Introducing Center Insights for Travel: Comprehensive Visibility into All Travel Spend

By The Center Team on October 8, 2024

Center is excited to announce the launch of Insights for Travel, a powerful new feature that provides unparalleled visibility into all travel spend, including unmanaged bookings. This addition to our platform addresses key challenges faced by finance and travel managers in today’s business travel landscape.

 

Understanding the Challenge

Finance and travel managers have long struggled to gain a complete and accurate view of travel spend, particularly with unmanaged bookings and project-based expenditures. Traditional systems often lack the detailed reporting necessary to understand spending patterns, adjust policies, and control costs effectively.

 

The Solution: Insights for Travel

With Insights for Travel, you get access to strategic dashboards that provide a complete view of travel spending. These dashboards allow you to:

  • Dive deep into departmental spending
  • Analyze booking behaviors to spot trends
  • Track vendor performance and spending trends
  • Ensure policy adherence with proactive compliance tools

For example, you’ll be able to see exactly where your travel dollars are going, whether it’s flights, hotels, or rental cars. Plus, with the ability to track project-specific spending, companies that rely on client invoicing can simplify their billing processes and keep budgets on track.

Key Features to Improve Your Travel Management

Insights for Travel introduces a range of powerful features, including:

  • Comprehensive Travel Analytics: Visualize spending on air, hotel, and car.
  • Project-Based Reporting: Track expenses by client or project, perfect for companies that need detailed invoicing capabilities.
  • Policy & Compliance Tracking: Identify policy violators and analyze booking trends to make sure everyone stays compliant.

These features not only make it easier to manage travel spend but also empower your team to make smarter decisions when it comes to setting travel policies and negotiating with vendors.

 

Get the Reports You Need, When You Need Them

When it comes to reporting, Insights for Travel offers a suite of tools to help you stay on top of your travel data:

  • Travel spend by period
  • Total spend by category (air, hotel, car)
  • Travel spend by month
  • Total on-platform vs. off-platform spend
  • Top 10 travelers
  • Percentage compliant vs. non-compliant
  • Top 10 vendors
  • Travel spend dashboards: Air, hotel, car

By having these reports at your fingertips, you can quickly identify spending trends and cost-savings opportunities so you can optimize travel budgets and improve policy adherence.

 

Why Insights for Travel Will Change the Way You Manage Travel

The value of Insights for Travel spans your entire organization, offering a clear view into travel spend with intuitive dashboards that reveal spending patterns and booking behaviors at a glance.

  • For travel managers, it provides a comprehensive view of all travel expenses, making it easy to spot spending trends and optimize budgets.
  • Finance managers benefit from a unified, accurate view of organizational expenses, helping them stay on top of budgets and improve financial planning.
  • Even travelers will appreciate the clarity they gain into their own travel spend, allowing them to stay compliant with company policies.
  • Meanwhile, travel approvers can monitor and approve travel expenditures efficiently, with built-in compliance checks that ensure policies are being followed.

 

Ready to Take Control of Your Travel Spend?

With Insights for Travel, organizations can make smarter decisions, manage travel budgets more efficiently, and ensure compliance with company policies. Gain full visibility into your travel spend and simplify your management process. Contact Center today to learn how Insights for Travel can benefit your business.