At Rocketrip, they hear time and again that, when it comes to corporate travel management, companies are anxious to control their costs but worried that tightening policies will harm their company culture. If this catch 22 is plaguing your thoughts, take comfort knowing that your priorities are in perfect order. Corporate travel is 67% more…
Research has shown that, in many organizations, Travel & Expense expenditures are the second or third largest item of controllable expense. Travel management companies (TMCs) plan travel, process reservations, fulfill transactions, support online booking tools, report data, implement technology, track travelers and provide support. They also consult, negotiate, facilitate, drive compliance and enable buyers to…
Working with a corporate travel agency for your business not only helps to fully manage your travel program effectively but adds value to your employees, upholds your requirement for duty of care and delivers savings through strategic negotiations on your behalf and access to a larger global network of airline, hotel and ground transportation discounts.…
With business models becoming more and more global, companies are increasing their corporate travel budgets to send their employees around the world. Obviously, having to travel to meet clients face-to-face is crucial for growing your business, but the increase in travel costs can create a serious dent in your company’s bottom line if you’re not…
The Importance of Corporate Travel Policies Does your company have a written, cohesive travel policy? Is the policy up to date? Does it address the needs of contemporary corporate travelers? These are key questions to answer if you’re a business owner or manager who is looking to create or update a company travel policy. We…
Traveling overseas gives you the opportunity to immerse yourself in new cultural customs and traditions. If your travels bring you to South America, you’re in for an exciting experience. No matter which of its countries you visit, you’ll encounter diverse, rich cultures. As with any business trip, start by ensuring you’ve made copies of your airline tickets and…
Two great threats to a business’s wellbeing and bottom line are subversive and unnoticed expenses. Most of these errors occur within an outdated system. Modern reporting features can track spending better, save you a great deal of money, and keep your travelers compliant. With its financial repercussions, unruly travel and expense management can’t be overlooked. Here are three T&E expense reporting features that will help you stay ahead of problematic spending. 1. Reporting Integration Integrating your T&E…
Last Room Availability rates (LRA) can often be “over-valued” and could be costing some companies up to $1 million each year in their hotel program. Research from Hotel Solutions (a CWT consulting arm) has shown a 5 per cent gap between the perceived and actual value of LRA – for a company that spends $20m…
Managing travel programs is a complex, time consuming process that involves ensuring travelers have a safe, pleasant travel experience while managing the variable finances associated with business travel. Today, with more and more travelers self-booking or going outside of pre-set policies, measuring travel spend becomes increasingly difficult. Expense reporting systems are giving travel managers vital…
The landscape of today’s competitive marketplace depends on executives, assistants, and travelers being able to conduct business throughout the United States and the world alike. As political climates shift within the U.S. and abroad, corporate travelers are subjected to emerging policies that affect the ability to increase their presence across geographical and economic borders. Working…