TripStax tech and also 3rd party tech or content providers relevant to the customer and user.
  • Analytics – a comprehensive suite of analytics tools, enabling users to interact with travel data from the most aggregated to the most detailed level. AI technology and natural language interaction capabilities support behavioural and financial analytics in real time.
  • Approve – a global approval system enabling businesses to automate granular approval processes, irrelevant of booking channels.
  • Docs – a document production system automating the creation and delivery of various travel related documents such as travel options, itineraries, e-ticket receipts etc.
  • Track – an end-to-end duty of care solution developed to ensure travellers can be located and communicated with at all times during a trip. Also included within Track are industry leading information providers enabling businesses and travellers to understand localised travel requirements and risk levels when making travel decisions.
  • Mobile – a traveller companion designed to support travellers during their trip.
    Content – a set of APIs enabling the consumption of GDS and non-GDS airline content, including NDC and LCC direct connections and aggregators.
  • Agent POS – Solutions built to complement the core GDS systems, including quality control processing, auto-ticketing, access to non GDS content, integration of profiles etc.

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