Why Your Organisation needs a Travel Cost Optimization Consultant?
According to recent research, 30 per cent to 40 per cent of corporate travel expenses are not managed or planned. This not only affects productivity but escalates the organisation’s Travel budget. Most modern corporate travellers (57 per cent) prefer to arrange their planning and booking needs , unfortunately if unchecked this will severely hurt the Organisation in terms of efficiency and financial resources.
Travel Cost Optimization Specialists have a clear-cut role and that is to ensure that your Organisation travel needs are well planned and executed. This reduces on spillage of much needed financial resources and spending wisely in as far as all travel both inland and outbound is concerned. In this article we share with you a few reasons why your Organization may want to consider hiring a Travel Cost Optimization Specialist.
- Cost Saving
The main role of a Travel cost Optimization Specialist is to reduce costs and travel expenses within the Organisation. Most Organisations don’t have the expertise or resources in-house to deal with complexities of travel analysis without requisite industry knowledge and practice. At EYALAMA, for instance we develop your organisation’s cost reduction strategy that ensures your travel costs don’t spiral out of control. We track the vulnerable spots and make necessary adjustments in accommodation, transportation, flights, travel timings aimed to ensure cost savings. We review your organisational data and provide a detailed plan on where significant savings can be made.
- Best Travel Deals
Travel Cost Optimization Specialists are brought on board to assist your Organisation get best Travel deals at all times. Whether you are planning a conference, offsite Board meeting, team building, booking accommodation or car rentals, the Travel cost specialist ensures you’re getting the best deals possible. At EYALAMA, we tap into our wide experience and networks generated over a 20 year period of travel practice in the region to ensure the benefits accrue to your organisation interms of travel cost savings.
- Travel Expense Management
The role of a Travel Cost Optimization Consultant does not only stop at generating a Travel cost reduction strategy but delves deeper into actual travel expense management. This process begins right from the budgeting process straight through to the travel booking process , cost control process and travel monitoring. The Travel cost Optimization Consultant will add substantial value to your organization’s procurement goals by ensuring the best and most cost effective travel options and providers are selected. Most Organisations have professional procurement officers unfortunately they may not have the requisite travel industry expertise to pull off negotiations let alone determine quality of services to expect and that’s where We at EYALAMA add value to your Organisation.
- Accountability
One of the recurring headaches for Finance Managers in organisations is holding employees accountable for their travel costs. It can be challenging since many workers regard business travel as a privilege rather than a responsibility. Unfortunately , if unchecked this pauses a severe risk to the organisation’s financial management system. As Travel Cost Optimization Specialists, we develop strategies to ensure that staff understand the need to be cost-conscious when travelling but most importantly design organisational Travel plans, negotiate framework contracts with key providers, and minimize individualised planning.
We hope you found this article helpful, for detailed engagement on this subject feel free to engage Eddy – Team Leader at EYALAMA on consult@eddykirya.com or Phone +256 200 909199.