These include the travel and expense (T&E) data platform, the traveller behaviour segmentation platform, the car rental contract review and the guide to most appropriate form of transportation.
The new products help reduce non-compliant spending, analyse traveller data to reduce cost from traveller behaviour, reclaim surcharges on corporate car rentals, and provide comprehensive ground transportation options.
Christophe Renard, vice president of CWT Solutions Group Worldwide, said: "We are at the forefront of the travel management industry and to stay there, we need to constantly innovate. We are always looking for new ways to capitalise on data insights, and to find more efficiencies by being smart about relationships with both travellers and suppliers."
According to CWT research, travel managers don’t have visibility over nearly a third of a company’s travel and expense (T&E) spend because it isn’t consolidated in a single data set. The resulting unmanaged spend takes control away from corporate travel managers, potentially increasing costs and reducing corporate buying power.
"Our T&E platform automatically consolidates all data sources, including from the travel management company, from credit card spend, and third party suppliers," said Renard. "We use that information to provide an immediate view of all non-compliant spending. We can also reconstruct the total cost of each trip. Travel managers can then have an accurate view of all spending, compliant and non-compliant, enabling them to adjust their policy as necessary, or simply make sure it is better communicated internally."
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