Simulate Your Budget with PredictX

The Challenge 

A mid-sized European retailer needed to budget for a return to travel following a period of travel ban due to the 2020-21 pandemic. However, because their return to travel looked very different to the old policy program, they had to plan and budget from the ground up.

The Solution 

PredictX deployed the Simulation Engine, packaged with Budget Planner. This allowed the travel team to view the simulated impact of the new policy on each and every department, based on their previous activities, as well as current fares and rates. The application also allowed for an increase in travel spend to be built into budgets across the board, to allow for an executive-led loosening of travel class policy, and for a planned increase in the size of the sales team to be allowed for.

The Impact

• Proactive visibility was achieved.
• The travel team could operate as an internal consultancy with its departments.
• A total view of the level of travel and its spend., as well as a view of sourcing activities. 

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