The role of Enterprise Resource Planning (ERP) has been revolutionary in spiraling up the Travel Technologies implications. To remain grounded with the competitive rage of the globalised era, it has been the need of the hour for travel erp software companies to manage the travel cost and standardize operations. The advanced perspective over cost control measures has evolved the travel management of companies.
A paradigm shift has been observed from viewing travel as a specialized skill, instead procurement and finance disciplines have entered the orbit of the travel organization. In fact this has resulted in the alteration of the structure of travel under procurement or finance head. Pertaining to the modern times, the influence of these two corporate disciplines continues to grow.
Technology continues to be an indispensable part of any Travel Management System (TMS). Whether travel management is under the province of the procurement or finance organization or is a complete department in itself, the discerning authority permeates the entire organization. To enhance the travel process the travel erp solutions are bestowing. Let’s find out how it helps to optimize specific travel technologies given below:
* Product Selection Advisory
* Custom Integration
* Roll Out & Change Management
* Business Process Transformation
* Roll Out & Change Management
* Migration and Testing
* Roll Out & Change Management
* End User Training
Enterprise Resource Planning is emerging as a catalyst of growth in travel management precisely based on three segments of evaluation:
* Global Distribution System (GDS)
The primary platform for reservations, GDS sums up the information from various resources. An effective GDS is the heart of any online and offline reservations.
* Business Intelligence (BI)
Enhancing management and optimizing its performance, Business Intelligence solution is that wherein, the company can easily center-stage the areas of traveler behavioral change, eliciting concrete savings opportunities for the business.
* Corporate Booking Tool (CBT)
An automated solution to manage travel bookings and bring in force corporate travel polices. CBT evaluation should be based on the tool’s flexibility and the ease with which the solution integrates with other corporate enterprise systems.
How Globalization has affected the travel management?
The procurement and finance heads are often shouldered with the creation and implementation of the global commodity strategy. For the success of the global consolidation or implementation plan, it is imperative to understand regional differences in travel booking pattern and management behavior of the customer as well as clients.
For instance, enforcing a single global CBT is a legitimate objective for a global sourcing team, but emphasis has to be laid upon geographies such as Asia and developing continents, where labor costs are low, special fares are not stored in a central location and the local business practices involve more of the human interaction in the travel planning process.
With the travel management becoming more integrated due to incorporation of erp solutions in purchasing (procurement) and finance, travel managers need to embrace new-fangled purchasing, financial measures as part of their requirements to accomplish a hassle free TMS.