Market Overview

Traxo Announces New SME-Focused Travel Management Solution, Bringing Freedom and Flexibility to Corporate Travel for Small-to-Medium Enterprises

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Traxo CONNECT for SME Provides Cost-Effective Alternative for
Unmanaged Travel Programs, with Robust Booking Data Access, Hotel Rate
Assurance and Flight Disruption Protection

Traxo,
the leader in travel data aggregation and itinerary intelligence,
announced that it will debut its new Traxo CONNECT for SME (small
to medium enterprises) next week at the GBTA
Convention
in San Diego. Traxo CONNECT for SME is a new
corporate travel data management solution designed for companies with
under $10 million in annual travel spend and/or unmanaged corporate
travel programs, who are seeking cost-effective tools to easily monitor
and manage their business travel activity.

"Many small to medium companies have told us they need better tools to
manage their corporate travel activity, but really don't have a need for
the full-service solutions typically offered by TMCs (travel management
companies), and don't want to coerce their employees into using a
particular booking tool," said Traxo
Founder and CEO Andres Fabris
. "Our Traxo CONNECT for SME
solution gives these companies best-in-class tools to manage their
entire corporate travel spend, in real-time, while still providing their
employees the ultimate flexibility to book wherever it's most
convenient."

Based on Traxo's popular platform for corporate travel data management, Traxo
CONNECT for SME
includes:

  • Traxo
    FILTER
    , for seamless, real-time data capture whenever
    employees make a travel booking, without requiring the employee to
    forward emails
  • An easy-to-use dashboard for easy visualization of a company's current
    travel booking activity and spend
  • Real-time visibility into all employee travel itineraries, enabling
    optimal duty of care support
  • Downloadable reports to track past and future planned T&E spend
  • Integrated hotel price monitoring by TRIPBAM
    ensuring companies automatically get best available rates without the
    hassle of setting up travel policy rules or negotiating with hotel
    suppliers directly
  • Seamless integration with AirHelp,
    the world's leading flight disruption compensation company, to
    automatically process claims for flights eligible for compensation due
    to delays, cancellations, or denied boarding

Built-in Traxo FILTER integration allows companies to access all
employee business travel reservations, whether booked direct at airline,
hotel or rental car sites, or via any online travel or meta-search site
or mobile app. "As a result, employees have the freedom to book their
travel wherever they please, allowing them to earn their loyalty program
points, perks or benefits, yet still ensuring all essential cost and
itinerary data is automatically captured for corporate expense reporting
and duty-of-care purposes," Fabris noted.

As travel suppliers continue to enhance their incentives to encourage
direct bookings via their own branded web sites and apps, employees
(particularly the most frequent travelers with loyalty program V.I.P
status) are finding it more convenient to book outside company-mandated
channels, further exacerbating the growing leakage challenge.

According to a 2017
joint study by ACTE and American Express Global Business Travel
, "Managing
the Modern Business Traveller
" a company's road warriors tend to be
among the highest producing employees. Adding friction to their travel
experiences by limiting their flexibility can cause retention challenges
for the company since 28% of travel managers reported that employee
satisfaction with the company's travel policy is now a significant
and/or growing issue in employee retention.

"When you have comprehensive, real-time travel data access, forcing
employees into a single booking tool is unnecessary and runs counter to
the movement toward traveler centricity," noted Fabris. "With Traxo
CONNECT for SME,
companies can offer employees booking freedom while
still capturing the data they need to manage their programs effectively.
Real-time data visibility gives corporate travel managers lead time to
adjust employee travel plans if necessary, and with price assurance from
TRIPBAM they can be confident they're getting the lowest qualifying
hotel rates. Employees are happier and more productive, and travel
managers no longer have to spend their valuable time playing bad-cop."

Traxo's new product, specifically designed for unmanaged or lightly
managed corporate travel programs with less than $10M in annual travel
spend is available now. For more information, visit https://info.traxo.com/sme,
visit GBTA Booth # 1039, or attend the GBTA panel Off-Channel
Bookings: How to Manage What You Can't See
.

ABOUT TRAXO:

Dallas, Texas-based Traxo, Inc. provides itinerary intelligence and
travel data aggregation technology solutions to clients across the
travel ecosystem. With its industry-leading
data aggregation platform
, Traxo empowers corporate travel and
procurement organizations, travel management companies (TMCs), expense
management applications
and risk
management services
to comprehensively track and manage total
corporate travel spend activity from end-to-end, regardless of booking
channel. With its API-based services, private-label email parsing and
data normalization solutions, Traxo provides its clients with the most
robust suite of travel data aggregation services on the market. For more
information, visit http://www.traxo.com.

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