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Corporate Travel Made Easy with a Travel Management Software

Updated on: 25th Jun 2024

3 mins read

In such a fast-paced and ever-changing industry, how can companies of all sizes ensure they are finding the best balance of travel value and cost savings? A good travel management software (TMS) helps an organisation realise cost savings, all the while optimizing value, safety and efficiency. The software enables users to plan and record travel expenses. However, this is just the tip of the iceberg; the benefits of a Travel Management Software go much deeper. Companies can use the software to simplify purchasing decisions and centralize records of their employees’ travel expenses. Accountants and managers will receive reports and reimburse employees for major travel expenses borne.

This blogpost looks to evaluate the benefits of a Travel Management Software for a business, with profound impact on all parties involved:

Major savings by your side

The biggest advantage of a TMS is the biggest saving benefits. However, many businesses miss out on valuable savings owing to one reason or another. A robust and enterprise-ready software can make a huge difference to the bottom line.  The software that can reflect negotiated rates and ensure businesses get the most from their journey improves the travel experience and allows company owners to spend smartly without compromising on employees comfort.

Communication itinerary changes, travel approvals instantly

Modern business travel runs on communication. Communicating with airlines, accommodation providers, clients, and most importantly accountants and managers. A travel management platform keeps all of these details in one place, streamlining the process and giving valuable time back to the traveller. Travel partners equipped with effective management software can communicate itinerary changes, approvals, security information and general correspondence quickly and efficiently to the corporate traveller. This allows them to concentrate on the reason for their trip and leave the rest.

Well defined travel policies

Users get to see the most updated travel policies documented in the system which state vital information like maximum claim limits according to their role in the organisation and also specify whether it is a domestic or international stay. In addition, users can also state their preferred locations, hotels and other preferences according to the various plans laid out. All this can be done conveniently without any hassle.

In addition, the travel software simplifies the analysis and reporting of an internal travel policy, visualising areas of opportunity with speed and accuracy and giving peace of mind that the user has the very best service and deal at the end of the day.

The next time you are in the market for a full featured travel management software, ensure that you keep these points in mind and have your bases covered. For more on corporate travel solutions, check out HROne travel management software that saves you time and give you the best bang for the buck.

Bhim Singh Bhandari

Manager (Accounts & Taxation)

Bhim Singh Bhandari is a Manager of Accounts & Taxation at HROne, where he manages a full range of tax services and ensures strategic tax planning. He reviews complex income tax returns, coordinates audits and disseminates his knowledge of accountancy and taxation, like payroll and compliance, to various company leaders and managers.

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