PREMIER INSIGHTS offers intelligence and explicit recommendations to streamline travel management
Toronto—American Express Global Business Travel (GBT) has launched PREMIER INSIGHTS, a data visualization tool, which provides companies and their travel managers with a view of their travel program to drive greater efficiencies, improvements and savings.
The tool integrates American Express Corporate Cards and travel booking data into a single platform, said GBT, providing companies and their travel managers with access to a single-source view of their entire travel program.
Through PREMIER INSIGHTS, travel managers can assess program leakage (areas where travellers book outside their company’s policy) and determine potential savings opportunities by calculating the amount that could be saved if a traveller showed an increase or decrease in certain behaviours, GBT said. By using the tool’s capabilities and sliding scales, travel managers can experiment with different scenarios before policy changes and decisions are made, to discover new ways to save and assess their performance compared to industry peers and other companies with similar travel volumes.
The product also integrates card and travel data in one place, allowing travel managers to maximize their time spent evaluating travel and spend data and quickly determine how well their program objectives are achieved. Companies can access at-a-glance summaries or in-depth reports of their travel program within the tool, along with supplier-specific information and savings recommendations.
PREMIER INSIGHTS incorporates key elements of a company’s travel policy, enabling travel managers to view, track and compare their travel programs and determine how business units and individuals are performing. Travel managers can track and influence employee compliance by examining their company’s performance assessments to see how they measure against established policies and compare these assessments against other industries.
This data can be viewed by a company’s relationship with suppliers, geography, business unit or at the employee level. By accessing and filtering specific traveller data, companies are able to streamline how they manage their travel program.
The tool is expected to integrate other corporate card types and booking data into the platform later this year.