Travel Policy Commonwealth Business Travel Group Miami, FL November 5, 2009.
Business Travel Policy
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Transcript of Business Travel Policy
Business Travel Policy : Measure & Build
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Business Travel Management Solution
• Business T&E expense is the second most controllable expense category for a business organization.
• The best travel policies help corporate/SMEs bring down their spend without reducing the number of trips taken.
• Most of the companies adopt policies based on market trends and not based on their employee buying and booking behavior.
• Understanding the booking pattern within their respective organizations will help companies come up with the right travel policies.
• Right travel policy can make business T&E expenses more productive.
• Let’s have a look on five most efficient business travel policies that can make the business travel more productive and less expensive.
All Rights Reserved – 2015 Infiniti Software Solutions | www.infinitisoftware.net
Importance of business travel policy
AP-7 :• Advance purchase policy where employees are expected to
plan and book their travel 7 days prior to departure .
• The resulting savings could be close to 13-18%.
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First efficient business travel policy
Same Day Cancel and Book Not permitted: • Employees tend to finish their meetings before schedule
and ask their travel desk to book them on an earlier flight. • This practice results in losses as last minute changes
typically result in higher fare differences.• So, employees must be instructed to book their travel well
in advance by making correct estimations of their journey.
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Second efficient business travel policy
Business Class not permitted on Domestic Sectors: • Most of the airlines operating on domestic sectors provides
very good facilities with comparatively less fare.• Employees must be allowed to fly economy class instead of
business class on domestic sectors.
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Third efficient business travel policy
Lowest Logical Fare: • Employees are excepted to select the lowest logical fare
which is the cheapest fare in a +/- 1 hour time range. • This would result in savings to the tune of 8-15% .• Visibility on bookings and availability of flights with lowest
logical fare in the sectors of booking is necessary for this purpose.
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Fourth efficient business travel policy
Trip Type Control: • Employees are excepted to book round trip tickets instead
of two one way trips. • This will help them get access to special round trip fares
that are typically cheaper by 7-12%
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Fifth Efficient business travel policy
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All Rights Reserved – 2015 Infiniti Software Solutions | www.infinitisoftware.net