Travel Cost Savings with PredictX
Your program is under constant pressure to achieve and realise savings. The easy savings in most programs have already been made. The next step requires new approaches.
Finding opportunities for savings is hard. Most programs create a maze of data from myriad sources, which means the gaps and opportunities are almost impossible to find. Even if you do find and execute on them, it’s equally difficult to report on them. PredictX manages this entire process, from ingesting and aligning your data sources to showing you opportunities for action, and then communicating the savings made once you’ve taken the action, the complex becomes simple.
Key Features:
All your data in one place - from many TMCs, card providers and even expenses systems: get a single holistic view of your business’s activity
Simulations enable you to firstly test for yourself the predicted impact of changes, then demonstrate them to counterparties, winning debates and getting approvals where they are needed
Measure impact across all business travel activity, including air, hotel, and ground transportation
Automatically reports on the outcomes, and has AI such as large language models built in and used to explain the benefits that your program has brought to the organisation
Key Problems Solved:
Find where the opportunities are in your data
Use predictive analytics and machine learning to demonstrate the impact of changes you can make to both your business and your suppliers’ revenue
Resolve friction in support reviews by demonstrating your value to them on terms they understand
Communicate frictionlessly with your stakeholders and demonstrate your value to leadership
How it works:
Data ingestion:
We ingest 200+ travel and expense data sources,
validate them based on ML models, cleanse and consolidate the data lake.
Methodology:
We utilize industry-leading methodology, including accurate adjusted distances and emissions output
by aircraft type.
Reliable data:
We provide deep dive insights across your entire program to provide real impact insight, performance vs goals and budgets, model equivalencies and offsets applicable to your business, and generate forecasted emissions based on current activity for effective planning.
Actionable insights:
We provide reliable and accurate segment data,
taking advantage of the PredictX knowledge engine
and data lake.