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travel consulting by TRAVEL LEADERS CORPORATE

Travel Consulting - An Overview (1)

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Page 1: Travel Consulting - An Overview (1)

travel consultingby T R AV E L L E A D E RS CO RP O R AT E

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A modern Business Travel Solutions Firm by design, Travel Leaders Corporate offers an innovative vision for enhancing the entire business travel experience.

Our objective is simple, we want to make business travel more convenient, more productive, and more affordable.

At Travel Leaders Corporate you’ll find a company built upon a notion that being different is the pinnacle of success.

We’re visionaries, entrepreneurs, technologists, data geeks, change agents, and innovators.

We ask what-if and experiment with why-not. We revel in the art of getting things done. We understand the pace at which business moves today and take pride in having built a company that can keep up.

We don’t just aspire to greatness, we chase it down.

a business travel solutions firm,focused on customer centricity

identity

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Of all your indirect spend categories, travel can often prove to be the most difficult.

Just gathering the necessary level of detail needed to make sense of your travel spend can be a daunting task. Expense systems, credit cards, and travel agency information proliferate data into nebulous silos. Throw in a few global countries utilizing separate processes, or a new acquisition, and it starts to feel like the stone age when you request travel spend reporting. If you add general ledger entries and accruals, it starts to resemble a moon mission to reconcile your travel spend to a 10K, 10Q, or income statement.

Then there are all the more tangible obstacles that surround achieving effective cost savings. With a multitude of vendors, ambiguity surrounds the best places to apply leverage. There are also the added variables of maverick spend, complex policies governing different employee types, and organizational culture. Not to mention the human quotient, commonly referred to as traveler friction, that makes it difficult to balance sustainable cost savings with employee retention.

Sounding familiar? Read on, as we have engineered the solution.

Category Impossible,Travel’s Tough

obstacle

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Customers demand continuously streamlined performance, creating pressure on procurement and finance to generate cost savings. Our Travel Consulting offering focuses on one singular goal, optimizing your travel spend.

To produce the visibility needed to set a sustainable strategy, we have engineered our own proprietary data stack. Affectionately named the Agile Data Mart, we bring together your disparate sets of information into a single consolidated source of truth. Curating your data, we engineer everything to ensure transparency across your business. Our offering makes your information consumable through a visually stunning web and mobile interface. Interactive dashboards replace the days of tabular reporting lore.

To drive the cost savings execution, our world-class team of consultants are at your disposal. Each engagement is tailored to the client, producing results that complement your priorities, policies, and culture. Combining financial analysis with industry trends, our team delivers a comprehensive sustainable strategy recommendation.

When your bottom line,is the bottom line.

offering

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In an era when big data is the buzz word du jour, we subscribe to the philosophy that our value lies in the ability to provide smart data. Our data is the kind that becomes useful insight and helps you make the most informed decisions.

We have built out a proprietary database which we refer to affectionately as the Agile Data Mart. Developed & maintained entirely by on-staff programmers, we have made the commitment not to outsource our client’s data – an unfortunate common practice in the industry today. Our database revolves around the ability to facilitate data integrations, customize algorithms, and create error routines tailored to our client’s data. Having a reliable underlying core data structure allows us to pivot quickly and effectively to adapt to our client’s needs.

Unlocking a new level of analytics, our visually stunning reporting interface offers fully interactive dashboards and touch optimized mobile reporting capabilities. Responsive filters & toggles allow users to query & answer robust data sets, making tabular reports a thing of the past. Drill-through capabilities unlock the full depth of a data set and allow for deep statistics & trend analysis.

decision making data & ANALYITCS

DATAMART

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We differentiate our Travel Consulting offering through our team of visionary consultants. Engagements are supported by a dedicated team of financial experts from outside the industry, sourcing specialists that leverage your category, and strategic program managers that understand your business vertical.

Your Financial Analyst will be an expert in ROI; this resource never stops crunching numbers to provide financial insights into your program and new, innovative ways to maximize your savings. They will partner to design comprehensive analytics and customized KPI dashboards focused on cost reduction.

Your Sourcing Analyst is your advocate for vendor leverage. Retaining high-level vendor relationships and notoriously tough negotiators, they procure the best value for your organization. The Sourcing Analyst conducts RFPs, monitors your contract performance, and audits your rates.

Your Strategic Program Manager knows the travel industry and all the latest trends. Using their industry expertise, they facilitate ideation, drive process strategy, and deliver results-focused solutions.

turning travelinto ideas

team

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Our approach starts with a comprehensive implementation period.

We begin with a data consolidation phase, integrating your expense, card, agency, global, general ledger, and other pertinent systems into our data mart. Simultaneously, we run a contract analysis phase to categorize existing airline, hotel, car rental, and other relevant travel contracts into a user friendly data room.

The next phase starts the analytics and solutions work. Utilizing the new data set, the team creates tailored analytics. Based on priority, initial vendor targets and travel policy augmentations are presented as recommendations. Upon client approval, the team begins enacting the strategy.

Future phases consist of continuous vendor optimization, behavioral analytics and auditing. The team works to monitor, pivot and tweak to ensure the best results. Ever-changing market conditions, new travel markets, acquisitions, and the ever fluctuating business landscape provide iterations and opportunities into perpetuity.

Eviscerate your travel spend

approach

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We believe in performance based relationships. Laser focused on helping your organization achieve cost reduction in the travel category, we set mutually aligned goals for achieving sustainable savings.

Since influencing how much or how little an organization travels is non sequitur, we focus on influencing how much each trip costs. Our measurement of savings looks at your organization’s travel on a per unit basis. Units such as average ticket price for airfare, average nightly rate for hotel, and average daily rate for car rental, normalize volume metrics to ensure true cost savings are being achieved.

We help you navigate the complex and often turbulent waters of the travel industry to a best-in-class solution. Our objective is to deliver savings returns in excess of three (3) times on our engagements.

Give us the opportunity and we will show you why our Travel Consulting customers are blown away by their return on investment.

the returnon investment

savings

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Tra · vel Con · sul · tingpronounced /rəˈturn ōn inves(t)mənt/

verb1. a means of travel spend reduction2. the act of creating visibility and insightsynonyms: balance, leverage, strategy, savings, arbitrage

Contact Us to Get Started

877.404.4173

[email protected]

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”Eviscerate Your Travel Spend”

Washington DC Office7900 Westpark Drive| Suite A60

McLean, Virginia 22102

Portland Office9020 SW Washington Square Rd | Suite W450

Portland, Oregon 97223

www.tlcorporate.com

Miami Headquarters3750 NW 87th Avenue | Suite 300

Miami, Florida 33178

Minneapolis Office3033 Campus Drive | Suite W320

Minneapolis, Minnesota 55441