Best Travel Management Software include:
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What is Travel Management Software?
Travel Management Software, also called Corporate Travel Management (CTM) Software, is designed to help companies coordinate the travel activities and expenses of its employees. These products handle a variety of tasks, such as booking hotels and flights, coordinating the travel schedules of all traveling team members, and recording travel expenses.
Travel management software allows companies and individuals to spend less time manually planning trips and logging travel expenses. It also provides solutions to unforeseen travel mishaps, such as a canceled flight or overbooked hotel. In these cases, a comprehensive travel management product will manage the process of finding the next best lodging and booking a new flight.
This category of software products overlaps with Expense Management Software for keeping track of employee expenses while on the road. Many travel management tools also include expense tracking.
Some examples of products that include both expense management and time management capabilities are:
Travel Management Software Features & Capabilities
Travel management products often include the following features:
Hotel and airline booking
Generating master itineraries
Individual schedule management
Schedule coordination among team members
Travel expense reporting and tracking
Tax payment and reporting
Travel-plan calendar synch
Travel document storage
Travel alerts and reminders
Weather forecast updates
Flight cancellation assistance
Destination condition updates
Traveler safety and security management
Travel policy management
Many vendors offer either free trial period of their product or ‘freemium’ version that includes a smaller set of features.
Pricing models for time tracking software vary by vendor and by type of plan. Vendors that offer stand-alone travel management products may charge a flat monthly fee, a monthly per-user fee, or an annual fee. Flat monthly fees start at around $50, while the lower end of per user per month fees is around $10. Prices for annual fees depend on the size of your business and the number of software users.
Travel management solutions that are part of larger suite offerings (these may be paired with travel expense and risk management products) are generally more expensive.