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INSIGHT

Let data do the driving, allowing you to action savings

Today’s business travel programmes deliver huge amounts of data – everything from details of hotel bookings and flights to individual passenger expenses and preferences for food, seats and rooms.

But without the technology to mine, collate, examine, correlate and analyse this data – Big Data as it is now known – your company will be missing out on a huge opportunity to take more meaningful, tangible and effective spending decisions.

And it is these tools and methods that FCM offer our customers to help them make the most of every bit of the quantitative data produced when their employees travel on business.

In a globally-connected world, your data is global too. These data sets may be complex and spread over multiple offices and territories, but you no longer need to be a world-leading statistician to understand what it all means.

FCM’s data technology is your secret weapon to delivering greater savings and efficiencies. It will reveal patterns and trends and these business insights will define how you can drive improved business travel programme performance.

Big Data’s benefits come from its improved collection and analysis methods as well as through its interpretation. It is here that we can usher in the changes that will benefit your bottom line.

Such a huge amount of data also allows us to benchmark every area of your travel programme from traveller buying decisions to the level of business awarded to certain suppliers. This will improve your policies but fuse it with using data to identify common mistakes that are costing your business unnecessarily and the resulting savings can be balance-sheet changing.

Katy Byrne, FCM Global Data and Business Standards Leader says: “By ensuring Travel Managers have access to key metrics in real-time with reporting that blends historical travel and expense data with upto- date data dashboards, we can provide immediate visibility of your organisation’s comprehensive travel spend.

At FCM, Big Data means nothing unless it is smart data that identifies problems and then offers solutions.

Your entire collection of global travel programme data is the key to answering the questions you want to ask, and those you didn’t even know you needed to ask. Only then can you truly deliver on your business goals.

Crucially it can come from multiple sources outside of your business as well as inside and at FCM our next-generation data technology transforms your business travel programme for the better.

As a global organisation, we recognise that data is a critical resource. We recognise too that the ability to analyse and mine it will shape your business travel programme. And we recognise that high-quality, clean, transparent and organised data offered in real-time and with a wide-range of reporting functions can be the lifeblood of your business – and ours.

That is why we offer you the data you want, when you want it and how you want it with the authority and trust that you would expect from a market-leading TMC such as FCM.

“It is important to remember that you can’t manage what you can’t see, so this is a crucial step towards using data most effectively within your business.”

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