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Businesses need travel management software to save costs through negotiated rates and improve team efficiency by automating tasks.
It also ensures traveler safety with real-time tracking and emergency assistance.
It is also difficult to optimize travel itineraries for maximum productivity and minimum disruptions.
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It offers an effortless self-serve experience to employees and provides high-quality support to businesses.
Using Navan, companies can control travel expenses by implementing dynamic policies.
Navan was founded in 2015 by Ariel Cohen and Ilan Twig.
It now has 2,900+ employees in 40 countries.
TravelPerk
Premium Business Travel Platform
TravelPerk enables smart and organized business travel booking.
TravelPerk was established in 2015 and boasts 1200+ employees in 8 offices in the US and Europe.
It has over 6000+ customers worldwide.
Companies can leverage its tax-free reward incentive feature to reduce their travel expenses.
Founded in 2016, TravelBank is a US Bank company that offers innovative fintech services.
It enables companies to book trips, monitor employee expenses, track card payments, and collect receipts automatically.
It offers features like unlimited virtual cards, expense claims, integrated budgeting, and invoice management.
Spendesk was established in 2016 to simplify expense tracking, business travel management, and subscription tracking.
This allows businesses to have greater control and visibility over their travel expenses while following standards and compliance.
SAP was founded in 1972, with over 105,000 employees in 157+ countries.
In FY 2022, its total revenue was 29.52 billion.
It integrates travel management and accompanying expenditures so companies can effortlessly capture expenses.
Happay was founded in 2012 and has 7000+ customers in over 20 countries.
What is Business Travel Management Software?
Business travel management software handles a businesss corporate travel processes.
BTMS aims to enhance the overall travel experience for employees and maximize productivity by integrating with otherbusiness software.
What are the Benefits of Using Business Travel Management Software?
Financial Insights
Business Travel Management Software allows companies to have complete control over their finances.
Providing detailed reports on travel expenses helps businesses reduce costs in every possible area.
Companies can also generate accurate travel budgets by analyzing historical data.
Minimize Errors
BTMS shares accurate and updated travel information that eliminates the risk of errors and delays.
With its automation, companies do not have to rely on manual data entry.
The software also provides real-time updates on employee travel that facilitate expense monitoring.
It automatically generates expense reports with relevant data, saving time and employee manual labor.
BTMS enables businesses to enforce company travel policies without manual intervention.
Approval Management
BTMS makes travel requests and expense approval seamless.
With visibility into the approval process, travel managers can track request status and approve them in time.
Companies can also adhere to compliance and regulations with the audit trail feature of BTMS.
There will beAI travel plannersto automate tasks, provide personalized recommendations, and analyze data.
Business travel management solutions will also include sustainability features to measure and reduce the environmental impact of business travel.
It will make integrating other applications more seamless for data accuracy and streamlined operations.
