Top Five Travel Management Software Solutions in 2024
Business travel is a lot more complicated than what it looks like from the outside. Managing it requires efficient travel management tools, which are updated and address the issues of the day. Keeping all these variables in mind, we review and list the top travel management softwares available in 2022. The term “business travel’ often paints a rosy picture involving business class flights, expensive afterparties, stays in luxury hotels, and many other bleisure activities. However, in the real-world, business travel is very exhausting for both travelers and the backend administrators managing these trips. Planning, allocating, and managing business trips is cumbersome, and further, if managed inefficiently, business travel can hurt your organization’s finances. Therefore, to streamline business travel, you need travel management software (TMS). What Does a Travel Management Software Do? Good travel management software allows you to devise your corporate travel policies. E.g., if you want to create a particular policy for a department that would always have to book last-minute flights, or you want to cap global nightly hotel rates, you get the flexibility to make all such policy changes. In addition to the above, great travel management software also let you book, track and customize your business travel. And the software provides you with critical insights into your net travel expenditure, creates custom workflows, and sets up a system for efficient employee reimbursement. Although not all travel management software would easily facilitate the functions above or have all the mentioned features. So, to help you make a more informed decision, here in this article, we review and compare five leading travel management software in the fray today. Five Leading Travel Management Software in 2022 Most travel management software offers features like auto compliance with global travel policies and expense reporting. In addition to these features, we considered TMSs, which are also easy to use and simplify the booking process for administrators. The following travel management software fared well on the parameters we set and are offering the best value in current times. 1.Salestrip Salestrip is an AI-driven travel management software that offers both travel and expense management from a single tool. Despite being a feature-laden software, Salestrip’s AI-managed UI provides a clean interface to the administrators and employees. The entire inventory of flights, accommodations, and rentals is readily available in the tool itself. It does not redirect to an outside browser, makes navigation easy, and decision making faster. Also, the tool offers a unique feature called “Intelligent Trip Request” employees can use it to make a travel request to their managers and watch the request’s status at the same place. 2. Fyle Fyle is a very robust expense management software that offers one of its kind mobile expensing. The tool comes with features like spend analytics, approval workflows for managers, and advanced travel expense analytics. Also, Fyle’s expense management software focuses on employee-led compliance, meaning the tool eliminates the friction between employees and the finance team by automating expense management. 3. Travelperk Travelperk is an all-in-one tool, great for both small and midsized organizations. Companies operating with a limited workforce can also greatly benefit from Travelperk’s efficient travel management software. The platform’s interface is very adaptable; managers and employees can get complete control of their travel and accommodation bookings. Also, the platform offers excellent flexibility in booking and offers up to 80% money back when you cancel your trip. Furthermore, if you use Travelperk’s tool, you receive real-time updates for all kinds of travel risks before or during your travel. 4. Travelsuit Travelsuit’s USP is its neat user interface, which makes the tool very convenient to use. Anyone with minimal or no technical knowledge can easily use all tool features. The software neatly organizes the booking process for managers and employees, making it easy to fetch the best fares in the market. The tool also allows employees to send pre-set travel requests for approvals. Apart from the above, the tool has excellent features for budget management. Managers can obtain advance reports on travel expenditure and get comprehensive insights into the company’s travel budget. 5. Flightfox Flightsfox is a super tool for managers; they can quickly transfer all their administrative functions to this tool and relax. Flightfox comprehensively analyses all the current information about booking flights, rentals, and accommodations, then match it with the conditions you set to process employee requests accordingly. The software works on a cloud model, maintains a single yet extensive database, and collects data through its dynamic UI. Furthermore, the platform also offers one-click booking amendments and 24*7 Customer Support. Recommended: Six features every travel agency software must have In today’s world, managing business travel without travel management software would risk the overall functioning of an organization, especially in organizations having business travel as an essential function. Travel-management software not only organize corporate travel but also ease operations. So, the five solutions we discussed above could be your best bet in the same direction.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
SaaS or PaaS? Which Service Will Help You To Scale Your Travel Business?
New technologies, effective AI, rising costs, consolidation and the constant threat of customer attrition have put travel companies under tremendous pressure to evolve, innovate and create differentiators. It is no surprise that travel agencies are investing heavily in technologies & platforms to stay relevant and address the needs of the changing consumer. So SaaS or PaaS? Which service will help you to scale your travel business? As Travel Companies start moving to the Cloud, it is imperative to understand what is truly advantageous. Cloud computing, in its simplest form, means that the hardware and software you use for your work is provided by a company as a service. You access the so-called cloud, as opposed to services that run over the network or device of your own company. Whether you are considering SaaS or PaaS, each cloud model offers specific features and functionality. Experts say that Travel agencies need to determine how much control and customization they want to bring into their cloud services, and how much application and data security they need to have, as well as how much involvement they need to have with the cloud service provider, both in terms of applications, data, and security. With these two models available in travel technology, we are going to advocate PaaS and explain why it is relevant for travel companies compared to SaaS. 1) SaaS – Software as a Service 2) PaaS – Platform as a Service 1) SaaS – Software as a Service (SaaS), also known as white label solutions, represents the most commonly utilized option for travel companies. SaaS is a web application managed by a travel technology provider. They are usually a complete suite of software that fit a particular business model like either a Destination Management Company (DMC) or a Tour Operator. The use of SaaS applications tends to reduce the cost of owning software by eliminating the need for technical personnel to install, manage and update software, thereby reducing the cost of licensing the software. It uses third-party services such as cloud computing, cloud storage, and cloud services. Limitations: Integrations with your existing APPs: Since this software suite is hosting many clients and has a rigid architecture, a preferred 3rd party integration is quite difficult. Lock-ins and high exit barrier: Because you will be using an end to end solution, exiting out would be a matter of impacting business. Customization: SAAS platforms offer a minimum to no customizations to the service they offer. Lack of Control: The controls are limited to the versions you are on. Downtime: The downtime is controlled by the parent of the software. 2) PaaS – Platform as a Service (PaaS,) allows travel agencies to design and create applications on top of these platforms. These middlewares are highly scalable with numerous advantages. PaaS is meant for developers to build and customize business hosted applications without the headache of maintaining the software. It saves you money and makes it easier for your organization to save money and be able to make the most of its cloud resources such as data centers, servers, and storage. Why we advocate PaaS: Accelerates time to build applications. Highly Scalable Helps you remain focused on building business-focused features Easy & Cost-Effective migration to the hybrid model. Would help you launch multiple businesses on the same platform Reduces the amount of needed coding Various services are provided to help with testing, and development of applications Example of PaaS: Pune based startup Vervotech Solutions Pvt Ltd, which has a PaaS solution called NEXUS. NEXUS is a true platform as a service with global customers. NEXUS serves a variety of business models like corporate travel agencies, OTAs, Consolidators. It has become the preferred PaaS solution for developers and programmers. NEXUS is a next-gen API based platform that offers a secured cloud infrastructure with 24/7 monitoring. It is the solution to the most complex problem of travel supply chain, sourcing, and distribution. NEXUS uses AI and ML to give business insights & integrates with third-party revenue management tools to optimize profits. The road ahead for NEXUS: There are the four areas where NEXUS will evolve as a PaaS: Enriching Supply: The current integrating partners in the platform are more than 60 and will continue to grow, this growth would predominantly be focused on adding more regional and specific bed-banks which are essential to the ecosystem. AI-Driven Distribution: As the search & transactional data grows on Nexus the distribution will be more effective and intelligent. Though we don’t see the distribution to be fully automated since reading huge data requires cognitive thinking skills and could vary from business to business. However, there will be iterations of builtin revenue management tools. Feature Development: NEXUS offers a complete HOW-TO guide to build travel applications on top of it. This kit is an interactive cycle of develop-deploy-manage, hence NEXUS has a list of features that can be built in to make integration with NEXUS faster. These are customer-centric features that are focused on enriching the build experience. NEXUS is becoming the preferred integration platform for travel organizations to host their supplier integrations. By doing so, they save costs, have efficient processes and focus on sales and customer experience.Vervotech Mappings is a leading Hotel Mapping and Room Mapping API that leverages the power of AI and ML to quickly and accurately identify each property listing through the verification of multiple parameters. With one of the industry’s best coverage of 98% and an accuracy of 99.999%, Vervotech Mappings is quickly becoming the mapping software of choice for all leading global companies operating in the travel and hospitality industry. To learn more about Vervotech Mappings and the ways it can enhance your business in the long run contact us: sales@vervotech.com
