Behavioral economics and your travel program

| August 3, 2019

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To change behaviors businesses need to first identify and understand the key problems or challenges travelers face. Then these insights into traveler friction can be used to tweak travel programs to achieve better compliance and engagement – and to reduce the human cost of frequent travel.

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JSH Hotels & Resorts

JSH Hotels Collection is a leading hotel management group that manages a global portfolio of 18 independent and international hotels and resorts in Italy, Austria, and Switzerland. Ours is a dynamic, young and diversified company whose key factor for success is the respect for a precise scale of corporate values and a culture of travel that by necessity departs from people.

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Top 5 Ways Travel and Expense Management Solutions Can Help Companies

Article | December 23, 2020

A recent study stated that the travel industry faced an estimated $519 billion loss in 2020 due to the pandemic. Some of the challenges that most companies came across are managing travel expenses, maintaining travel and expense process flow, using the right expense management solutions, and more. As the travel industry is getting back in business, it is overcoming challenges sturdily. To simplify travel and expenses process flow, managers need instant and effective travel and expense management solutions to organize travel plans, submit expense reports, and control overspending on their travels. Before you dive into details about solutions that can improve the travel and expenses process flow and logistics of your company, here is a brief about travel and expense management solutions. An Overview: Travel and Expense Management Solutions Travel and expense management solutions are only relevant businesses that need to control the travel-related expenses of their employees. These solutions help you in understating the integrated spend data and deliver a better user experience. Other than this, these solutions can also help with: Making clearer and smarter data-driven decisions Encouraging policy compliance automatically into travel and expense process flow Saving time to collect data from expense reports automatically Simplifying budgeting Forecasting a more accurate data of the spend How Can You Streamline Your Travel and Expense Management Process? Automated travel management software can help your employees and finance team use the travel and expense management solutions for their benefit. But how? Here are the reasons to support: Employees could: Effortlessly manage receipts and submits the details of corporate travel Submit digital travel and expenses report instantly using a centralized travel and expense software Maintain compliance with the existing reimbursement policy for corporate travel and expenses in your company Finance teams could: They can create transparency in corporate spending reports by using travel management software and its automatic function. They can have better control over their travel expenses. 5 Ways Travel and Expense Management Solutions Can Help Companies Travel and expense management solutions give all travel and expense management services easy access to align in one place. By doing this, you will be able to gain more control over services and enforce compliance. Here are five ways your business can effortlessly adopt new travel and expense management solutions and help you win challenges faced during the pandemic. Review the Selected Solutions Before you implement a travel and expense management system, it is vital to review preferred travel and expense management solutions that your business requires. This will help the travel expenses workflow align seamlessly and make employees understand what it takes to manage the entire travel expense scenario accurately. Conduct Surveys If you are going to switch the old travel expenses method and adapting advanced travel and expense management solutions, it is crucial to survey the users who have used the solution and know its performance. This survey will help your employees to know if the chosen travel management software suits your requirements. The next step is to keep an eye on the most frequent and critical users, which will help you to have a clear insight into new trends that are being followed in terms of managing the workflow efficiently. By this, you can also implement it in your company. It also helps identify where your process needs refinement to facilitate efficiency in the expense management system. Prioritize the Must-haves The next step should include the collected input from the survey for setting up the foundation of priority of needs. In this case, creating a checklist is an ideal option. Prioritizing the best travel management software with apt travel and expense management solutions according to your workflow can help you select the right travel expense software for your organization. You can select travel and expense management solutions that consist of: Report building automation Auto fill options Remote access User-friendly interface Helpful support Mobile functionality Quick international payment Introduce Demo Sessions If you use an advanced global travel and expense management system, it is recommended to provide demo sessions of the preferred travel and expense management solutions to your team. The demo sessions could be an opportunity for your team to witness travel and expense management services created from reputable travel management software in action. With this, you can know about a host of details about the implementation of travel expense software, integrations, user training, travel and expense process, and its flow. This contributes towards the successful adoption of a travel expense system and proves the abilities of the travel and expense management solutions selected by you to scale your business as it grows. Choose a Solution Once you have organized multiple demo sessions of various global travel and expense management solutions, it's time to choose the best travel expenses management software that fits your company's culture and requirements. Take a good look at the pros and cons of the final travel expense planner you consider for integrated expense management solutions to combat your existing challenges. Being cautious while choosing the right global travel and expense management solutions will benefit your employees, and they will be able to use it for the company's advantage at a much faster pace. Frequently Asked Questions What you should know about expense management software? Here are some benefits of an expense management software: Ease of access Minimum manual intervention Higher cost savings Faster reimbursements Eco-friendly process (no paperwork) A simple process that simplifies workflow Encourages errorless work and delays Your employees can find the best travel and expense management solutions using various expense travel management software. How to manage travel expenses? There are several travel and expense management solutions to manage travel expenses. Here are some ways in which you can manage your travel expenses: Keep a track of expense details Plan ahead before setting a policy Stay aware of the policies Have an effective approval process of expense Organize spend data Why use an expense management software? An expense management software helps a business ease expense reporting, manage other aspects, and deliver the right travel and expense management solutions. It offers efficient workflow to the finance teams while recording expenses, data, approvals, controlling costs, and more. What are the most crucial features to manage expenses? The most crucial features to manage expenses are: Real-time policy checks The seamless expense reporting process Digital audits Advanced level of data analyses Easy approval process { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What you should know about expense management software?", "acceptedAnswer": { "@type": "Answer", "text": "Here are some benefits of an expense management software: Ease of access Minimum manual intervention Higher cost savings Faster reimbursements Eco-friendly process (no paperwork) A simple process that simplifies workflow Encourages errorless work and delays Your employees can find the best travel and expense management solutions using various expense travel management software." } },{ "@type": "Question", "name": "How to manage travel expenses?", "acceptedAnswer": { "@type": "Answer", "text": "There are several travel and expense management solutions to manage travel expenses. Here are some ways in which you can manage your travel expenses: Keep a track of expense details Plan ahead before setting a policy Stay aware of the policies Have an effective approval process of expense Organize spend data" } },{ "@type": "Question", "name": "Why use an expense management software?", "acceptedAnswer": { "@type": "Answer", "text": "An expense management software helps a business ease expense reporting, manage other aspects, and deliver the right travel and expense management solutions. It offers efficient workflow to the finance teams while recording expenses, data, approvals, controlling costs, and more." } },{ "@type": "Question", "name": "What are the most crucial features to manage expenses?", "acceptedAnswer": { "@type": "Answer", "text": "The most crucial features to manage expenses are: Real-time policy checks The seamless expense reporting process Digital audits Advanced level of data analyses Easy approval process" } }] }

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How modern companies are disrupting business travel

Article | March 4, 2020

For decades, people had two ways to make travel arrangements. There’s the do-it-yourself (DIY) approach, beloved by individual travelers and small groups for its budget-friendliness and accommodation of various preferences. There’s also corporate travel management, used by business travelers and companies with no time or patience to plan for frequent work trips. Unlike personal travel, business travel has several limitations: which airlines and hotels a company can book with, where and how bookings can be made, and what expenses are considered valid for reimbursement.

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Rebuilding travel together: What we know and where we’re headed

Article | April 13, 2021

The past year has been one of the most challenging for the travel industry. We saw the end of the expansion of the sector replaced by uncertainty, but it has reinforced our mission to bring the industry together to respond to travelers’ needs. Our industry is famously resilient. Following the initial shock of the pandemic and the reduction of global travel volumes, the industry has rapidly adapted. Despite the challenges of this crisis, there is cause for much optimism because of two fundamental reasons: people’s innate love for travel and the creativity of our industry. Both will help to harness new opportunities for our industries as we rebuild.

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Booking.com Predicts the Top Travel Trends for 2020

Article | February 21, 2020

Drawing on its expertise as a leader in travel and technology, Booking.com predicts 2020 will be a year of travel exploration like never before, fueled by technology as well as a growing sense of responsibility and deeper connection with the people and places we visit.

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Spotlight

JSH Hotels & Resorts

JSH Hotels Collection is a leading hotel management group that manages a global portfolio of 18 independent and international hotels and resorts in Italy, Austria, and Switzerland. Ours is a dynamic, young and diversified company whose key factor for success is the respect for a precise scale of corporate values and a culture of travel that by necessity departs from people.

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