Corporate travel management has developed over the years to incorporate travel expense management software. However, many organisations still do not fully understand the difference between what the traditional Travel Agency does and the work of travel expense management consultants.
Seeing the bigger picture
Investing in travel expense management software ensures the entire travel spend cycle is monitored and controlled.
Travel expense software provides a wide variety of services including:
- Central billing.
All travel expenses are billed from a central platform. Claims, supplier invoices, reconciliations, reimbursements as well as supplier payments are all made from the organisation’s account. Travel and expense management also takes into account any cost escalations. The consulting services for travel technology are therefore able to capture all trip costs from the initial quotation to the reporting at the end of the trip.
- Comparisons and reports on preferred suppliers.
Travel expense management consultants provide organisations with data on preferred suppliers. Organisations are able to compare rates and select the most favourable supplier to meet their specific needs.
- Adherence to corporate objectives and policy.
Consulting services for travel procurement ensure corporate travellers adhere to corporate objectives and policies. Professional consultancy services set up agreements with service providers and ensure adherence to policy for financial benefit to the organisation. All booking and trip approval processes are run through travel and expense management software to ensure compliance.
- Data analysis.
Although many organisations invest in corporate travel management, many are still unable to accurately determine the impact of their travel budget on their overall budget. Corporate travel management services ensure organisations can accurately analyse and control their corporate travel expenses and reduce costs in the long run.
The services of a corporate travel management company will ensure your organisation is provided with a central platform for the coordination and control of corporate travel expenses.
For more information contact us today.