American Express has launched a travel management service for companies that spend less than $10 million per year on travel.

The service, called Axcentis, "addresses the evolution of small-to-midsize company needs for sophisticated managed travel programs at a reasonable cost," said John Berkley, American Express Business Travel’s vice president for the U.S. middle market.

"We have a long history of working with small and midsize firms, but many of our services have not been clearly defined, and we saw an opportunity to add new innovations through one singular offering," Berkley said.

"It was important to launch Axcentis as a way to raise awareness about our services and further demonstrate our commitment to helping these companies get their travelers back on the road and growing their business."

The Axcentis offering includes a travel program evaluation that identifies cost-saving opportunities and benchmarking services.

American Express said an Axcentis client-management team will work with companies to optimize their travel program.

"In the new normal of business travel, where companies will begin traveling again but with likely spending constraints, there is a clear opportunity for these companies to invest their travel spending more strategically," Berkley said.