How Can Technology Help TMS To Streamline Business Processes And Optimize Revenue?

As the pandemic continues to lose its momentum on us, the world has begun traveling again. One of the most sought out experiences today would be to take a trip to make up for the year that we couldn’t, which brings back a lot of opportunities for the travel sector to grow. Travel Management System or TMS has gained more traction during this period, which also means that digitization will be at the forefront of the travel and logistics industry, switching the trend to match the era of the digital revolution. Travel management companies can benefit a lot by leaving behind conventional systems and adopting TMS. Curious to know what TMS entails and how it can enhance the profits of a company? This blog will cover all that you need to know!

What is a Travel Management System?

A travel management system assists travel managers in booking trips, tracking, and analyzing business tours or travel. Generally, a travel management system offers travel policies, travel inventory, and reporting features. A TMS also makes clients more independent by promoting self-service and removing aggregators that take extra time and charges. However, it also consists of the complete corporate travel management processes. From the planning phase to applying for travel with legal documentation and monitoring these trips, TMS has several features that simplify and streamline the entire experience so that business clients don’t have to make a considerable effort from the planning phase to applying for travel with legal documentation and monitoring these trips. Some of the best Travel Management Systems look after the following aspects:

  1. Ease of booking for managers
  2. Self-booking for clients
  3. Free multichannel 24/7customer support
  4. Substantial travel inventory
  5. Automated travel policy compliance with personalized policies
  6. A future-ready tool to scale and acclimate
  7. Zero extra charges for travel assistance
  8. Centralized invoicing
  9. Travel spend analytics

How can TMS improve operations for Travel Management Companies?

If companies wish to thrive in the ongoing decade and the ones after that, hopping on board with this technological upgrade is imperative. One can choose to look at TMS in a way as an investment that will help travel management companies get a lot done in lesser time and make more profits too. These are ways that Travel Management Systems can bring in more revenue to a travel business:

(1) Streamlined process:- While earlier travel bookings and logistics were messy with too many hands in the pot, TMS has reduced the interference of third parties by streamlining the entire process from booking to the actual trip by creating a seamless transition for both travel managers and the customers.

(2) Diminished travel expenses:- If everything can be done from one portal and company while most processes are automated, a travel company will be spending much less on the workforce while passing on the cost-benefit to its clients.

(3) Creates valuable corporate travel insights through data:– Data analytics of customer bookings and trends is one of the biggest gold mines at the moment. A travel management company can benefit by using this data to generate actionable insights.

Traveling Management Systems have brought the business travel industry an excellent opportunity to recover from the setback of 2020 with its bespoke solutions. We remain optimistic that they will be able to rake in profits with complete travel optimization while enjoying simplified processes.

QuadLabs is one such travel technology company which is accredited and multiple award winner, offering the most appropriate solutions to travel agencies who want to achieve their organizational goals. They are a leading company operating worldwide with extensive expertise in giving relevant technical assistance to companies looking to advance their customer base and revenue.

How technology has revolutionized the travel industry over the last decade?

There is no doubt travel technology has revolutionized the travel industry in the last few years with the emergence of high-speed internet, advanced featured smartphone and other Technologies. If we go to an earlier time, not far, just couple of decades ago, we would find that travelling was extremely difficult, combustive, and expensive proposition. The constant need of human intervention of professional consultants were required for leisure and flight bookings. Digitisation has increased the knowledge base of individuals creating interest and preferences in various destinations in the world. Information and reviews available on the web has empowered the customer to choose services they require and make effective decisions.All this is due enhanced travel technology solutions that ensures easy access to a Traveller.

QuadLabs is one of the most popular and award-winning travel Technology Company which empowers Large Corporates, Travel Agencies and Individual travellers, to provide the best possible technology within their system that helps them tractor sales and provide quality service.

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QuadLabs announces restructuring in the Leadership Team

QuadLabs Technologies, a leader in the travel technology space, announces a major restructuring in the Leadership Team in an effort to better align the company as it sees increased global growth.

QuadLabs Technologies today announced a major restructuring in the Leadership team as they see increase in Local & Global demand in their products & services. As a part of the restructuring, multiple business verticals are created internally and each vertical is now headed by Industry veteran. The focus is on making each vertical independent and working towards a common goal of the company.

QuadLabs launched Travog, a corporate travel & expense management system, almost 2 years back in the market. This system is now adopted well and praised by some of the biggest TMCs & Businesses in the world.

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QuadLabs launched Universal Travel App

During ATM Dubai 2018, QuadLabs launched its Universal Travel App – “Travog”. Travog empowers corporate as well as Leisure travelers to book their travel from the same platform and provides multitudes of options from various suppliers and TMCs across the world.

Travog is a unique travel app which provides both business and leisure customers to book Flight, Hotel, in-destination content like Uber, Lounges, Meeting rooms, Restaurants, etc. from the suppliers of their choice. Travelers now do not need to go to various apps provided by their TMCs, OTAs, Airlines or service providers. Travog not only let the user to book their travel but also consolidates all purchases in an expense reports for each trip.

This universal travel app also validates the expense policies for corporate travel and sends notifications to manage approval work flow.

Travog is an extension to the current award winning web platform of QuadLabs launched last year with the similar name. It connects with QuadLabs global profiling system in the backend which recognizes the traveler and provide the content based on his company policy, preferences and the past buying behavior. It makes sure that traveler is choosing the right option as per the company policy and consolidates all purchases made by the company.

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QuadLabs recognized as World’s Leading Travel Management Solutions Provider at World Travel Awards 2017

QuadLabs Technologies world leader in Travel Technology, emerged as the winner of the ‘World’s Leading Travel Management Solutions Provider 2017’ by World Travel Awards. The honour was unveiled in the prestigious ceremony held at JW Marriott Phu Quoc Emerald Bay, Vietnam on Sunday, 10th December, 2017.

World Travel Awards celebrates its 24th anniversary year in 2017. It is the most prominent fraternity recognizing and rewarding the excellence across all key sectors of the travel tourism ; hospitality industry. It invites over 650,000 individual votes from travel professionals and high-end tourism consumers.

QuadLabs has continuously distinguished itself by focusing on delivering world-class Technology products to the travel industry. Their products have significantly contributed in improving the business processes, optimizing revenue stream and enhance customer service experience. With over 90 midsize to large scale esteemed customers spread across 26 countries which include Asia, Middle East, Latin America, Europe and Africa. For the past 11 years XChange ERP platform has evolved adding new features and functionalities to improve and adapt changes based on specific geographies benefiting the global travel enterprises.

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