In today’s business environment companies must control travel costs and standardize operations in order to remain competitive. This increased focus on cost control is changing the role of travel management at many companies. How do these changes affect the corporate travel manager role as well as the travel management company? Read PhoCusWright’s latest white paper The Changing Role of Travel Management to learn more.

Download your FREE white paper today for valuable insights on how procurement and finance are changing the role of travel management:

• Though travel can be viewed as a commodity, it is still unlike any other commodity procured by corporations today. Travel’s unique metrics and industry trends need to be understood by the procurement or finance generalist.
  
  
• Travel departments need to translate cost savings and avoidance into standard finance measurements to accurately reflect the value of these savings in corporate measurement terms.
  
  
• Travel departments should understand and integrate standard procurement metrics such as total cost of ownership (TCO), scorecards, service level agreements (SLAs) and benchmarking, and tailor these metrics to reflect corporate standards.
  
  
• Globalization is an important goal in developing a consistent travel commodity strategy. This may include embracing a global technology solution, such as a single global distribution system or corporate booking tool.

Get the full story by downloading your copy of the white paper above.