MIAMI, Aug. 19, 2015 /PRNewswire/ -- Amadeus, a leading provider of advanced technology solutions for the global travel industry, announced today that travel management companies (TMCs) and corporations in the U.S. and Canada will be able to take advantage of a wide array of new travel and expense integration options. Amadeus has partnered with leading providers DATABASICS, Expensify, Certify, and Chrome River to bring more capabilities and efficiencies in the delivery of corporate travel end-to-end booking, expense reporting and management to Amadeus customers.
"Our corporate travel customers have been asking for a wider array of integrated expense management options to serve their customers, especially in the small- to mid-enterprise segment. So partnering with providers who are highly rated and offer robust and competitive products and value will help assure our customers have what they need to serve their travelers and their business," said Jay Richmond, head of Business Travel Sales and Account Management, Amadeus North America.
With approximately 10% of the average corporation's total budget being spent on travel and expense (T&E), it is critical for TMCs to help corporations monitor and control costs*. The integration of the new expense management tools will help facilitate this mission for Amadeus-powered TMC customers. Additionally, approximately 53% of corporations today are utilizing automated expense management solutions, giving TMCs a great opportunity to add to their service offering, attracting more corporate business.**
The integration of these new expense management tools will deliver benefits for corporations and TMCs including:
- Freedom of choice: By integrating with numerous expense management companies, Amadeus customers will have the ability to choose the expense management system that best meets each of their corporate client's needs.
- Seamless integration: Itinerary and booked pricing information is seamlessly integrated into the expense system, where it is matched with credit card and receipt information. Not only will that minimize data entry by the traveler, but it will provide management with enhanced data for reporting and benchmarking, including "booked versus actual" analysis.
- Better analytics: TMCs and corporations will be able to better analyze both past and future travel spend, vendor performance, budget adherence and out of policy travel spend, as well as many other analytics. This pre-trip information can be used effectively by the TMC and corporations to reduce costs and facilitate vendor negotiations.
- More capabilities: The integration of the expense application delivers more expense management capabilities to corporations. Single sign on, profile synchronization, and most importantly, trip details and expenses, can be automatically populated into a traveler's expense report at the time of booking and not solely at the time the expense is incurred.
DATABASICS is the first expense management company to complete integration in Amadeus e-Travel Management (AeTM), the online self-booking tool that serves corporations' travel needs through a single entry point. Integration of Expensify, Certify and Chrome River will be completed in the coming months.
Amadeus offers an innovative portfolio of Corporate Travel IT solutions and services to enable TMCs and corporations to best control their global travel programs and optimally manage costs while empowering business travelers. Visit www.amadeus.com for more information.
*Aberdeen Group 2014 T&E Management Guide
**Pay Stream Advisors 2013 Travel & Expense Management Benchmark
Notes to the editors:
Amadeus is a leading provider of advanced technology solutions for the global travel industry. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies).
The Amadeus group employs around 13,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as 71 local Amadeus Commercial Organizations globally.
The group operates a transaction-based business model. Amadeus is listed on the Spanish Stock Exchange under the symbol "AMS.MC" and is a component of the IBEX 35 index.
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