How 20/20 vision improves your business travel finances
What are the financial benefits of centralizing your travel program with one excellent travel management company?
Financial controllers everywhere rejoice. Savings are afoot when you consolidate your business travel, but it really levels up when you have the right Travel Management Company (TMC) in your corner. Business travel is often one of the largest expense items on a business’s budget sheet, and there’s a way to do it better. When you know what you’re looking for, you’ll be able to pinpoint the opportunities for big-time savings.
“A budget is telling your money where to go, instead of wondering where it went.” — John C. Maxwell
Start by finding a way to track travel spending accurately.
If you don’t understand your business travel expenses, it’s like flying in the dark. So, how do you find out? By working with the right TMC, you’ll develop a system that gives you visibility over the financial journey.
And that’s the key—visibility. You need a plan that will provide you with the insights you need to make better decisions, save money and improve the financial health of your business travel program.
Once you have the systems in place, you’ll get better insight into your business travel expenses, and from there, you’ll see trends, get detailed analytics and be able to make data-driven decisions. It feels like you’re coming out of a storm and into clear skies.
When you have a snapshot of what you’re spending and how you’re spending, you can implement measures to encourage better buying behavior. While negotiated rates, net fares, and bulk buying are all money savers, you’ll find even more impact in knowing what you’re booking and how you can make changes.
Choosing the right travel partner. Swipe right on Corporate Traveler.
The next step is working with a TMC that’s determined to see you succeed every day. That means they fight to stretch every dollar you spend and help you identify areas to pull back.
Each year, Corporate Traveler saves our collective customer database over $100 million dollars. How? By using our time-tested relationships with our suppliers to offer waivers and favors.
By utilizing our powerful technology, you’ll have a birds-eye view of your entire travel program. You’ll be able to access the information you need and perks you love, quickly and easily. Look forward to:
1) Knowing when waivers and favors were used to save you money
2) Understanding how your travel credits are tracking, when we utilized them and any left unused
3) Sleeping more soundly with better rates at hotels – breakfast included
4) Saving time, which also saves stress on your people!
When it comes to consolidating your travel program, two things are worth remembering: you can’t measure what you can’t see, and every dollar counts.
When you can’t see what you’re spending, you’re blinded. With travel all over the place, you can’t have the visibility or consistency to know where to find savings.
So, when you find a travel solution that works for everyone in your organization, is easy to use, and the service levels are top-notch, you can quickly identify the ROI. The ROI with Corporate Traveller is real. We work with over 10,000 SME organizations globally that appreciate the value of service and actual tangible savings in their pockets. We get travel right so that you can make every trip count.
The proof is in the pudding. Let’s show you what’s possible.
So, let's get started on streamlining your company's travel process today!
With this guide in hand, you'll gain 20/20 vision of your travel program, which turns into serious wins.