Corporate Travel Expense Management

Corporate travel expense reduction and optimisation, relationship development between companies and their travel agent, strategic supplier negotiation and relationship management, Travel Booker and Traveller training, implementation of corporate card programs, sourcing of benchmarking specialists/expense management tool/online booking tool, reports and scorecards

You can find more detail in the case study section.

Why corporate travel audits?

Corporate companies spend large amounts of money on business travel for their personnel. Often it becomes difficult for a large company to keep track on its business travel expenses. Even if your company uses a Travel Management Company (travel agent) an unbiased, independent audit is required to ensure that the travel program covers the needs of the company and achieves maximum savings.

At TravelStream we provide independent analysis, audit and recommendations to maximise savings on business related travel. We can work in conjunction with your current travel agent to achieve any KPI’s set between the company and the agency.

By using the services of TravelStream you can effectively reduce your travel spend without the need of a full-time Travel Manager within your company.

Travel audits include:

• Analysing of travel pattern and booking behaviour
• Review of travel policy and compliance levels
• Review of supplier contracts
• Internal booking processes
• Review of TMC service level
• Transaction vs. management fees
• Revenue return from the travel agent to your company
• Does your travel agent add value to your business?
• Do you have sufficient reporting available to keep track of your spend?
• Review of existing online booking tool
• Source suitable online booking tool
• Goal and KPI setting
• Scorecards
• Provision of executive summary outlining how to move forward with program optimisation.

Traveller and Travel Coordinator training

One of the most effective ways to save travel costs is by educating and training travel bookers and frequent travellers. By having an understanding how booking behaviour affects cost travellers can have a big impact on savings by making smarter choices.

TravelStream offers 1:1 training, ‘Lunch & Learn’ sessions or any style of training suitable to your business structure.

Travel sessions cover these topics:

• Advance bookings and impact on cost
• What is ‘Best fare of the Day’?
• Changes and airline credits – how to use them to your advantage
• Different fare types – which one is best?
• Savings opportunities
• General Travel Industry Terminology and Jargon
• Changes after commencement of travel
• Hints & Tips
• Visas

Are you feeling the stress of reducing travel spend in the current economic climate?
 Contact TravelStream here ……….
We can help you achieve your targets in the current economic climate.