Times are changing. The sharing economy is booming and shows no slowing down. The new age entering the workforce have an alternate attitude about business travel. They are tech-savvy, they are increasingly about going on trips that are personalized for them, and they are all about mixing business and leisure. Expanded compliance for organizations implies […]
Corporate Travel
Expense Management : Virtual Payment
In this new era, people feel to go cashless which is safe and more flexible. Imagine an employee going on a business trip must maintain all the records of the trip such as the bills of cabs, flights, hotels, restaurants etc, and later the employee can reimburse the bills once he/she is back from the […]
Leverage Price Drops on Domestic Flights to Save More
Have you ever wondered if there was a way to figure out when is the best time for booking a domestic flight to ensure maximum savings on the trip that you have been planning for so long? Given the cost aspect which ascertains the travel cost as part of the total trip expenditure, we […]
5 Ways Business Travelers disrupt the rules
In 2018, we may expect that developing advances and better procedures may have reduced the amount of cash organizations are losing because of business travelers adding unnecessary costs to their travel spend. We have our extra value air travel savings tool TrackMyTkt, which leverages the technology to track flight prices in real time from […]
Automated GST Reconciliation by TrackMyTkt
Tax invoicing and reconciliation are not new to any taxpayer. But under the new GST regime, the process of tax filing post-reconciliation with the books of accounts has gained more significance as the accuracy of the Input Tax Credit claimed by businesses is tracked by the GST authority at a higher frequency. Also, the […]
IMPACT OF GST ON BUSINESS TRAVEL
We have changed the way we carry out business transactions by way of GST implementation. It was launched with the primary intention to reduce all the indirect taxes into one single tax structure. The best part is, it has helped the corporates save on their business expenses through the process of claiming their input tax […]
5 Techniques to Enhance your Company’s Travel Policy Compliance
Survey of Corporate Travel Managers by the Association of Corporate Travel Executives (ACTE) revealed that 72% of Corporate Travel Managers have not accomplished their desired travel policy compliance level yet. If compliance is the main goal for the organization as well as corporate traveler security, it’s important to think about strategies for enhancing adherence […]
Why Hire a Business Travel Manager?
In order to grow and succeed in today’s fast-paced business world, numerous organizations depend on a robust corporate travel plan. From getting the best flights to booking the hotel accommodations, travel manager and their teams are entrusted to do a wide variety of activities – which are all crucial to guarantee a safe and […]
4 Best Ways to Save Money on Corporate Travel
India is the world’s fastest developing major business travel market. As per the Global Business Travel Association, India will be among the top 5 in business travel spending by 2030. With regards to adopting managed travel, Indian companies are slowly engaging with their counterparts in more mature markets like the US and Europe. Saving […]
Trends & Opportunities in India’s Corporate Travel Landscape
KPMG and FCM Travel Solutions released a white paper on “Corporate Travel in India – Emerging Trends and Opportunities”. The report predicts that the corporate travel spending in India will rise by 12% YoY in next 5 years. The paper clearly tells where and how corporate travelers in India are spending. In the report, there […]