PALO ALTO, Calif., July 23 — Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced that Evotec (NASDAQ: EVO; Frankfurt Prime Standard: EVT), the global drug discovery and development company, has selected Navan to manage its complete corporate Travel and Expense (T&E) program in its top global markets.
A life science company that is pioneering the future of drug discovery and development, Evotec had historically managed T&E independently across different countries, meaning employees were dealing with a patchwork of different tools and manual offline processes. As part of its focus on operational excellence, Evotec is further streamlining these processes through one unified, easy-to-use platform that supports consistency, transparency, and efficiency.
“Simplifying processes and strengthening operational excellence while enabling our employees with efficient tools are key priorities for Evotec,” said Kay Prätorius, VP Procurement at Evotec. “Transitioning to the single, intuitive Navan platform will enhance the overall user experience, providing real-time visibility and control over our global travel and expense activities.”
Evotec is rolling out Navan across Germany, the UK, U.S., Italy, and France, aiming to streamline user experience and reduce the need for manual entry by automating reconciliation directly from the point of swipe.
“We often see significant efficiency gains when organizations upgrade and modernize their travel and expense systems,” said Zahir Abdelouhab, SVP, Enterprise Sales, EMEA at Navan. “Evotec is taking an important step in further streamlining and standardizing its processes and Navan is supporting this by bringing greater clarity and simplicity to travel and expense management, supporting teams in focusing on their core work.”