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Top Challenges in Corporate Travel Management and How to Overcome Them

  • 12 August 2024
Blog

We have all been witness to how fast paced and competitive today’s business can be! As we have all experienced in the corporate world, it is fast paced and highly competitive. As a result of this corporate travel is on the rise. But with this opportunity also comes along with it a set of some key challenges in the management of corporate travel. These challenges are often stem from budget constraints, compliance issues and complex planning and execution processes. Therefore a professional corporate travel solution partner has a critical role to play as they are the ones to help streamline a company’s travel processes and ensure a memorable journey for their clients’ employees.

Here are some of the top challenges in corporate travel management:

1. Budget Management

This is probably the most important and significant challenge. Whatever the size of the organisation, expenses and cost always remain most critical. In reality, travel expenses always tend to spiral out of control if not managed. This then leads to a financial strain and then further leads to bigger issues. In today’s every changing scenario, there are always last minute cancellations or unexpected changes. So how do we circumvent this challenge? How to stay within the budget? 

Solution: Partnering with a corporate travel agency, such as SKIL Travel, can help companies better manage their travel budgets. A reputed and well-connected solutions provider like SKIL has strong relationships with not only airlines and hotels but all the other vendors and service providers that you may have to deal with as an organisation. Because of their network, they are able to secure better rates, discounts and also offer more flexibility. Additionally, they offer centralized booking systems that provide transparency and control over travel expenses.

2. Compliance with Corporate Travel Policies

This is another major concern for global companies. Some employees may tend to overlook their company policies while booking and this can often lead to increased costs. This then leads to financial discrepancies and then the finance team finds it difficult to reconcile the expenses as per the policy. 

Solution: A corporate travel solution provided by a professional agency helps enforce compliance- what they do is they integrate the travel policy into their booking systems. They offer customised solutions and thereby ensure all bookings are made within the company guidelines. 

3. Employee Safety and Risk Management

Safety and employee well-being is kept as a top priority by all companies. Travellers are definitely exposed to various risks – be it a natural disaster or a political instability situation. Health issues during long journeys also cannot be ignored. How do organisations manage and deal with these risks?

Solution: Top corporate travel management companies in India offer comprehensive risk management services as part of their corporate travel solution. This includes real time updates, emergency support and any assistance that the traveller may require due to an unforeseen circumstance. By partnering with a corporate travel management agency like SKIL Travel, companies can ensure that their employees have access to the necessary resources and support to handle any emergency.

4. Coordinating Travel Logistics

Large pan-India and global organisations have multiple teams of employees travelling across locations and handling these logistics can be a dauting task! It involves managing flight bookings, hotel accommodations, ground transportation, and on top of this, ensuring that everything is aligned with the company’s schedule and objectives. Any mismanagement can lead to delays, missed meetings, and overall inefficiency.

Solution: A corporate travel agency can take over the management of all travel logistics and provide end to end services. This allows the company to focus on its core business activities and be relieved of the stress and hassle of dealing with multiple vendors and multiple timelines!

5. Technology Integration

This is the digital era. It is essential that every organisation moves ahead with the latest technology. Subsequently integrating the latest technology into corporate travel management for efficiency and convenience. But not all companies have efficiently adopted latest technologies, many of them still use outdated processes.

Solution: Partnering with a corporate travel management agency that leverages advanced technology can prove to be highly valuable. It can significantly improve the efficiency of travel management. For instance, SKIL Travel, a leading corporate travel agency, utilizes cutting-edge technology platforms to streamline the entire travel process. They have booking tools, mobile apps and real-time tracking systems. 

6. Last-Minute Changes

As we are all aware, no matter how much you prepare, changes are most likely to occur. There could be an unpredicted business situation or an unforeseen challenge. Thus there is a last-minute change to itineraries and sometimes complete flight cancellations; there could be changes in meeting schedules, or and additional need for hotel stays. Managing these changes effectively can be quite an ordeal.

Solution: A corporate travel solution from a reliable agency can help manage last-minute changes with ease. If you partner with SKIL corporate travel – they offer 24/7 support, ensuring that they promptly handle any last minute changes to a business travel plan. 

7. Environmental Sustainability

With growing awareness of environmental issues, all companies are taking steps towards sustainability. However, when it comes to corporate travel, balancing sustainability with the need for business travel can be highly complex.

Solution: A corporate travel solution company can help companies implement sustainable travel practices. How are they able to do this? They have a range of options to offer along with carbon offset programs. They suggest sustainable accommodations, and green transportation choices. 

Corporate travel management as we are all aware is a complex process that requires careful planning, execution, and management. By partnering with top corporate travel management companies in India, like SKIL Travel, companies can overcome these challenges mentioned above. Be it budget management or compliance issues, risk management or integrating the latest technology, a professional corporate travel solution offers comprehensive support that enhances both, efficiency and productivity. 

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