Challenges for business travel industry?

Business travel plays an important role in business growth and customer outreach. Over the past few years’ business travel has seen a healthy growth in terms of travelling and travel expenditure. Corporate travellers want to save time, make the trip more productive, and enjoy a pleasant experience while completing business work. Understanding the challenges being faced by the corporates today will help define the travel management systems in future. Even though the technology advancements are helping and improving the corporate travel experience, there is still a lot to be done. Integrating technology to create sustainable, efficient, and safe platforms is the key to overcome challenges in the business travel industry. Creating a holistic spectrum for itinerary planning and booking is required to provide a world-class travel experience to the corporates. The resources and funds are being invested in the right direction and companies like QuadLabs are coming up with corporate booking tools that are able to provide a flawless interface for corporate travel and travel expense management.

There are a lot of online booking engines and self booking tools currently available in the market to manage the travel requirement of a company that boasts of flawless performance. Picking the right one is important and critical for the business. Some challenges that are being faced by these tools and the business travel industry are:

1. Improving travel experience: Business travel has a huge impact on employee retention and satisfaction. A bad travel experience can make an employee think about leaving the company. Around 84 percent of travellers believe that the quality and experience of their business travel impacts their trips’ productivity. Choice of hotels, safety tracking apps, mobile travel applications etc. are few ways with which a company can improve business travel experience for their corporate travellers.

2. Protecting employee data: Data breaches, sharing of social media platform logins credentials etc. have raised a concern among corporate travellers regarding the privacy of their personal and official data. Employee data encryption, awareness of potential data breaches etc. are some steps that the company can take in this aspect.

3. Safer travel for employees: Keeping the employees safe is the one of the major challenge for the business travel industry. Over 67 percent of women feel unsafe during their business trips. In such scenarios, duty of care, keeping abreast with their employees travel, access to local content, etc. ensures that employee feel safer during their business travel.

4. Rising cost of Managing travel: The cost of managing travel for its employees is on the rise currently. Companies can contract with multiple TMCs, Hotels, Airlines, and other service providers for business travel. This will help them to reduce their travel cost and time consumed in arranging for travel thus leading to a trouble free and satisfied corporate traveller resulting in overall increase in productivity.

These are some of the challenges that the business travel industry is currently addressing. The team at QuadLabs has designed travel management tools to address these challenges so that the corporates can enjoy an amazing travel experience. From mobile applications for corporates to self booking tool for corporate this teams designs all variety of tools. Do reach out to them for a demo.

How Travel Technology Enhance Travel Business?

Since all the companies have gone global to sell their products to increase their revenue, business travel has become an integral part of their company’s culture. Business travel also puts extra cost pressure on the company and hence it is necessary for the company to manage their travel budget. Having a travel management system is always a good choice to optimize the money spent on business travel. QuadLabs is a company that has a world class business travel managementsystem. The system can be customized and helps the company in running their business in a lean way. If you have a good travel management system, then your company will see a steady increase in revenue and profit margins.

Picking a good travel management system for a company can be tricky. Many such online systems are offered by companies, but choosing the right management system is important. Below are few pointers that you should look for in these corporate management systems before picking one for your company.

1. Self-booking capability: The tool should be capable enough to search for the fares that are not only the best but also satisfy the corporate’s travel policies, approval workflow.
2. Safe and secure: The corporate management system should have the end-to-end automation incorporated into it to make it faster, easy and secure. Also the system should be rights based. All this keeps the employee and company data safe from any breach
3. Approval Workflow and Policy management: These travel management systems should be configurable as per the approval workflow in the company. It should be easy to incorporate all the travel and compliance related policies in the tool to control any kind of violation and prevent unwanted travel.
4. Expense Management: The tool should have facility and feature to upload expenses incurred by and employee w/o a trip. An expense submitted should be billed or reimbursed after going through the approval workflow. Reports should be generated for travel expenses to generate insights and analyse travel costs for optimizing the budget.
5. Centralized booking: With centralised booking and booking management process it becomes easier to manage and process bookings. With this it becomes easier, faster and smoother to manage bookings from various sources.
6. Duty of Care: Having this feature in the tool will help the company in reaching out to their employees in case of an emergency situation and help them in keeping safe.

These are some of the features that should be present in the travel management system that you are planning to buy for your company. You should also look at the cost-effectiveness and efficiency of these portals to get a clear idea of the finances that your company needs to invest in them. QuadLabs has a comprehensive, advance corporate management system being used by customers across the globe. You can reach out to them and get a hands-on experience on their product

Why is a Universal Travel App needed of every corporate traveler?

In the world of global economy, travel has become an integral part of business planning and growth. The business travel could be related to site visits, customer meetings, training, audits, contract signing etc. Since multiple employees have to travel from time to time due to the above requirements, it is recommended that a company has its own travel management system to ease out the travel planning process. Having a customized travel portal will not only make it easy for employees to plan their travel but also make the travel budgeting simple and easy. This will save significant cost and time for the company.

The Universal travel app designed by QuadLabs is a mobile application that supports all the travel requirements of a company. This travel booking app has all the features that a web application of a travel management system has. Installing this device enables users to access their entire travel plan on their smart device. Some of the features that make this app stand out among its competitors are:  

1.       Self Booking Tool: This tool has the capability of searching the best available options for travel bookings. Executing a booking is also a simple and effortless task through this tool. This app empowers the user to execute multiple booking from different vendors through a single interface.

2.       Duty of Care & BI Dashboard: Since all the bookings are centralized, it is easy to track the whereabouts of an employee during an emergency and ensure his or her safety. The BI dashboard can be used to analyze travel trends, expenses, and data to improve company’s travel management process.

3.       In Destination Content: Multiple other services like Taxi, mobile eticket, Airport Lounges, Air ancillaries, expense reports etc. can be easily booked. This not only saves time for a user but also gives him the flexibility to choose these services as per his requirement.

4.       Expense Management: Various financial reports related to the travel are easily generated and stored in app’s database itself. Moreover, approval workflows, policy details etc. can also be accessed from the app itself giving the flexibility of on the go usage, thus saving time and energy of the user.

5.       Policy Management: A company’s travel policies can be integrated into this tool itself. This helps the company to control travel violations as per its policy and prevent exuberant bookings being executed by any employee. Having destination and department specific approval workflows gives more control on all the travel bookings being executed.

6.       Ancillary Services: Various in-flight ancillaries like meals, WiFi, seat selection are also enabled through NDC. Even hotel and conference room bookings can be done using this app.

This mobile booking engine is centralized and executes the travel bookings efficiently. Its end-to-end automation system ensures error-free execution. Various tasks like travel finance reports, invoice generation, real-time supplier connectivity etc. are flawlessly handled by this Universal travel app. Getting this tool for your company would be very helpful in optimizing the travel budget by saving time and cost.

Why there is a phenomenal requirement of corporate booking tools

With expanding economies, many companies have started selling and trading internationally. They have offices in multiple cities to cater to their customers’ requirements and expand their business as well. Maintaining multiple offices and outlets is expensive and companies sometimes end up cutting their travel expenses to maintain their profit margin. This led to the development of corporate booking tools that saved the companies a lot of money for their travel bookings. These tools have now become an integral part of global businesses and providing them with hassle-free travel management services. The businesses are able to focus more on work rather than spending time on unproductive travel management work.

Having a customized corporate booking tool for your company will be a great add-on for employees travel management. Below mentioned points are few benefits that having a corporate management system has:

1. Cost saving: Use of corporate travel booking tool has a big impact on direct saving by reducing the booking agencies involvement in the travel management process. Having this system also gives an employee enough prior time to book tickets by taking advantage of the cheap rates and fares. 

2. Ticket Booking Ease: Going through travel agencies and travel websites for booking can be strenuous for travellers. These sites are more suited for holiday and leisure trips, but booking business trips isn’t the most beneficial through these portals. Moreover, creating financial reports with the right tax allocation isn’t possible on these portals. Hence, having a dedicated corporate travel booking tool is necessary to track all the intricate details. 

3. Travel Policies integration: Compliance policies can be integrated in corporate booking tool which makes it easy to track any discrepancies in travel bookings. Travel authorizations become easy and trip approval process becomes easy for the managers. This streamlines travel management and saves a lot of unproductive time waste. Having policies makes the auditing process easy as well.

4. Keeping Travelers safe: Having a corporate booking tool provides an interface to book, track, and record the travel trips for all the employees in a single portal. The management can keep a track of the travelers location to ensure their safety and send them local contacts in case of an emergency. Keeping employees safe is very important in the current fickle world.  

5. Data analysis:- Since all the booking are recorded in a single portal, all the travel finances and bookings can be analysed that help the company in reviewing travel trends and minimizing costs. These insights really help the business to work in an optimized manner.

These are just a few benefits that the companies get by having a customized corporate booking tool. If used to its full capacity this tool can contribute a lot towards cost savings and efficient travel management. Get these corporate management systems for your company for all your travel needs and let the employees spend more time productively towards office work. Not only your employees will be happy but your office yield and productivity will increase exponentially.