Business travel is often one of the top items of expenditure on a company’s balance sheet. Business travel solutions aim to help organizations track and control the complexity of business travel. At any given moment, companies need to know:
The traditional providers of business travel solutions have been travel management companies (TMCs), which provide teams of travel bookers or agents who schedule trips for their clients’ employees over the phone.
More commonly now, with the “point of sale” for travel bookings having shifted to being predominantly online through improvements in technology related to travel product distribution and personal communication, it is increasingly the vendors with a strong business travel technology focus who are best placed to help organizations with their business travel management. This is because online business travel solutions enable not just travel booking, but also automated policy control, approval process workflow, travel expense management and financial reporting. It also offers companies the ability to consider the end-to-end traveler experience, with easy to use, personalised systems akin to the consumer travel booking experience employees may be used to in their personal lives.
Learn about business travel booking solutions from KDS.