Expense Management

Expense Management

May 13, 2013

Infiniti Software Solution Holds Client Meet to Discuss Travel Management Tips

Increasing market pressures and competition have been compelling enterprises of all sizes and types to manage their travel expenditures in a better way to yield maximum benefits with minimum possible expenses.

Infiniti Software Solution, a provider of advanced software solutions for effective travel management, held its first client meet in New Delhi, India. Attendees of the event expressed that it helps companies save their valuable money when they move their travel and expense management processes online, as well as enhancing their financial status in long term.

The company organized a seminar titled “Bottom Line Basics” at the Radisson Blu Marina Hotel, Connaught Place on April 26 that had been attended by 42 delegates from across the region of Delhi and NCR.

Some of the speakers who expressed their views upon automated management tools at the event were Anand Bansal, vice-president of facilities and administration for Info Edge (the company that runs Naukri.com), New Delhi; Sanjay Pai, head of travel at Larsen and Toubro, Mumbai; and Shirish Bhandari of ICICI Bank.

At the event, Bansal explained how an array of online services offered by Infiniti, such as access to airline distress inventory, data analysis and pre- and post-trip travel approvals, have allowed the employees of Info Edge to considerably increase self-travel requests and achieve a better management of expenses. “The basis of expense management is getting rid of wastage and saving every rupee but not at the cost of quality,” Bansal added.

Gautam Ramanujan, chief commercial officer at Infiniti, observed that the data collected by the company’s research team emphasize that enterprises can cut around 20 percent on travel costs by opting for low-cost carriers (LCCs), and around 33 percent by making their travel booking seven days ahead on these LCCs. At the same time, savings of around 15 percent can be achieved by booking three days ahead on full-service carriers or (FSCs).

In July 2012, Omega World Travel, a global travel management company headquartered in Fairfax, Va., announced it has been awarded the UNICEF, New York HQ, travel management contract. According to the agreement, the company was supposed to support UNICEF's mission by providing customer care and complete travel management services.

Edited by Alisen Downey

blog comments powered by Disqus

FREE eNewsletter

Financial Technology Industry News