DALLAS--(BUSINESS WIRE)--Traxo, the leader in travel data aggregation and itinerary intelligence, announced that it will debut its new Traxo CONNECT for SME (small to medium enterprises) next week at the GBTA Convention in San Diego. Traxo CONNECT for SME is a new corporate travel data management solution designed for companies with under $10 million in annual travel spend and/or unmanaged corporate travel programs, who are seeking cost-effective tools to easily monitor and manage their business travel activity.
“Many small to medium companies have told us they need better tools to manage their corporate travel activity, but really don’t have a need for the full-service solutions typically offered by TMCs (travel management companies), and don't want to coerce their employees into using a particular booking tool,” said Traxo Founder and CEO Andres Fabris. “Our Traxo CONNECT for SME solution gives these companies best-in-class tools to manage their entire corporate travel spend, in real-time, while still providing their employees the ultimate flexibility to book wherever it’s most convenient.”
Based on Traxo’s popular platform for corporate travel data management, Traxo CONNECT for SME includes:
- Traxo FILTER, for seamless, real-time data capture whenever employees make a travel booking, without requiring the employee to forward emails
- An easy-to-use dashboard for easy visualization of a company’s current travel booking activity and spend
- Real-time visibility into all employee travel itineraries, enabling optimal duty of care support
- Downloadable reports to track past and future planned T&E spend
- Integrated hotel price monitoring by TRIPBAM ensuring companies automatically get best available rates without the hassle of setting up travel policy rules or negotiating with hotel suppliers directly
- Seamless integration with AirHelp, the world’s leading flight disruption compensation company, to automatically process claims for flights eligible for compensation due to delays, cancellations, or denied boarding
Built-in Traxo FILTER integration allows companies to access all employee business travel reservations, whether booked direct at airline, hotel or rental car sites, or via any online travel or meta-search site or mobile app. “As a result, employees have the freedom to book their travel wherever they please, allowing them to earn their loyalty program points, perks or benefits, yet still ensuring all essential cost and itinerary data is automatically captured for corporate expense reporting and duty-of-care purposes,” Fabris noted.
As travel suppliers continue to enhance their incentives to encourage direct bookings via their own branded web sites and apps, employees (particularly the most frequent travelers with loyalty program V.I.P status) are finding it more convenient to book outside company-mandated channels, further exacerbating the growing leakage challenge.
According to a 2017 joint study by ACTE and American Express Global Business Travel, "Managing the Modern Business Traveller " a company’s road warriors tend to be among the highest producing employees. Adding friction to their travel experiences by limiting their flexibility can cause retention challenges for the company since 28% of travel managers reported that employee satisfaction with the company's travel policy is now a significant and/or growing issue in employee retention.
“When you have comprehensive, real-time travel data access, forcing employees into a single booking tool is unnecessary and runs counter to the movement toward traveler centricity,” noted Fabris. “With Traxo CONNECT for SME, companies can offer employees booking freedom while still capturing the data they need to manage their programs effectively. Real-time data visibility gives corporate travel managers lead time to adjust employee travel plans if necessary, and with price assurance from TRIPBAM they can be confident they’re getting the lowest qualifying hotel rates. Employees are happier and more productive, and travel managers no longer have to spend their valuable time playing bad-cop.”
Traxo’s new product, specifically designed for unmanaged or lightly managed corporate travel programs with less than $10M in annual travel spend is available now. For more information, visit https://info.traxo.com/sme, visit GBTA Booth # 1039, or attend the GBTA panel Off-Channel Bookings: How to Manage What You Can't See.
Dallas, Texas-based Traxo, Inc. provides itinerary intelligence and travel data aggregation technology solutions to clients across the travel ecosystem. With its industry-leading data aggregation platform, Traxo empowers corporate travel and procurement organizations, travel management companies (TMCs), expense management applications and risk management services to comprehensively track and manage total corporate travel spend activity from end-to-end, regardless of booking channel. With its API-based services, private-label email parsing and data normalization solutions, Traxo provides its clients with the most robust suite of travel data aggregation services on the market. For more information, visit http://www.traxo.com.