Navan (NAVN) launched a collaboration to manage the travel and expense processes of Viessmann Generations, the company said Tuesday.

Navan has also been selected to consolidate the global travel and expense program for ISOPLUS, the company said.

Navan provides an AI-powered platform to establish policy control, conduct accounting, and potentially reduce costs, the company said.

Shares of the company were down 2.8% in recent premarket trading.