MINNEAPOLIS, 1 August 2018: Carlson Wagonlit Travel, a global travel management company, has unveiled CWT Travel Consolidator, an analytics tool that captures every part of an organisation’s travel and expense spend.
The web-based platform combines air, hotel and ground transport transactions booked including credit card, expense and HR data.
It identifies hidden costs of business travel and off-channel spend, enabling travel managers to identify missed savings opportunities, improve compliance and increases an organisation’s negotiating power with suppliers.
“Gathering, matching and reconciling travel and expense data is challenging and it’s often hard to get the full picture of the total cost of a trip,” said CWT solutions group vice president Christophe Renard. “CWT Travel Consolidator gives you that visibility – and can save up to 7% on travel costs.”
Integrated data also provides valuable information on spending outside official channels such as flights and hotels booked on personal cards and poorly understood costs like airline seat selection charges, meals, laundry and incidentals.
A CWT-sponsored survey by the GBTA Foundation found that 64% of travel managers feel they don’t have enough data to calculate the total cost of a trip. Nearly three-quarters (73%) struggle to reconcile differences in reports due to data formatting, while 58% said they spend too much time reconciling and cleaning data.
