Companies with a strong travel culture view corporate travel as a form of strategic investment with concrete business value. Use of a well-managed travel programmes helps save them money while allowing their businesses to scale and grow.
But if you’re a smaller business or even a larger cost-conscious organisation, you may be worried about the cost of introducing a travel management company (TMC).
A study Harvard Business Review, Analytic Services in association with Egencia revealed that 51% of business leaders said their organisation had maintained control over expenses and reduced costs for the last year thanks to their strong travel culture and subsequent approach to travel management.
Efficiently managed, corporate travel delivers both ongoing savings and a return on investment.
“Here’s the brilliant thing about Egencia and the return on investment we get — the fee structure is low and what we make up in unused ticket management pays for it,” said JJ Giachetti, Corporate Travel Manager at Umpqua Bank.
You may also be interested in the Egencia white paper, Modernising travel procurement, and discover the ways in which CFOs and CPOs can both maximize travel revenue and minimize travel expenditures through technology-forward travel suppliers and the right policies.
With the current global health crisis, political uncertainty, and natural disasters, you may want to improve business travel safety a priority. Click here to know more.