Corporate Travel Management: Can Your Program be More Cost Effective?
In today’s tough economy, more and more companies are looking for creative ways to increase their sales revenue without incurring the costs of travel, especially in light of increasing airfare, hotel and ancillary fee costs. Not only can smart demand management initiatives save time and money for your company, it also can reduce your company’s carbon dioxide emissions footprint by decreasing the amount of trips taken. Research indicates that an increase in employee productivity is quite possible as well. Below are five different demand management initiatives that can help your company save on its bottom line:
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Reduce non-essential travel and tighten the purchase requirements for business, first class and international tickets
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Drive employees to travel alternatives such as conference calls, web meetings and video conferencing
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Impose tighter mandates for booking with your preferred TMC and associated Online Booking Tools to enforce companies risk management procedures and ensure personal safety
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Reduce/eliminate non business critical Conferences & Events attendants
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Implement Carbon Footprint Analysis Tool to analyze buying decisions and sustainability implications
Download the case study below to see how Travizon achieved a 28% increase in savings for a leading developer of technical computing software for engineers and scientists. Savings/cost avoidance results were evaluated in comparison to the previous year by implementing strategic demand management initiatives with this strategic Travizon client:
