How Corporate Travel Account Management Can Help Your Business

Depending on the size of your business and its travel requirements, you may consider it necessary to use the services of a corporate travel company.

Having a professional you can contact at any time to discuss any aspect of your organisation’s needs is useful to have. Proactive account management can help your business save time and money when compared to doing everything in-house.

Listed below are some of the main areas where effective corporate travel account management can benefit your business.

Help you implement a company travel policy

If your organisation doesn’t already have a formal travel policy, it’s a good idea to have one in place. Your account manager will be able to advise you on all aspects of this including things like employee security, preferred supplier lists, and codes of conduct when on company business.

A company-wide travel policy is a useful document to have as it will clearly lay out what procedures should be followed and how certain situations should be handled i.e. losing a passport while on company business.

Negotiating discounts

Having a dedicated corporate travel account manager means they’ll always be keeping an eye on costs. They should also have established relationships with many leading travel suppliers and be able to negotiate better rates on your behalf.

If your company is sending employees on hundreds or thousands of business trips each year, the savings can really add up.

Regular reporting

Having access to regular reports with the corporate travel information you need can be beneficial. For example, you can see at-a-glance how much was spent on flights and accommodation to specific locations and then measure that against the amount of new business generated (if applicable).

Reports provided by a corporate travel account manager could also include the number of trips made by each internal department and the method of transport used.

Establish a service level agreement

Corporate travel services providers should also be able to help implement service level agreements (SLAs) at the outset.

This means that you and your account management team will be in no doubt as to what’s expected from either side, so you can work together effectively.

KPIs or key performance indicators should also be agreed before working with a corporate travel services company so that a clear picture can be established as to how well your provider is performing.

Author Bio: Visit http://www.co-operativetm.co.uk/ to discover more about how effective corporate travel account management could benefit your business across the board.