Get a complete view of your travel and expense program with PredictX
Understand total trip costs, see where leakage and hidden spend occurs, and transform your grasp of your travellers’ behaviour
Unlock the full power of your travel and expense data with PredictX. Designed specifically for T&E managers, this intuitive extension of PredictX's platform enables you to craft and customize reports with ease. Whether you're responding to new reporting requests or automating complex data tasks, Hollywood Studio places the control in your hands. With no technical expertise required, you can create dynamic dashboards, insightful visualizations, and comprehensive reports that drive decision-making. Transform your data into actionable intelligence and tell the story that matters to your business.
Key Features:
Key Benefits:
Improved supplier management, manage negotiated rates for non-availability
Savings opportunity, managed program gaps
Cost reduction, vendor upselling or halo activity and its impact on spend with a vendor
Improved compliance management, opportunity to action non-compliance strategies
Identify and reduce leakage, accurate and actionable leakage information
How it works:
Data ingestion:
Methodology:
Reliable data:
Actionable insights:
FAQs
Frequently Asked Questions About Corporate Travel & Expense Data Consolidation
Corporate travel and expense (T&E) data consolidation involves gathering, cleaning, and unifying data from various sources—such as travel management companies (TMCs), credit card providers, and expense reporting systems—into a single, comprehensive view. This unified data is essential for gaining insights, optimizing spending, and improving compliance.
Key benefits include:
- Improved supplier management and negotiation leverage.
- Identification of savings opportunities and program gaps.
- Cost reduction through identifying vendor upselling and leakage.
- Improved compliance management and action against non-compliant activities.
- Accurate and actionable leakage information for better control.
Essential features include:
- Complete view of all TMCs, cards, and expense systems.
- Alignment with corporate policies, structure, and preferred programs.
- Compliance management for preferred and non-preferred channels.
- Behavioral insights into traveler activities compared to bookings.
A robust solution should consolidate data from a wide range of sources, including:
- Travel Management Companies (TMCs)
- Credit card providers
- Expense reporting systems
- Direct booking platforms
- Meeting and event management tools
By providing a complete view of spend across all suppliers, companies can identify opportunities to consolidate volume, negotiate better rates, and manage negotiated rates effectively.
Data consolidation uncovers spend occurring outside preferred channels, identifies unauthorized expenses, and provides actionable insights to reduce leakage and improve compliance.
Data is ingested from multiple sources via API or other pre-built connectors, validated using machine learning models, and then cleaned and consolidated into a structured data lake. This process ensures data accuracy and consistency.
Reliable data provides deep dive insights across the entire program, enabling real impact assessment, performance tracking against goals, and accurate forecasting based on current activity for effective planning.
Actionable insights derived from consolidated data empower companies to identify and address compliance issues, capture potential cost savings, and refine travel policies for optimal results.
These solutions can provide detailed reports on the level of compliance with preferred channels to identify specific actions or non-compliance.