How to Get Control of Your Travel Spending with Travel Insights
At Insights, we provide Admins with powerful tools to gain control over travel spending within their companies. Our platform offers a range of features and customizable insights to help you manage and optimize your travel spending effectively. Here are some frequently asked questions to help you make the most of Insights:
1. How does Insights work?
Insights offers real-time access to all billed data, automatically updating every 24 hours. Even if a travel booking hasn’t been billed yet, it will be reflected in the system as soon as the billing information becomes available in the all transactions report.
2. What are Custom Insights, and how can I use them?
Custom Insights empowers you to tailor your analytics to your specific needs and data requirements. This feature allows you to make Insights work precisely the way you want it to. You can reach out to your customer success manager to get any custom insights ranging from unused credit reports, savings, policy violations, etc
3. What is Monthly Spend by Service, and how can it benefit me?
This insight provides an overview of all travel-related expenditures, including flights, hotels, and estimated spending like car bookings. You can filter the total spend by department and entity within your company, giving you a detailed view of your expenses.
4. Can I monitor specific travel spending patterns?
Yes, you can! Insights offer widgets for average flight spend, average hotel spending, and average flight cancellations to help you keep an eye on key spending categories.
5. How can I gain deeper insights into my company’s travel expenses?
Insights go beyond standard reporting with the following crucial insights:
- Top Departments by Spend: Gain a department-level breakdown of travel expenses and receive alerts on budget compliance, helping you control costs effectively.
- Top Travelers by Spend: Identify the top spenders in your company and understand their travel habits.
- Flight Booking Pattern: Determine whether travelers tend to book flights early or late. Late bookings can lead to higher costs, and Insights can recommend tighter approval rules to mitigate this. For company-wide savings, consult ITILITE Mastermind for savings recommendations.
- Airlines by Spend: Analyze the breakdown of spending across the top 10 airlines, helping you negotiate favorable rates.
- Top Flight Sectors by Spend: Discover which sectors have the highest spending in your company. This information includes spend, frequency, and average prices per booking, which can inform approval policies and cost controls.
- Top Hotel Locations by Spend: Identify the most frequently visited locations by travelers, helping you negotiate contracted rates and maximize savings.
We hope these insights empower you to take control of your travel spending effectively. If you have any more questions or need assistance, please don’t hesitate to contact your customer success manager.