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