Benefits of a Corporate Travel Policy
First off, what is a Corporate Travel Policy?
A Corporate Travel Policy is a personlised document for businesses that details the parameters and guidelines pertaining to their corporate travellers. A detailed Corporate Travel Policy will cover who your account manager is, travel booking procedure, preferred suppliers i.e hotels, airlines or car hire, expense management and reporting. A good Travel Policy reflects the unique needs of a business and their employees helping them meet their targets and expectations.
Why would I need one?
On-the-job travel management is often a complicated issue for most small and medium-sized companies as they fail to realise the importance of a Corporate Travel Policy for their employees.
If reports published by several leading travel associations and others are to be believed, many businesses without a Corporate Travel Policy could be easily missing out on extensive savings.
Why have a tailored Corporate Travel Policy? A Travel Policy streamlines the entire travel booking process to save a company time and money. A typical Travel Policy helps you gain better insight into expense and travel data. In addition to this, it helps you get complete and transparent control over what is booked and spent by your travellers. Travel Policies are also beneficial to pre-approve trips before they are booked and address duty of care requirements.
It is no surprise to anyone, bookings that aren’t monitored, increase admin and merchant fees along with a surge of the associated service charges. Therefore, every business (small or large and irrespective of industry) must understand the importance of a Corporate Travel Policy.
One of the best things about a Corporate Travel Policy is that it doesn’t have to be complex. A dedicated travel manager can help you create one so that your business can reap the advantages of control, cost reduction, traveller information and travel management. It provides a solid foundation to your program, ensuring continuity of service from a travel professional who knows your requirements inside out. Individual Travel Policies are designed to facilitate business travel, maintain efficient processes, manage costs and create clear, fair and streamlined procedures for your employees.
A dedicated travel manager is the best person to evaluate your present travel expenditures by tailoring an effective and realistic policy to consolidate your travel expenses. Allowing you receive better control of your budget, increased negotiating power and save money irrespective of how many employees travelling every month.
With a Travel Policy in place, all elements are covered in relation to your travel services. Not only this, a Corporate Travel Policy integrates comprehensive traveller profiles for all employees resulting in substantial cost savings. Furthermore, Travel Policies are known to easily manage the otherwise complicated process of travel arrangements by overseeing every little detail without feeling the time, effort, and money associated with it.
Have you got a Corporate Travel Policy in Place? Speak to us today about how we can tailor one for you!
Since 1989, Pulse Travel has focused on efficiently reducing client’s Corporate Travel budgets, whilst policing Corporate Travel Policies thus saving both time and money. Make sure you follow our linkedin page ‘Pulse Travel’ for insightful information and how we can help you reduce your overall corporate travel spend.