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.
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