What Do People Want in a Corporate Travel Management Solution?
A new study reveals a wishlist of what frequent business travelers and travel arrangers want from a travel management tool.If you had a magic wand and could fix any aspect of your professional life, what would it be? For many people, it would be corporate travel. Booking, managing and reporting on corporate travel can be a frustrating experience, especially without the right tools in place.
In fact, Lola.com recently learned just how bad the corporate travel situation is when we conducted an extensive survey of more than 1,300 frequent business travelers and travel arrangers. Their voices were heard loud and clear: 64% of travelers and 58% of travel arrangers believe that their companies’ travel management process is inefficient and costs time and money. These inefficiencies are costing businesses hundreds of hours and tens of thousands of dollars each year.
But there’s good news: new corporate travel management software options are emerging every year, and they’re getting better and better.
We wanted to learn exactly what these dissatisfied travelers and travel arrangers wanted from a travel management platform, so we asked them too.
In this post we’ll lay out what the data tells us about the ideal wishlist for travel management features, broken down by end user:
- Corporate travelers
- Travel arrangers
As corporate travel management technology improves, these are the features and functionality that are most important to travelers and travel arrangers.
What do travelers want from corporate travel software?
Unsurprisingly, frequent business travelers want software that makes it easier and faster for them to book & expense flights and hotels. They also want easy access to 24/7 travel support while they’re on the road and clearer (and automated) booking guidelines so they can more easily stay in policy.
In our survey, we asked about their corporate travel management solution wishlist from three angles:
- Time & money savings
- Job satisfaction
Let’s start by looking at efficiency.
What travel management features would help travelers be more efficient?
The data made it clear that tools that can help streamline booking, expensing and getting support would have a huge impact on their efficiency.
Are there different features or functionalities that would help travelers save their companies time and money on corporate travel?
What travel management features would help travelers save their companies time and money?
Inefficient travel management tools and processes aren’t just frustrating for travelers: they’re costing your company a significant amount of money. When we asked what a perfect corporate travel management solution would offer in terms of money-saving features, travelers had a lot of ideas.
But it’s not all about dollars and cents — inefficient travel management tools are also hurting frequent travelers’ job satisfaction.
What travel management features would help improve travelers’ job satisfaction?
When we asked frequent travelers what features a travel management solution would have to help make business travel more painless, they had a lot to say.
But frequent business travelers are only half of the equation. We also asked more than 600 travel arrangers what they’d want to see in an ideal corporate travel management tool.
What do traveler arrangers want from corporate travel software?
When we asked travel arrangers the same question, we got slightly different — but thematically similar — responses. For them, the ability to use saved traveler profiles and preferences, automated expense reporting, and access to 24/7 human support topped the list.
Again, we broke the data into the three same groups — efficiency, cost savings and job satisfaction — to identify the perfect corporate travel management solution according to travel arrangers.
What travel management features would help traveler arrangers be more efficient?
When travel arrangers think about the perfect, most efficient travel management tool for their needs, they think about a platform that includes saved traveler preferences, easy access to digital receipts and automated travel spend reporting.
So much of travel management comes down to manual tasks of inputting traveler information and collecting and organizing expense receipts. No wonder a tool that helps streamline and automate these processes would have a huge impact on the efficiency of these people.
What travel management features would help traveler arrangers save their companies time and money?
Inefficiencies in the travel booking and management process also have a big impact on the company’s bottom line. Travel arrangers routinely highlighted features like real-time reporting and out-of-policy booking alerts as essential to helping them rein in travel spend and keep the program under budget.
In addition to making their jobs more efficient and cost-effective, travel arrangers also had requests to take the pain out of the travel management process.
What travel management features would help improve traveler arrangers’ job satisfaction?
There’s no denying that much of the work of corporate travel arranging is far from glamorous, and can even be downright frustrating. When we asked travel arrangers how travel management tools could help make their day-to-day lives more painless, we got some interesting responses.
Unsurprisingly, access to 24/7 travel support (to give them their nights and weekends back) as well as more intuitive book-on-behalf technology and, again, easy access to digital travel receipts topped the list.
The Bottom Line
There’s good and bad news about the current state of corporate travel management.
The bad news is that the vast majority of travelers and travel arrangers feel like they don’t have the tools and resources they need to do their jobs efficiently and painlessly.
The good news is that they have some clear ideas about what those tools would look like.
The even better news is that tools with these features already exist. Lola.com, for example hits ALL of the main pain points from both travelers and travel arrangers:
- Saved traveler profiles and preferences for streamlined booking
- Built-in travel guidelines to keep spend in policy
- Automated expensing at the end of every business trip
- Real-time reporting for clear visibility into travel spend
- 24/7 access to live travel support
- And more!
If you’re looking for an easier way to manage your corporate travel program, with consumer-grade technology, powerful reporting tools, and the best travel support on the market, give Lola.com a try: Schedule a demo.
Read the full Cost of Doing Business Travel Report.
How does your corporate travel policy stack up?
Posted byMike Baker