Do you know what MICE is? Meetings, Incentives, Conferences, and Events. The MICE segment of corporate travel has a huge market across the globe where companies pay for their clients, employees, partners, etc.
According to Statista, the global MICE industry size amounted to roughly 920 million U.S. dollars in 2019. and it is projected to reach approximately 1.8 billion U.S. dollars by 2030.
Therefore, many corporate companies work in this industry efficiently. Because travel management is a crucial aspect of ensuring smooth business operations. With the ever-increasing complexity of travel arrangements, businesses are turning to advanced technology solutions to streamline their corporate travel processes.
In this blog post will delve into the top 8 corporate travel management software companies that are leading the charge in revolutionizing how companies manage their travel needs.
1) SAP Concur
SAP Concur stands tall as a pioneering corporate travel management software. It is a cloud-based platform that offers a comprehensive suite of features, including travel booking, expense reporting, and invoice management. The user-friendly interface and integration capabilities with other business systems make it a favored choice for organizations of all sizes.
2) Egencia
Egencia, powered by Expedia Group, is a corporate travel management solution that prioritizes traveler satisfaction. With its user-friendly booking interface, extensive accommodation options, and robust reporting tools, Egencia caters to the needs of both travelers and travel managers.
3) TravelPerk
Recently, NexTravel is acquired by TravelPerk but they are known for their software customization and flexibility, allowing businesses to tailor the platform to their unique travel policies. It simplifies travel booking, offers detailed reporting, and integrates seamlessly with various expense management systems, making it a versatile choice for companies with specific requirements.
4) Expensify
Expensify takes the hassle out of expense reporting with its innovative automation tools. Apart from simplifying expense tracking, it offers features like receipt scanning, approval workflows, and policy enforcement. With Expensify, managing travel expenses becomes efficient and error-free.
5) NAVAN
TripActions acquired by Navan, is a software which combines travel booking and expense management into a single, intuitive platform. Its AI-driven technology suggests personalized travel options while also ensuring policy compliance. The platform’s real-time data insights empower businesses to make informed decisions on their travel expenditures.
Amadeus Cytric Travel & Expense offers a comprehensive solution covering all corporate travel management aspects. From booking flights and hotels to managing expenses, it provides a seamless experience. The platform’s analytics tools help organizations optimize their travel budgets and policies.
7) Serko
Serko’s travel management platform is designed to enhance efficiency and control. Its AI-driven tools assist in booking and expense management, while also ensuring compliance with company policies. Serko’s end-to-end solution is ideal for businesses looking for a holistic approach to travel management.
8) Certify
Certify is renowned for its user-friendly interface and automation capabilities. It simplifies expense reporting and travel booking, reducing the administrative burden on both travelers and managers. Certify’s data-driven insights enable companies to make strategic decisions about their travel spending.
Editor’s Note
In an era where corporate travel plays a pivotal role in business success, investing in the right travel management software can yield substantial benefits. The top 8 corporate travel management software companies mentioned above offer a range of solutions catering to various needs and preferences such as international meetings and conferences. However, incorporating corporate travel software can help businesses optimize expense reporting, simplify booking processes, or gain valuable insights from data analytics, These platforms empower businesses to navigate the world. It is also important to travel efficiently in order to manage corporate travel efficiently and effectively.
Keep voyaging!
