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Data cos. lift reporting.

Publication: Business Travel News
Publication Date: 19-JUN-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Data consolidation providers are adapting their reporting tools in efforts to keep up with the increasing pressure on travel managers to efficiently mine and report data for cost-saving purposes.

Travel data is a company's best weapon in negotiating fair contracts with air, hotel and rental car suppliers, particularly in a lime when many travel managers are being directed to keep travel costs steady even as vendor costs are increasing. Data consolidators remain focused not only on deepening that well of information, but also on finding better ways to make that information useful to the travel manager.

"Corporate travel managers are becoming more sophisticated in their view and their requirements from higher up, and procurement officers are getting more involved in travel management, so the bar is higher," said Aaron Hosey, director of the decision support group...

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