Impact of Pandemic 2020 on the business travel industry with value-added service from Xpenseco.
Business Travel is currently one of the most affected sectors and forecast for international arrivals and receipts, though emphasizes that such any predictions are likely to be further revised.
Against a backdrop of travel restrictions being introduced, Xpenseco will support for the business travel. A possible long-term impact has been a decline in business travel and international conferencing, and the rise of their virtual, online equivalents. Concerns have been raised over the effectiveness of travel restrictions to contain the spread of COVID-19.
COVID-19 continues to spread rapidly around the world. Almost every country has reported cases, but the burden is asymmetrically distributed.
The pandemic continues to expand. More than 200 countries and territories have reported cases of COVID-19, the disease caused by the coronavirus (SARS-CoV-2).
Since, tourism is one of the largest and fastest growing industries globally; it is expected to play a significant role in regaining the socio-economic stability after Covid 19 pandemic. It is a key contributor to the most important industries that generates much needed foreign currency in the economy.
Xpenseco supports the business travel on the followings.
Optimization of your savings: – Right cost-saving opportunities quickly. Our platform offers accurate forecasting and visibility of spend BEFORE and AFTER travel. It supports you see what your travelers are spending, meaning you can make informed decisions to set spending limits and optimize your business travel policy.
Compliance Stress-free:- Eliminate travel and expense separation. We provide one place where all corporate travel and related expenses can be easily managed. Door-to-door booking via our online booking tool means you have sight of total trip activity and a smart graphical timeline to help you keep track of compliance and spending.
Efficient and friendly service :- Our expert team takes pride in their thoughtful approach to planning your holiday. We find out what you think might make it extra special, then sprinkle in our special little touches (even a surprise to enjoy while you’re away) to help create your dream holiday.
Flexible and hassle-free :- We’re here to take the stress out of the holiday planning process. You can be as involved as you want, and you are always in control. Everything is tailored to your exact needs and tastes, and we will keep tweaking and adapting until it feels just right.
Insights and reporting Knowledge is power. And our analytics and reporting products deliver through robust data, insights, and bench-marking so you can clearly understand your entire business travel during this critical period.
Having a good platform for registering expenses and managing corporate cards is therefore essential, as the right choice typically is able realise the following benefits for your company:
Expense Connect can also identify which transactions are reimbursable to the employee and which transactions should be billed to clients, virtually eliminating administration of expenses in Dynamics.
With defined approval structure XpenseCo will make the complete cycle and every transaction auditable.
XpenseCo is completely mobile devices compatible, with mobile capability employees can capture the expense and attach a receipt in real-time no need to keep the receipts.
Employees can do booking and approval from the mobile device itself.
Using our connector now businesses can post all the financial data directly into any Global ERPs e.g SAP, Oracle, MS AX 2012 , MS D365 F&O , Tally as well. We have integrated our solution with known HR system as well (e.g SuccessFactors , Peoplesoft, MS Talent), so that any new joineries will be automatically onboarded with XpenseCo and can start filing travel and expense related requests.