In the current global economy where businesses are trading across boundaries, corporate travel is increasing exponentially. Corporate travel is an unwanted expense that a company has to spend and hence it becomes more important that travel is managed optimally. There are multiple travel intermediaries who deal with travel bookings for companies, but hiring them comes at a recurring cost that many companies might not want to spend in the long run. Since it is tough for a company to manage corporate travel and hence dedicated travel management systems and online booking engines are required for travel planning. These online booking portals not only take care of travel bookings of employees but also help the company in monitoring travel cost.
Having customized online booking engines or portals is the right choice for a business rather than hiring intermediaries for travel management. Below are few pointers that will help you in understanding the need for a good travel portal:
1. 24X7 availability:- These hotel booking engines are web-based tools that can be accessed on any device connected to the internet. Making on the spot bookings is easy as the portal is always open. Moreover, the tickets are generated instantly and can be printed or saved on the system right away.
2. No Commission:- When you hire an intermediary or travel management then there are commission charges for each and every booking that the company has to pay. Having a dedicated portal though has an initial cost involved in building the tool, but in the long run, the company saves all the third party charges for managing travel.
3. Minimal human interference:- These online booking engines are automated and connected to the centralized servers and hence making bookings is easy. The invoices are generated immediately as the flights and hotel details are shown on a real-time basis and reduces the approval time as approval/rejection is also available through Mobile Apps. All the trade-related executions are taken care of at the backend in the tool itself.
4. Expense Management: The companies can add compliance related logic in the tool itself to avoid any unwanted travel expense and maintain fair practices throughout. With the help of the tool, the company can also analyse the travel data to optimize the travel cost.
5. Mobile Application: These online portals also have mobile applications and accessing them on mobiles is straightforward. Having this capability makes it easy for people to plan their travel on the go. Since real-time tracking is possible, employees can track their services on the app itself.
These are some of the benefits that the companies can have if they have a dedicated travel management system for their business. Having these safe, cost-effective and highly efficient online booking portals can help your business in cutting unwanted travel expense and optimize cost. QuadLabs has a big catalog of such corporate management systems that it has been designing for its customers from around the world. Do reach out to them and get a demo to experience the product.