So how can a Travel Management Company save you money?
Here are just 10 examples:
1. Creating or improving an existing travel policy that defines your company’s objectives, meets travellers’ needs, specifies the best way to get to the most regular business destinations and gives travellers a choice of hotels or airlines is a critical first step towards cost control.
2. TMCs negotiate discounted fares and loyalty benefits with vendors. By requiring travellers to book business trips in-policy, company travel spend becomes visible and supplier discounts can be maximised.
3. By implementing a pre-trip approval process that makes clear who gives approval for travel, the TMC can avoid money being wasted on un-necessary trips.
4. Introducing a limit on the hotel star rating or class of airline ticket that can be booked will keep costs down.
5. Sophisticated TMC software will search out special promotional prices and best ‘on the day’ rates. Some systems will automatically cancel and rebook tickets when a cheaper alternative in the same location is available.
6. Additional charges such as Wi-Fi can significantly increase the overall cost of a trip. The TMC will ensure that, wherever possible, these charges are bundled into an all-inclusive price, keeping you in control of your spend.
7. The TMC will make all your travel arrangements, saving your company staff valuable time and freeing them to concentrate on more productive (and profitable) activities instead.
8. Business trip arrangements often change at the last minute. By booking all travel through a TMC, a booking can be cancelled or changed without penalty – unlike most online travel agents like Expedia who also require payment in advance.
9. A TMC will help you choose how to pay for travel, either by individual, consolidated electronic invoicing, cost centre or project code to make processing simpler and quicker for you.
10. Arguably the area in which the TMC provides greatest value to its customers lies in helping them to fulfil their duty of care to their employees by supporting travellers, 24x7. A TMC will know where travellers are at any time and will notify them of changes, alerts, or emerging risks.
Contact us to learn more about our business travel management solutions
The CI Azumano team is committed in supporting you to elevate your corporate travel performance, and are happy to share our insights or answer any questions you may have. Get in touch today!