The organisation of business travel can be a mammoth task, requiring complicated procedures and constant monitoring. The development of innovative software solutions that help manage and automate everything from booking flights and hotels as well as organising expenses have become an invaluable resource for today’s companies.
In a world of globalisation, business travel is often a necessity, even for small-scale companies where employees are predominantly working remotely. Business travel management apps offer a vast range of features that iron out the process and avoid it becoming a headache to arrange.
Whether you’re interested in cutting costs, increasing efficiency, productivity, compliance with company policies or simply keeping employees happy, the benefits of business travel management apps are huge. They can also provide key insight into corporate travel cost patterns, allowing for more efficient future spending.
What is corporate travel management software?
Corporate travel management software refers to the technology used to plan, book and manage every aspect of business travel – from flights and taxis to accommodation and expenses. Taking care of everything before and even after a business trip is completed, business travel management tools also offer to automate company travel policies and invoices.
An efficient business travel system promises to streamline the process considerably, ensuring corporate travel goes smoothly and can work within a company’s budget and travel policies.
In the past, businesses would have needed to manage the process manually – from ensuring that all employees were up-to-date on company business travel policy and allowing them to use any website to book stages of their trip, to processing expense receipts with fiddly internal systems. Or employ an external corporate travel agency to deal with everything, which can be an expensive solution thanks to commission and less oversight of day-to-day efficiency.
These days, developments in travel booking software mean companies can ensure that employees can book business travel themselves while also staying within budget and travel policies. Also, these corporate travel apps often include company payment details so collecting receipts and reimbursing employees for expenses is no longer necessary.
Top travel management tools
1. Booking.com for Business
Booking.com for Business is a free business travel platform designed to help you take care of your business travel from start to finish. Easy-to-use, it will make sure your business saves money on corporate travel, that business travel can be booked in a couple of clicks from many options, and that the whole process will be smooth. Business travellers also enjoy exclusive business rates, earn loyalty points and benefit from complimentary 24/7 support from the leading travel management company CWT.
2. Travelperk
Travelperk is a handy app that gathers all of the aspects of a business travel trip that you need to book in one place – whether that includes flights and trains, or hotels and meals. With a handy mobile app comparison on price and convenience across sites from all over the web, it makes finding the appropriate options within a certain company budget much easier. And speeds up the research, planning and booking stages of the process, thus saving money and time and proving an invaluable resource for staff tasked with arranging corporate travel.
3. SAP Concur Travel
SAP Concur Travel is one of the most well-known corporate travel apps where you can book flights, hotels and car rentals, as well as make use of expense management and policy enforcement. Using Optical Character Recognition (OCR), SAP can also capture receipts and integrate them with accounting systems.
4. Egencia
Egencia is an ingenious global B2B tech platform for travel management. With 24/7 customer support available, users can book travel and accommodation services, as well as manage their entire trip. At the same time, companies can make use of data insight features and travel policy adherence all on one convenient and reliable platform.
5. CWT
In addition to providing a wide range of booking options, CWT offers features for managing meetings and events. With round-the-clock travellers support, risk management and travel policy adherence, this makes it a comprehensive app for business travel needs – whether you’re looking at it from the employer or employee perspective.
6. Navan
An intuitive and easy-to-use app designed to simplify corporate travel processes, Navan offers business travel and expense solutions. Its features offer flexibility and time-saving potential for business travel programmes – from automatically synchronising bespoke expense systems and approval workflows, to 24/7 customer service and loyalty points for cost-effective trips. So it’s hardly surprising that this integrated platform is frequently ranked as one of the top travel management software services.
Best travel expense management tools
7. Spendesk
Focused on spend management, Spendesk is software that revolutionises the process of expenses and business travel finance management in general. Users enjoy features like spending reports and real-time insight into corporate travel costs, budget advice and information, accounting automation and a credit card offering.
8. Happay
Happay provides business travellers and companies with a straightforward interface that makes all of your spend management processes smoother. Its robust features allow users to upload expenses for reimbursement quickly and efficiently, as well as utilise prepaid company cards to track all payments and enforce spending limits. It also boasts an analytics dashboard, accounts system integration, compliance enforcement and plenty of other enticing benefits.
9. Zoho Expense
A valuable software management tool, Zoho is a web and mobile app that categorises all expenses neatly and automates processes at every business travel stage. With the option of a free trial, companies can try out various customisable features, from expense report submission and insights into business travel efficiency, to fraud detection. And – since Zoho can be integrated with existing workflows – it promises minimal overhaul and the ability to enhance business travel efficiency with immediate effect.
10. Yokoy
Yokoy is an AI-powered spend management platform that streamlines corporate travel processes by automating and consolidating data into detailed reports. Its main appeal lies in its expense management software, its processing of invoices and its smart corporate cards. Spend policies can be tailored to companies’ needs, while the app also crawls and detects policy breaches throughout the expense process. Other highlights include smooth approval workflows and spend analysis that ensures the cost efficiency of a company’s business travel is constantly optimised.
11. Fyle
Fyle offers users automated integration of accounting software with Visa, Mastercard and American Express credit cards. Not to mention reimbursing employees and expense reporting. Saving hours of manual work, it’s an app that’s proven popular with companies thanks to its user-friendly interface and convenience of managing expenses on the move.