Investment in corporate travel management helps firms generate incremental revenue. But corporate travel management is completely different from routine business travel activities and tasks. Firms streamline complex and distinct business processes by implementing travel management software.
The software makes it easier for employees to accomplish business travel goals by staying safe and stress-free. At the same time, it creates opportunities for employers to get higher ROI by controlling business travel costs.
Your company or startup has the option to choose from several software products for travel management. The software products primarily differ from each other in the categories of built-in features, tech solutions, and integration options. We are making it easier for you to automate a complex business process by discussing some of the leading travel management software solutions.
Overview of 7 Leading Software Products for Corporate Travel Management
ITILITE
The unified travel and expense (T&E) management software is launched by a leading travel management company. ITILITE boosts the business travel experience by allowing each employee to access an extensive and customized travel inventory.
Employees can use the software to book their choice of flights, accommodations, car rentals, and other business travel products at negotiated rates. Also, the software helps them manage various business travel risks by providing real-time information, travel support, and emergency assistance
At the same time, ITILITE helps the finance team to manage travel expenses incurred by employees more effectively. The finance team can use the expense management tool provided by the software to track, audit, analyze, and review travel expenses effortlessly.
At the same time, ITILITE boosts corporate travel management automation using new-generation technologies like artificial intelligence (AI), machine learning, and data analytics. Your firm can consider this leading software product to meet business travel needs and adopt business travel trends regularly.
TravelPerk
It is one of the travel management solutions that facilitate end-to-end travel management automation. Employees can use TravelPerk to book flights, trains, cars, hotels, and other travel products in minutes. Also, they can cancel bookings and reservations by paying 20% of the amount as fees or penalties.
The software helps employees manage business travel risks by delivering travel alerts and providing travel assistance. At the same time, the duty-of-care solution provided by TravelPerk helps firms ensure the safety and security of work travelers across travel destinations.
TravelPerk facilitates expense management automation by providing special-purpose tech solutions. Employees can use the tech tool to generate and submit automated expense reports. The finance team can use tech solutions to track, review, process, and audit travel expenses efficiently.
TravelBank
TravelBank automates corporate travel management by providing specialized tech tools for travel management, expense management, and card management. Employees can use the travel booking solution provided by the software to book their choice of travel products according to travel policy and budget.
The travel management software makes it easier for them to generate and submit automated expense reports after business trips. The finance team can use the expense management solutions provided by TravelBank to track travel expenses incurred by employees in real-time.
At the same time, the card management solution provided by the software makes it easier for them to track and review all transactions made by employees using corporate credit cards. The software reconciles corporate card transactions automatically by supporting corporate credit card synchronization.
Navan (Formerly TravelAction)
Navan features travel management and expense management solutions. The travel management solution enables employees to compare and book travel products by accessing a global travel inventory. Also, they can get travel support and assistance by contacting skilled travel agents or AI agents 24 hours a day.
At the same time, the expense management solution provided by Navan helps the finance team to track travel expenses and speed up reimbursements. They can use travel management software to get real-time spend visibility and make data-driven decisions by generating custom reports.
However, Navan does not provide data-driven insights to decision-makers using advanced data analytics solutions. It facilitates corporate travel management automation by providing specialized tech solutions for travel booking and travel expense processing.
TripCase
This travel management solution is developed as an individual mobile app. Both business travelers and travel managers can use the mobile app to manage and organize business trips on the go. A business traveler can use TripCase to create a travel itinerary by forwarding confirmation emails from airlines, hotels, car rental companies, and other travel suppliers.
The app creates business travel itineraries automatically by capturing information from confirmation emails. Also, it keeps business travelers informed by sending notifications and alerts. But TripCase does not come with features to facilitate travel management automation. It is popular with business travelers due to its seamless accessibility and usability.
GetThere
The travel management software helps users manage complex business travel programs using computers or mobile devices. Employees can use GetThere to book their choice of flights, trains, cars, and hotels using smartphones or tablets. Also, they can book the desired travel products at lower than market rates.
At the same time, GetThere allows travel managers to ensure travel policy compliance and run preferred vendor programs. But they have to integrate the software with an expense management solution to streamline travel expense management and speed up reimbursements.
Airbnb for Work
Many firms boost their business travel experiences by allowing employees to book homestays and other alternative accommodations instead of hotels. The corporate travel management software is popular with employees who prefer homestays to hotels at the time of business travel booking.
Airbnb for Work makes it easier for such employees to book homestays and boutique hotels. Employees can use the app to compare alternative accommodations based on reviews of other business travelers. Also, they can gather information and get assistance by contacting specialized agents deployed by Airbnb.
Conclusion
Corporate travel management is a multi-step business process. Some of these software products for corporate travel management automate specific steps in the process, while others facilitate end-to-end process automation. Hence, you must keep in mind your firm’s corporate travel management automation needs and goals while comparing these special-purpose software solutions.
