As another year draws to a close, the two questions on most people’s minds are, what have I achieved, and what will I achieve in the coming year? Corporate entities are no different. The New Year brings with it old and new challenges, and companies have to be able to sit down and make a solid plan for the year.
That’s especially true for corporate travel managers. Now, we all know how beneficial business travel is for companies, but it requires a lot of time and resources. Here are a few expert tips from CrewFacilities that travel managers would be wise to pay heed to in the coming year:
Don’t Spend More Than You Need To. For most companies, what matters the most is making a neat profit at the end of the financial year and keeping the investors happy. And for that to happen, employees have to travel wherever they are needed to represent the company’s interests.
However, if the employees are allowed to spend as they wish during their corporate travels, the company will be unable to meet its budget goals. And how do you do that? By ensuring traveling employees maintain near-perfect travel policy compliance. This way, they’ll stay within budget and avoid overspending.
Enhance Traveler Satisfaction. What a few companies don’t realize is that employee satisfaction goes hand in hand with travel policy compliance. If the employee isn’t satisfied with what their travel manager has provided for the trip, chances are they’ll spend more than they were supposed to.
While a travel manager may be unable to provide everything the traveler needs, CrewFacilities definitely will. After years of flawlessly executing tons of business trips, we are able to provide a range of services that will keep traveling employees satisfied and that’ll ultimately promote travel policy compliance.
Track Your Unused Tickets. It’s all about keeping your overheads as low as possible, and tracking unused tickets is a great way to do that. Letting them slip by is basically throwing money away.
A lot of the time, people lose track of their unused tickets, but travel management companies like CrewFacilities.com have embraced technology, automate the entire tracking process. The system will track down all unused tickets to bank them for future use, thus keeping travel costs down.
Leverage Your Travel Spend. The importance of travel for businesses cannot be denied, but unlike a lot of the items that are budgeted for, travel is an expense with no immediate return value. The money spent on airline tickets, car rentals, and hotel rooms isn’t coming back anytime soon, so how do you make even that outward cash flow work for you?
Points! If your employees travel often, all that travel info is logged, and if you sign up for services like Delta Skybonus and United Perks Plus, your employees will earn points every time they fly. These points can be redeemed for flight rewards, and it’ll help maximize the company’s travel budget.
Don’t Forget About Vendor Discounts. Another resolution would be to get as many discounts as possible. Travel management companies (TMC) like CrewFacilities.com have a great track record negotiating discounts from travel suppliers. In fact, the GBTA estimates that partnering with a TMC can save a company between 5% and 50% of their annual travel expenses.
A new year is an opportunity to start afresh, to take stock of how far your company has come and where you want to go. The five resolutions above recommended by CrewFacilities will help companies optimize their travel budgets and maintain high levels of travel policy compliance, and ultimately, keep the overheads down. Better still, simply hire CrewFacilities.com as your TMC and you will enjoy untold benefits.