The Simple Guide To Corporate Travel Management
From initial booking to submitting expenses, managing corporate travel can be a full time job. Lola.com breaks down the 5 ways to manage corporate travel and the pros and cons for each solution.
Every day thousands of business travelers hit the road (or the skies) to meet with clients or co-workers from across the country. Traveling for work is a massive business, in fact the corporate travel industry is a 1.6 billion dollar market.
But corporate travel isn’t only a huge industry — it’s also a significant business problem for many companies. Managing those thousands of itineraries and countless receipts and endless expense reports is a time-consuming, but important job.
How do companies handle this unwieldy problem? Lola.com identified just 5 ways.
So today, we are releasing Lola.com’s Simple Guide To Corporate Travel Management.
This is a comprehensive guide covering all of the ways your business can manage corporate travel. From the booking process all the way to reporting the trip to your finance team, we break down the pros and cons of each solution.
Here’s what you can expect from each solution:
Unmanaged Corporate Travel
Also known as the ‘wild west’ of business travel. Unmanaged travel treats your travel process with the same degree of structure as employees booking a personal vacation to the Bahamas. But does it give your employees a better experience booking on sites that they are already used to?
Corporate Travel Manager
Employees wear many hats at small companies. If you’re traveling a lot, having a dedicated corporate travel manager on site could save your team time and money. Can hiring a full time employee to manage your teams travel create more or less headaches?
Corporate Travel Agency
The option to outsource is an enticing one, especially when your team is constantly heads down at work to begin with. We dive into if relying on a 3rd party corporate travel agency to manage your teams travel can save you time in the long run.
Having a one stop shop for all of your business needs is an enticing goal. Learn why companies are using enterprise software to manage their travel and the pros/cons of doing such, and if looping your travel into these systems is the way to go.
Corporate Travel Software
Explore how companies use Lola.com and other corporate travel software platforms to streamline booking, management, and reporting of all of their travel.
Want to learn more about the pros and cons of these corporate travel solutions?
Check out our FREE eBook: The Guide to Corporate Travel Management
How does your corporate travel policy stack up?
Posted byConnor Gross