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

How important it is to have Expense management along with travel management for corporates?

Cost is becoming a very important area of concern for various companies. With so much fierce competition in the market, the price of their product defines the revenue and profit margins. Higher the company expenses lower the profit margin gets. Since travel budget is the first impacted during cost cuts, having an expense management system integrated with travel portal is a must for corporates. This not only helps in streamlining the travel budget but also helps in cutting down unwanted expenses during corporate travel. Having a customized travel management system helps a lot in maintaining an efficient travel budget for the company.

Since business travel has become a part and parcel of the current corporate world, a dedicated travel management system is necessary to support the travel plans. QuadLabs which is a corporate solution provider company has such travel portals that are highly efficient in handline expense management. If your team works on a tight budget, then the below benefits of this travel management system will help you in running lean.

1  .    These tools are integrated with end-to-end automation technology and are self-sufficient in booking travel itineraries as they connect directly to the airline base through NDC.

2  .       All the policies and approval workflows can be easily integrated into these tools and customization is simple. This prevents any unwanted travel bookings that defy any company policy either compliance or integrity.

3  .  All the travel transactions can be tracked and usHow important it is to have Expense management along with travel management for corporates?

Cost is becoming a very important area of concern for various companies. With so much fierce competition in the market, the price of their product defines the revenue and profit margins. Higher the company expenses lower the profit margin gets. Since travel budget is the first impacted during cost cuts, having an expense management system integrated with travel portal is a must for corporates. This not only helps in streamlining the travel budget but also helps in cutting down unwanted expenses during corporate travel. Having a customized travel management system helps a lot in maintaining an efficient travel budget for the company.

Since business travel has become a part and parcel of the current corporate world, a dedicated travel management system is necessary to support the travel plans. QuadLabs which is a corporate solution provider company has such travel portals that are highly efficient in handline expense management. If your team works on a tight budget, then the below benefits of this travel management system will help you in running lean.

1  .       These tools are integrated with end-to-end automation technology and are self-sufficient in booking travel itineraries as they connect directly to the airline base through NDC.

2  .       All the policies and approval workflows can be easily integrated into these tools and customization is simple. This prevents any unwanted travel bookings that defy any company policy either compliance or integrity.

3  .       All the travel transactions can be tracked and used for analysis. Based on the insights generated the business make updates or change their travel policy to suit the business needs. This helps the company to track the travel budget as well.

4  .       The booking reports are generated by the tool itself and stored securely. They can be easily accessed from the portal. This helps the employee in managing his or her expenses during the trip and avoid unwanted costs. Moreover, submitting these reports is straightforward and can be done directly from the tool.

5  .       Since the bookings are in a centralized system, the company authorities can track the location of an employee in case of an emergency and help them as and when needed. This keeps employees safe and secure in this fickle world.

6  .       This tool has a smartphone application available for both android and ios operating systems, hence accessibility during travel time is not an issue with this tool.  

      These are just a few benefits that a company gets when they opt for a customized travel management system. With so much focus on cost and lean working, this expense management system not only helps in optimizing travel costs but also prevents policy violations that may cause huge fine to a company. Time is money and this tool just does that by streamlining the corporate booking process. These centralized, automated, and secure expense management systems are the right choice for the business in the current scenario to save cost and time. Hence, wait no more and get in touch with QuadLabs and get a customized version of the travel management system that suits your requirement.ed for analysis. Based on the insights generated the business make updates or change their travel policy to suit the business needs. This helps the company to track the travel budget as well.

4  .       The booking reports are generated by the tool itself and stored securely. They can be easily accessed from the portal. This helps the employee in managing his or her expenses during the trip and avoid unwanted costs. Moreover, submitting these reports is straightforward and can be done directly from the tool.

5  .       Since the bookings are in a centralized system, the company authorities can track the location of an employee in case of an emergency and help them as and when needed. This keeps employees safe and secure in this fickle world.

6  .       This tool has a smartphone application available for both android and ios operating systems, hence accessibility during travel time is not an issue with this tool.

These are just a few benefits that a company gets when they opt for a customized travel management system. With so much focus on cost and lean working, this expense management system not only helps in optimizing travel costs but also prevents policy violations that may cause huge fine to a company. Time is money and this tool just does that by streamlining the corporate booking process. These centralized, automated, and secure expense management systems are the right choice for the business in the current scenario to save cost and time. Hence, wait no more and get in touch with QuadLabs and get a customized version of the travel management system that suits your requirement.

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.