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Execs see travel tool efficacy.

Publication: Business Travel News
Publication Date: 20-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
For senior managers, using travel management tools means driving savings to the bottom line. For buyers, implementing such products as corporate online booking, pre-trip approval, Web-based expense reporting and traveler-tracking tools enable well-managed travel programs. Though not all corporations have every tool in place, both buyers and senior managers are using these resources to reach their respective goals.

Self-booking tools appear to be the most widespread travel management tool in place among corporations, as they save companies significant amounts in transaction fees. Use of pre-trip approvals and Web-based expense reporting tools is lower and has varied savings potential.

Kevin Maguire, director of global travel services at Austin,...

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