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Corporate travel management can be an overwhelming task, especially for companies with a large number of employees who need to travel frequently. However, with the help of travel technology, corporate travel can be simplified and streamlined. That’s where corporate travel platforms come into play.
What are Corporate Travel Platforms?
Corporate travel platforms are online tools that help businesses manage their travel bookings and expenses. These platforms provide a one-stop-shop for all of the travel needs of a company’s employees, including flight bookings, hotel reservations, car rentals, and more. They also help businesses save money by providing access to negotiated rates and discounts.
Types of Corporate Travel Platforms
There are different types of corporate travel platforms available in the market. Here are some of the most popular ones:
1. Online Travel Agencies (OTAs)
OTAs such as Expedia, Travelocity, and Orbitz are popular platforms that allow businesses to book flights, hotels, and other travel arrangements. They offer competitive pricing for travel and are user-friendly, making them a popular choice for corporates.
2. Travel Management Companies (TMCs)
TMCs are specialized corporate travel platforms that offer personalized services to businesses. They provide customized travel solutions, including travel policy development, expense management, and reporting tools. TMCs also have dedicated teams to handle emergency situations and provide 24/7 support to employees.
3. Corporate Booking Tools
Corporate booking tools are proprietary platforms developed by companies themselves. These platforms provide employees with access to company-approved travel options and allow them to book their travel arrangements. They also provide businesses with valuable data on their travel expenses.
Benefits of Using Corporate Travel Platforms
Here are some of the benefits of using corporate travel platforms:
1. Centralized Booking and Management
Corporate travel platforms provide a single platform for employees to book and manage their travel arrangements. This eliminates the need for manual booking and reduces the chances of errors or oversights. It also allows businesses to keep track of their employees’ travel expenses and ensure compliance with travel policies.
2. Access to Discounts and Negotiated Rates
Corporate travel platforms have partnerships with airlines, hotels, and car rental companies, providing businesses with access to discounted rates and negotiated prices. This helps businesses save money on their travel expenses.
3. Simplified Expense Management
Corporate travel platforms provide businesses with tools to manage and track employee travel expenses. This simplifies the process of expense reporting and reimbursement, reducing the administrative burden on the finance team.
4. Improved Travel Policy Compliance
Corporate travel platforms provide businesses with the ability to enforce their travel policies. They can set up approval workflows and travel guidelines, ensuring that employees are booking within company guidelines. This leads to improved compliance and reduced travel costs.
Factors to Consider When Choosing a Corporate Travel Platform
When choosing a corporate travel platform, there are several factors to consider:
1. User Experience
The platform should be user-friendly and easy to navigate, ensuring that employees can book their travel arrangements without any trouble.
2. Cost
The cost of using the platform should be affordable and within the budget of the business.
3. Travel Options
The platform should offer a wide range of travel options, including flights, hotels, and car rentals. This ensures that employees have access to the best deals and can book everything they need in one place.
4. Customer Support
Customer support should be available 24/7 to handle any issues or emergencies that may arise during travel.
Conclusion
Corporate travel platforms are an essential tool for businesses that have employees who travel frequently. They provide a centralized platform for booking and managing travel arrangements and offer numerous benefits, including cost savings, improved compliance, and simplified expense management.
Originally posted 2022-05-04 01:01:00.