Insight Through Analytics

Through our robust suite of travel reporting tools, your critical data is accessible in real time—giving you access to key reports, 24/7/365. There are multiple reports available as well as customized reports your account manager will help create for you.  Every customer has unique needs and we realize one size does not fit all.  We will consult with you to see what reports are being done manually and what information is needed to run your travel department efficiently.

Travel Leaders benchmarking and analytics suite gives you extensive insight into all of your data. It allows you to easily change views and drill down into information on industry trends, benchmark your activity, review actionable advice, and track your progress.

Data is critical if you want to successfully manage corporate travel. But of course, it’s not just about having access to data, it’s about the quality of data and what you do with it.

Essentially, travel managers must be equipped to predict and influence future actions and trends rather than just recording what happened in the past.

Intelligent analysis of corporate travel data will reveal patterns of employee booking travel expense claims – both good and bad. Travel Leaders will help your company improve by putting policies in place to improve the bottom line.

So here are 3 ways to make the most of your corporate travel data, in order to be more accurate, productive and cost-effective in travel budgeting and forecasting:

1. Intelligent travel booking

Travel Leaders will be able to take a look at the most frequently used routes, accommodations and tariffs to identify your employees travel preferences. This data can help you understand where you could reasonably seek to negotiate better rates and what to prioritise when you select new locations, providers and partners.

2. Transparency

Real-time travel and expenses data combined in the same platform can provide 100% transparency into all travel bookings. You will be able to drill down to see what was reserved vs. what was expensed.

If you identify non-compliant behavior, you can drill down into the data to check if its occurring anywhere else.

It’s also important to remember that pre-booked transport and accommodation charges alone don’t give you the full picture for travel budgeting. You need to include spending on food, local transport and sundries from other receipts and categories so you can see the complete trip expenditure. An integrated corporate travel booking and expenses system means all this data is held in one central repository, so it’s easy to calculate the total cost of the business trip.

3. Predictive Analytics

Last but not least, budgeting. Predictive analytics process high volumes of historic data, right up to the present moment, to show you how spending patterns and travel and expense choices are evolving. Powerful algorithms can extrapolate this to predict future expenditures and highlight likely areas of change, enabling accurate travel forecasting.

With forward visibility, you can plan travel budgeting, assess supplier value and check you have provisions for emerging requirements – the modes of transport, accommodation and services in appropriate locations that your employees will need to do their jobs effectively.