As corporate travel is getting back on its feet post pandemic, more and more companies are adopting business travel management software to manage business trips better. As a result, the travel management solution market is expected to grow up to $17.4 billion in 2030.
However, since it’s such an essential part of managing overall corporate travel, it should never be an either/or situation when picking up the right travel management tool. There are certain key features you should look for while selecting travel software for your organization.
For instance, a business travel management software should have an extensive & global inventory of safe hotels and airlines sourced from the Global Distribution System (GDS). The GDS collects, aggregates, and analyzes travel data from multiple vendors. This solves for the employees as they can get a wide range of cost-efficient travel inventory and travel management tools on one platform.
Here are some other features to look for in the best travel software:
A business travel booking software should be easy to use so that it offers employees a delightful travel booking experience. To ensure ease of use, look for the following features:
The business travel booking software should have a user-friendly user interface. Employees should find it convenient to see all available flights, approval status, and book travel as per the travel policy- all in one window. They should get to what they need quickly, easily, and without any instruction manual.
Apart from a desktop for bookings and expense filing, the business travel manager software should be available on a mobile app to make tracking and managing travel easier.
The mobile app can help your employees to request travel bookings and check the status of their requests on the go. Moreover, they can file travel expenses in real time by clicking and uploading pictures of the receipts instead of preserving physical copies until they return to the office.
When selecting travel management software, knowing which features matter to you is necessary. Make a list of such features.
Here are some essential features.
The business travel software you choose should not have any setup costs, and the vendor should be able to set it up within no time. Additionally, the software should not require any over-the-top technological upgradation- It should run smoothly on laptops with basic configuration.
Your business travel software should keep the data accessible to employees and be up and running 24/7/365. Moreover, the best travel software provider should offer prompt technical support in case of any issues with the functioning of the software.
The business travel management software should be totally or partially cloud-based. With cloud computing service, your employees can access the software anytime, anywhere, with an internet connection.
Additionally, cloud-based software systems are scalable on demand. Therefore, you can add additional employee data and manage extra travel requests without any added costs.
Travel data is required across multiple departments for various purposes. For instance, the finance department needs travel data for complete and timely reimbursement.
Therefore, the business travel software should offer custom integrations or API so you can integrate it with other systems, such as ERP, HRMS, accounting solutions, etc. for seamless data sharing.
Unclear travel policies can cause hassle while booking and expense filing. If the policy terms are too generalized, the employees might not understand them properly and end up violating the policy unknowingly.
Therefore, the travel management system should offer the flexibility to configure complex flows for various scenarios so that your employees are aware of the policy limits.
For instance, if an employee is traveling internationally, the software should show expense limits or per diems according to the destination as per your company’s travel policy.
One of the major reasons behind low travel policy compliance is that employees are not aware of the changes in the policy and cannot view the guidelines in real-time.
Therefore, your business travel management software should reflect the changes you make to your corporate travel policy in real-time. So, it’s visible whenever an employee books a trip.
For instance, you can change the time taken for approval from 24 hours to 48 hours instantly, failing which the request would automatically get canceled.
Unclear travel request approval workflows can cause unnecessary trip delays. Moreover, if the employees don’t know who will approve their travel request, they might send it to the wrong authority. This might lead to the request getting stuck in an endless back-and-forth, wasting everyone’s time and energy.
Therefore, while choosing a business travel software, ensure it includes customizable complex approval workflows so that the employees know when to take approvals and if there are any exceptions.
The business travel management solution you opt for should help you keep up with your duty of care obligations by implementing employee safety procedures, such as –
Select travel management software that enables you to tag a hotel safe and compliant according to WHO’s global safety standards. Moreover, the business travel booking software should also allow the blacklisting of hotels that provide sub-standard services or are unsafe for travelers. This way, you can ensure your employees are staying in a safe place every time they travel.
The business travel management software should have a feature to track where your employee is at any given time – whether on a business trip or commuting to the office. This will help your travel managers to intervene and help your employees in case of any emergencies.
The business travel booking software should enable you to block unsafe cities/accommodations from being searched by employees. For instance, with ITILITE Shield, you can lock a city, hotel, or airline that you deem unsafe for employees.
Employees might need support at any given point during their journeys. Hence, the business travel management software provider you choose should offer support proactively, no matter what time of day it is.
Also, it is equally critical to ensure that they provide support through easily accessible channels such as chats and calls. In case of emergencies, your employee should be able to reach out to an agent directly instead of through chatbots.
The business travel management software you choose should offer advanced reporting on the T&E process. Choose software that helps you with:
Your travel management software should deliver data-driven insights on the ways you can save travel costs and increase policy compliance. Some business travel management software tools come equipped with a virtual travel consultant that can deliver such insights.
A virtual travel consultant like ITILITE Mastermind can collect and analyze your company’s past travel data and compare it with the industry’s benchmarks to tell you how much you can save. Moreover, it can also give you actionable steps you can take to increase savings.
You should get real-time updates on what’s going on in your T&E process through your business travel software. Also, it should allow you to identify patterns and trends to make smarter decisions.
For instance, you should be able to look at the monthly booking cancellations that might be increasing your travel costs. With the help of this data, you can determine whether there were any unnecessary cancellations.
Moreover, you can make changes to your travel policy to incorporate clear guidelines about valid and invalid reasons for cancellation. This can help your employees avoid any unnecessary penalties.
As a travel manager, you should be able to view all the travel-related information in a consolidated manner. The reporting should be:
Having all this information on a single platform will make it easier to fetch the data you want whenever required. Therefore, you can make insightful decisions and accomplish your travel goals seamlessly.
According to a study, business travel is responsible for 2% of global carbon emissions. Hence, it is high time companies take accountability and work toward reducing their environmental impact through sustainable business travel. While opting for travel management software, ensure it aids your sustainability goals. Choose a software solution that provides features like carbon footprint tracking and reporting. With this data, you can analyze your negative environmental impact and take corrective actions by implementing a green travel policy.
The software you use to book and manage travel can greatly impact your experience as a travel manager and every employee traveling for work. A business travel management app or platform should enhance the user experience while eliminating errors and reducing expense overheads.
ITILITE is a SaaS-based travel and expense management platform with an easy-to-use interface and a wide range of travel inventory. With ITILITE, you get lightning-fast booking, seamless expense filing, advanced travel analytics, 24/7 support, and much more.
Download this checklist to compare the essential features of various business travel management software. Choose the one that best fits your needs. You can also use it to assess if your current provider has the key attributes.
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