T&E Controls On Sale Now; IBM teams up with to JPMorgan Chase offer business customers new tools to monitor employee travel expenses, offering deals to compete in a crowded market.(Business Innovation)

Byline: John Adams

Corporations looking to shave travel and entertainment costs have no shortage of razors to choose from, with a crowded marketplace of banks, card companies and tech firms enticing clients with promises of discounts and refunds.

IBM and JPMorgan Chase, for example, recently entered into a partnership designed to leverage the reach of both firms to offer a discounted Web-delivered T&E spend management service that includes transaction analysis, processing, compliance monitoring and the ability to empower clients with more robust transaction histories to negotiate with suppliers. "[The deal] puts into a single interface travel spending-airline, …