When organizations plan to negotiate business deals to secure opportunities, it will involve traveling to frequent trips to attend corporate meetings. When you travel to faraway destinations, you need to construct a travel itinerary and budget plan. Also, it should be a priority to record every travel cost that you or your employees would make during the travel. Save the trouble for this process by utilizing travel management software.
12+ Travel Management Software
1. SAP Concur
6. Certify Expense
7. Uber for Business
10. Upside Business Travel
What Is a Travel Management Software?
Travel management software is a business tool that helps corporations to book tickets and manage travel plans. Through this program, you can make your arrangements online. This travel technology plays a crucial role in helping the finance team. It supports them in keeping track of the travel expenses of employees on their business travels. Also, it will assist them in managing the costs reports of various employees in one place. The scope of the software services includes handling billing and invoicing, summarizing expense reports, and taking care of employee reimbursements. In addition, this online platform is essential in generating and revising your strategic planning and business techniques.
Travel software brings a lot of benefits to the companies that use it. It minimizes the use of resources and, at the same time, shortens several exhausting travel processes. That said, with these online travel management platforms, you can have these advantages:
- Smooth travel procedures
- Comprehensive financial reporting data
- General awareness of budgeting requirements
Managing travel arrangements can stretch to other trip necessities, such as searching and booking hotels and checking transportation management expenses. In addition, it also helps an individual to analyze their inventory. Before you opt to use travel software, you should ensure to know its functionalities. Having enough knowledge about this can influence your decision on what software will suit your company best. That said, most travel management software has these features:
- Bill-tracking for efficient data collection
- Tailored policies for particular services
- Convenient payment processing methods
- Auto-save capabilities to record travel histories
- Customizable report features for administrators
- Offers advertising discounts and travel packages
Top 10 Travel Management Softwares
This software has about 300 employees and a total of 10 offices worldwide. Their software supports 6000 companies located in various countries. With all their efforts, they already visited 147 countries.
Expensify offers you software that handles payment and expense management systems. It started in 2008 and has a total of 130 employees. They have a total funding of 38.2 million dollars.
Divvy can offer you the services of accounting integrations and budget management. It started in 2016 and has monthly revenue of 8.3 million dollars, and employed 375 people.
Ezus is a software program that started in 2019. Custom programs, including itinerary creation and catalog management, are some examples of their services. The owner reported a monthly revenue of 20,000 dollars.
5. Web Expenses
Web Expenses is a travel software that started in 2000. Their system has supported 300,000 users worldwide. They have generated 10.2 million dollars of annual revenue.
6. Trip Actions
Trip actions is a corporate travel software that has served 5,000 customers and employed about 1,200 people. This software can help you book services and control travel costs.
7. Travel Banks
This software, Travel Bank, will offer you premium metric insights and streamline expenses. It started in 2015 and generated 7.5 million dollars of annual revenue.
Accounting automation and handling of employee debit cards are some of the services offered by Spendesk. It started in 2016 and reported total funding of 80.6 million dollars.
Lola.com software offers services in budget tracking and travel arrangements. They have estimated annual revenue of 17.5 million dollars per year and have 121 employees.
Travel Perk helps travel agents gain control and track dashboard reports. This software has helped about 3,000 companies and has reported 50 million dollars of revenue.
What is a travel management company?
Travel management companies deal and offer solutions to the travel needs of business organizations. TMC functions to use appropriate tools to look for affordable rates and fees in the market. Aside from ensuring a quality travel experience, their roles also include providing care support and negotiating contract management with rental vendors.
What are the differences between tour operators and travel agents?
Tour operators and travel agents offer a similar nature of services and work together. Despite that, these two have glaring differences. The former is responsible for booking and generating packages for travelers. On the other hand, the latter functions to tailor the services and packages offered by the tour operators to suit each client. These agents ensure that they can cater to the requests and demands of their customers.
Why do you need a travel itinerary?
Travel itineraries are documentations of the daily work scheduling and the specific appointments they need to attend. This form specifies the exact date and duration of each event. In addition, it outlines the means of transportation that the person should take to arrive at their next destination. It is an essential travel tool along with the trip planning programs.
Before travel software existed, employees used to craft expense forms and keep their receipts to get reimbursed. In addition, employers also have troubles regarding the expenses their employees make during their business trips. Good thing computer technology programs and the internet has offered organizations a solution for these existing problems. That said, if you are having these issues, it is the perfect timing for you to make use of travel management software.
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