Lola Blog

Software-as-a-Service (SaaS) startups is a booming industry, and today, Lola.com puts new stakes in the ground as one of the hottest SaaS startups around. American Express Global Business Travel (GBT) is recognizing Lola.com as the modern, super-simple app that business travel customers in the small to medium market have been seeking.

BOSTON – Nov. 8, 2018 – Rachel Neasham, Director of Product at Lola.com, Agile Travel Management™, is presenting at the Phocuswright Conference, taking place on Tuesday, November 13 – Thursday, November 15, 2018 in Los Angeles. Krista Pappas, Senior Vice President of Business Development at Lola.com is a LeadHer mentor for the Women's Leadership Initiative at the event.

A good travel policy is a good thing. But why not make yours great? Leaders shoot for the moon, right? And, frankly, your travel-weary employees would love to know that you’re polishing your policy in order to improve their experience. A great travel policy greatly benefits your admin and finance teams, too, and it can save your company a bundle in wasted time and money. Everyone’s a winner.

How much is your organization spending on corporate travel? A lot, probably. For a typical company, travel is the single-highest controllable expense behind labor. Wouldn’t it be a financial coup if you could reduce that cost by as much as 20%-30%? You can, says the Journal of Business Ethics. All you have to do is improve compliance with your corporate travel policy.

The best corporate travel policy for your organization will be unique to you because your company’s travel reality is different from other firms. What you include in your policy will depend on who in your firm is traveling, why, and where. But what you leave out is as important – maybe even more so in some cases – as what you put in.

A corporate travel policy is a tool designed to help both employees and company executives make effective decisions. It explains what you expect from traveling employees and what they can expect in return.