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End-to-end travel sourcing and expense management made simple
Stay on business class a..
07.01.2021 - Case story
By implementing rate caps on business class travels, a major member of the TPE Group has made significant savings on business class travel – amounting to saving of 22%. Travel policy – the rubix cube of modern travel management - a complex, but vital matter to handle for every organization doing business travels. Being able to solve the puzzle and be on top of your company’s travel policy is an ongoing process of revising and optimizing in accordance with market tren...
Virtually there – Why it..
Security, easy admin and data visibility are just a few reasons virtual cards are an excellent way to pay for business travel. And now regulatory challenges and mobile innovations are making the case to go mobile even more compelling. Is your company using virtual cards yet? Many are. Card issuers continue to report annual growth in virtual card transactions of around 30 per cent, a figure which has remained consistent for nearly a decade. A virtual card number is like a 16-digit number printe...
Card revolution – how ne..
Mandatory security measures for online card payments from 14 September could force some companies to update their booking and payment procedures if they pay with plastic cards. Lodge and virtual cards, on the other hand, look set to be exempt. Major changes to card payments are set to take force across Europe by 14 September. That’s the date by which EU member states (plus Norway, Iceland and Liechtenstein) are required to enforce anti-fraud security measures called Strong Customer Authen...
Coronavirus – How to ste..
The global Covid-19 virus outbreak demands a rapid but careful response from company travel programmes. Urgent challenges include balancing employee safety with business continuity, handle cancellations and rebookings without taking a major financial hit, and recalibrating supplier relationships. Coronavirus is having the most dramatic impact on business travel since the 9/11 terror attacks in 2001. In China, where the virus originated, airlines cancelled more than 60 per cent of their flights...
Do the right thing – 12..
From improved communication to cleverer use of technology, there are many ways to improve poor compliance levels and drive down travel costs. Trends come and go in corporate travel, but one issue remains constant: getting employees to follow policy always seems the biggest challenge for anyone who manages a travel programme. According to the Global Business Travel Association, 52 per cent of all trips involve travellers not following policy in one way or another. But non-compliance rates are o...
Artificial intelligence..
AI is set to improve and personalise every step of the trip process for business travellers while also handing greater control and data visibility to their employers. A finance director of a pharmaceuticals company in Stockholm asks his lawyer in Copenhagen to come and see him about an important contract they are preparing together. The lawyer enters the meeting into her online calendar. From the calendar entry, the lawyer’s booking tool sees the meeting will last from 0900 to 1600 on Th...
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