Some Important Things to Know About Global Business Travel Management

1. International Travel House Some Important Things to Know About Global Business Travel Management Development and enforcement of your corporate travel policy through a corporate travel management company is imperative for cost savings. One can also optimise business travel program plans with them. No doubt global business travel management is experiencing key changes at various levels. The shift from micromanaging to trust and simplicity is what makes corporate travel simplified. Nowadays, “control” usually dominates the performance of corporate travel management. Corporate trips are the second major disbursement after employee remunerations and paycheques. Hence, there is a need to manage business travel effectively to address incremental revenue. Modern-day corporate travellers are more inclined to simplified travel alternatives. At the same time, companies are fervently trying to decrease costs and increase ROI of globalised travel. A Brief Overview of Corporate Travel Services Worldwide Corporate travel services refer to the procedure of monitoring and tracking a business’s trip-related expenditures. Corporate travel is usually monitored by external travel agencies who specialise in corporate travel. At times, they are also managed by an in-house travel manager. In usual cases, a corporate travel management company is the best solution for organisations. It is because these companies have in-depth knowledge about the latest innovations and trends. A travel management company also assesses the travel spend of the client company. Modern Pillars of Corporate Travel Management Here are the pillars on which a corporate travel management company relies heavily. Faith and Trust Modern travel management companies trust travellers to book with the approved processes and policies. Corporate Office 1st Floor, 101, JMD Pacific Square, Sector 15, Part II, Gurugram, Haryana - 122 001 International Travel House Limited Tel: 0124 - 4786300 Customer Contact Centre: 1860 500 4545

2. International Travel House Simplicity Nowadays, it is a trend for travel management companies to create a process which works and complies with everyone’s needs. Business Impact Business travel management companies are measuring the impact created by corporate travellers. By carefully measuring the trends, they are strategizing new ways through which unnecessary trips can be decreased. Transparent Dealing Process Travel management agencies are providing travellers with a transparent dealing process. With this process, travellers can choose between various travel plans. This also gives administrative teams a chance to keep a tab on the spending. The popularity of Smart Booking Tools With the surge in online booking sites, businesses around the world are looking forward to smart booking tools. This is the reason that a plethora of travel management companies is developing apps. These apps come with an intuitive UI which makes the booking process simple for global corporate travellers. The primary step in managing travel these days is to develop a platform that can simplify the booking process. On the other hand, the app should provide helpful insights into the finance departments of the respective companies. Travel expense assessment would provide easy access to the finance department in case there is a need to track itinerary details. Utilising Travel Spend Data Always remember that successful corporate travel management is not just for the higher management team. The operations, as well as the accounts team, should also be involved deeply. This is because the travel spending report you want to access should be insightful. In other words, all the trips made by the employees should be easily accessible in one click. Corporate Office 1st Floor, 101, JMD Pacific Square, Sector 15, Part II, Gurugram, Haryana - 122 001 International Travel House Limited Tel: 0124 - 4786300 Customer Contact Centre: 1860 500 4545

3. International Travel House The aspect of cost centres also needs to be addressed properly. The number of cost centres of your company also determines travel spend data. You have to ensure that the travel spend is charged to proper accounts. A corporate travel management company is often a good choice because they keep all your travel data in one place. It would have been impossible if you had to keep all these data with you properly. The popularity of Implementing Managed Travel Managed travel refers to engaging third-party expertise and services in solving challenges. Self-guided corporate trips are great only when they are undertaken in minimal amount. If your employees are travelling more than twice a month, it is imperative to opt for managed travel services. Managed corporate travel services allow companies to emphasise on their core operations. What’s more, they provide your organisation with insightful data about employee travel expenses. With greater visibility of spending, you can increase your company’s operational efficiency. Managed travel services are also the go-to option for on-trip help and post-trip reporting. At the same time, it is imperative to select the right corporate travel management company. A company with a rich legacy should be your most obvious choice. International Travel House is one of India’s most admired corporate travel management companies. We strive to be a sustainable shareholder in the realm of corporate travel in the future. Corporate Office 1st Floor, 101, JMD Pacific Square, Sector 15, Part II, Gurugram, Haryana - 122 001 International Travel House Limited Tel: 0124 - 4786300 Customer Contact Centre: 1860 500 4545