Concept Presentation

03 Jul 2015

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Factoids :Business travel & expense

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46% of companies still use a manual process to claim expenses

In 65% of organizations, it was other departments and not the travel manager who proposed the introduction and implementation of an end-to-end travel and expense solution

84% of travel managers have different technology systems for travel and expense

Size of Business Travel and Expense is $1.2 Trillion in 2014 and growing at 7%

The estimated penetration rates in companies of more than 50 employees range from less than 1% in Asia and 2% in Europe to 8-9% in North America

Current Business Travel Process*

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1 2 3 4 5 6 7

Employee initiates travel request

Travel request undergoes approval cycle

Travel desk co-ordinates with travel agency to come up with travel

options

Travel desk shares the options with employee

Employee reviews the options and sends his choice to travel desk

Travel desk communicates employee’s choice to the

agency

Tickets are booked by the agent and booking details

sent to the employee

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Employee files expenses upon trip

completion

*Typical process

Problems With Current Business Process

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1 2 3 4 5 6 7

Employee initiates travel request

Travel request undergoes approval cycle

Travel desk co-ordinates with travel agency to come up with travel

options

Travel desk shares the options with employee

Employee reviews the options and sends his choice to travel desk

Travel desk communicates employee’s choice to the

agency

Tickets are booked by the agent and booking details

sent to the employee

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Employee files expenses upon trip

completion

Checking compliance with policy is a manual process

The tickets booked are optimized only

for air fares and not for the entire

trip

Significant time is wasted by the time booking is

done

For multi segment trip, getting the itinerary finalized itself is a

nightmare and may take hours of employee’s time

And There is More…

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Fares may soar during the multiple iterations between travel desk and employee

Nobody knows If the trip booked was the most optimal

Compliance with travel policy cannot be verified for any trip booking

It’s impossible to determine if any travel policy clause is actually leading to cost savings

Finance department doesn’t have the details to make provision for reimbursements

It takes finance department enormous time just to verify the expense receipts

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The Solution – Marriage between policies and booking along with expense management

Corporate Policies

Travel Booking

Expense Management

And that’s what Traveo is

An end to end travel & expense management

SAAS solution for enterprises

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What we do

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Travel booking and optimization in compliance with policy

Expense filing on the go from mobile & tablet

Business Trip planning in line with business process and rules

Product features

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Policy Compliance

IncreasedBooking hassles

Decreased

Expense Management

Increased

Business Benefits

Policy Builder

Intelligent Policy Recommendation Engine

Business travel

booking

Itinerary Builder

Corporate trip

Management

Seamless expense

filing

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THANK YOU

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