TravelNewsAsia.com
Tue, 31 July 2018

CWT Launches Travel Consolidator

Carlson Wagonlit Travel has launched CWT Travel Consolidator, an analytics tool that captures every part of an organizationís travel and expense spend.

The web-based platform combines air, hotel and ground transport transactions booked through the TMC with credit card, expense and HR data. This data reveals the hidden costs of business travel and off-channel spend, enabling travel managers to identify missed savings opportunities, improve compliance and increase organizationsí negotiating power with suppliers.

The web-based platform combines air, hotel and ground transport transactions booked through the TMC with credit card, expense and HR data. This data reveals the hidden costs of business travel and off-channel spend, enabling travel managers to identify missed savings opportunities, improve compliance and increase organizationsí negotiating power with suppliers. Click to enlarge.

CWT Travel Consolidatorís data algorithms consolidate, standardize and clean up the data, saving travel managers the time and hassle of having to fix inaccuracies. Having all their data on a single platform, with configurable dashboards and reporting capabilities, means travel programs can be more efficiently managed with all card, travel and expense data integrated in one place. 

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.

CWT Travel Consolidator not only reveals these costs but also attaches them to the trips and travelers who incurred them. Costs can be then be cut, reported and analyzed by trip, cost center, organizational structure, route, on vs off-channel, and supplier.

ďGathering, matching and reconciling travel and expense data is challenging and itís often hard to get the full picture of the total cost of a trip,Ē said Christophe Renard, Vice President, CWT Solutions Group. ďCWT Travel Consolidator gives you that visibility Ė and can save up to 7% on travel costs.Ē  

A CWT-sponsored survey by the GBTA Foundation found that 64% of travel managers feel they donít 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.

To help travel managers get the most out of the tool, CWT has a team of 160 travel sourcing and optimization consultants who can advise clients, enabling them to make sense of their data and take informed decisions to improve their travel programs.

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