{"id":5057,"date":"2016-03-28T09:01:48","date_gmt":"2016-03-28T09:01:48","guid":{"rendered":"http:\/\/acendas.sitesbysix.com\/?p=5057"},"modified":"2016-03-28T09:01:48","modified_gmt":"2016-03-28T09:01:48","slug":"the-4-pillars-to-a-successful-managed-travel-program","status":"publish","type":"post","link":"https:\/\/acendas.com\/corporate\/the-4-pillars-to-a-successful-managed-travel-program\/","title":{"rendered":"The 4 Financial Strategies to a Successful Managed Travel Program"},"content":{"rendered":"

A managed travel program has\u00a0many benefits<\/a>\u00a0beyond cost savings and enhanced productivity. As travelers require a more tailored experience, mobile and social policies are crucial to a successful managed travel program. However, the essentials of a travel program, must work for a corporation to regulate spend, guarantee traveler protection, and manage supplier service levels.<\/p>\n

Creating a strong travel management company (TMC) relationship at the commencement of the project is vital to success of the program. Travel and expense is one of the three largest controllable expenses. Acendas recommends the following four key financial\u00a0strategies to be incorporated at the foundation of a managed travel program:<\/p>\n

    \n
  1. Generating a greater return on investment.<\/strong>\u00a0Do you know where your travel dollars are going? A TMC can obtain, observe, and examine travel expenditures in order to proficiently recognize and understand possible program savings. A TMC should assist companies with consolidating purchasing, driving compliance, monitoring and analyzing spend, and leveraging suppliers is all part of a Managed Travel Program and your\u00a0Return on Investment<\/a>.<\/li>\n
  2. Controlling spend.\u00a0<\/strong>As travel requirements constantly change, your TMC should provide you with strength, flexibility, and resources to help\u00a0manage and control<\/a>\u00a0your travel costs.\u00a0<\/strong>Your data should be leveraged to help you better identify, visualize, and mitigate financial risks from your travel program.<\/li>\n
  3. \u00a0Examining data.\u00a0<\/strong>Is your travel program data\u00a0analyzed and actionable<\/a>? Reporting tools should provide companies with\u00a0consolidated, analyzed, and actionable data<\/a>\u00a0needed to quickly address policy compliance issues, strengthen supplier negotiations, and maximize travel program performance. Your TMC should be helping your interpret data and provide recommendations for improvement.<\/li>\n
  4. \u00a0Leveraging preferred vendors.<\/strong>\u00a0Through preferred partnerships and negotiated contracts, a company will see upfront savings. In addition, benchmarking assists with vendor negotiations to find suitable contract savings that meet the corporation\u2019s requirements.<\/li>\n<\/ol>\n

    Would you like to start addressing your company\u2019s bottom line? For additional best practices to corporate travel program cost savings, click here<\/a>\u00a0to download our white paper on Implementing a Managed Travel Program.<\/p>\n

    Is a managed travel program the best move for your company or do you need a new solution to make a better impact<\/a>?<\/p>\n","protected":false},"excerpt":{"rendered":"

    A managed travel program has\u00a0many benefits\u00a0beyond cost savings and enhanced productivity. As travelers require a more tailored experience, mobile and social policies are crucial to a successful managed travel program. However, the essentials of a travel program, must work for a corporation to regulate spend, guarantee traveler protection, and manage […]<\/p>\n","protected":false},"author":5,"featured_media":5491,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,68,24,25,28],"tags":[97,122,123,124],"class_list":["post-5057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-account-management","category-blog","category-corporate-travel-management","category-cost-savings","category-travel-policy","tag-corporate-travel-management","tag-cost-savings","tag-managed-travel-program","tag-return-on-investment"],"yoast_head":"\nThe 4 Financial Strategies to a Successful Managed Travel Program - Corporate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acendas.com\/corporate\/the-4-pillars-to-a-successful-managed-travel-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 4 Financial Strategies to a Successful Managed Travel Program - Corporate\" \/>\n<meta property=\"og:description\" content=\"A managed travel program has\u00a0many benefits\u00a0beyond cost savings and enhanced productivity. 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