In 2024, corporate travel management has become more complex and demanding than ever. There is a need for efficient solutions to streamline business travel processes. The best corporate travel management software must bring a complete suite of tools to handle everything from booking flights and accommodations to expense tracking and policy compliance.
The latest platforms are using AI and machine learning to provide personalised recommendations, real-time updates, and data-driven insights. There is emphasis on user experience and mobile accessibility too. In that connection, we have to look at the top corporate travel management platforms in the market today.
10 Best Corporate Travel Management Software 2024
| Software | Features |
| Velocity Travel | Automated bookings, customisable trip options, real-time notifications, centralised communication, 24×7 support. Expense Management |
| SAP Concur | Book flights, hotels, car rentals, expense management, policy enforcement, OCR for receipts |
| Happay | Expense upload, prepaid company cards, spending limits, analytics dashboard, accounts system integration |
| TravelPerk | Booking flights, trains, hotels, meals; mobile app comparison; budget-friendly options |
| Webexpenses | Expense management, invoice processing, compliance, error checks, ERP integration, human support |
| Expensify | Receipt tracking, corporate card reconciliation, multi-level approval workflows, sync with accounting software |
| Coupa | Spend management, control and visibility over spend, customizable to business needs |
| Egencia | Booking travel and accommodation, data insights, travel policy adherence, 24/7 customer support |
| Spendesk | Spend management, spending reports, real-time insights, budget advice, accounting automation, credit card offering |
| Zoho Expense | Expense categorisation, process automation, fraud detection, integration with existing workflows |
Velocity Travel
Velocity Travel stands out as the best corporate travel management software by simplifying every aspect of business travel. It automates operations, allowing companies to handle enquiries, bookings, and quotes seamlessly—all this while providing customisable trip options. You can count on centralised communication, real-time notifications, and reminders to manage your corporate travel plans with Velocity Travel. The platform also supports adding travel products and generates transactional reports for better oversight.
Whether travellers require online requests or offline concierge assistance, Velocity.Travel offers 24/7 support and last-minute flight deals. It emerges as a wholesome, user-friendly solution for businesses to simplify their travel processes with uncompromising efficiency.
SAP Concur
If you’re looking for a comprehensive travel spend management solution for businesses of all sizes, SAP Concur excels. It integrates travel, expense, vendor invoices, compliance, and risk management. With its cloud-based platform and robust integrations, including NetSuite and Salesforce, SAP Concur provides powerful insights to streamline spending and reduce complexity. It is one of the best corporate travel management software available globally, supporting users through various training resources and 24/7 assistance.
Happay
Happay is a self-booking corporate travel platform where employees can book flights, hotels, and cabs while being compliant with company policies. It provides a transparent approval process, real-time travel updates, and in-depth analytics. Integrating with SAP Business One and QuickBooks, Happay is the best corporate travel management software for enterprises seeking to automate travel and expense management.
TravelPerk
TravelPerk simplifies the business travel booking process by consolidating the world’s largest travel inventory into one platform. It is accessible via a user-friendly dashboard and mobile app. It’s among the best corporate travel management software right now, where you can streamline booking for employees and offer finance teams easy tracking and reporting.
With the TravelPerk and Spendesk integration, companies benefit from automated invoice synchronisation as well. Approval workflows and seamless accounting integration ensure control and visibility over all travel bookings.
Webexpenses
Webexpenses automates business spending with a versatile management system that handles expense reports, compliance, and invoices. Integrating with your existing ERP, it streamlines workflows for businesses of all sizes in over 70 countries. With extensive support and over 100 annual software upgrades, Webexpenses presents the best corporate travel management software in India and abroad. It features custom configuration, ensuring smooth operations across diverse industries.
Expensify
Expensify is a robust corporate travel expense management software designed for companies of all sizes. It streamlines the process by automatically transcribing receipt details and categorising expenses. With features like corporate card reconciliation, multi-level approval workflows, and direct sync with major accounting software, Expensify is an umbrella solution for both simple personal expense tracking and complex corporate financial management. Founded in 2008, it supports seamless deployment across cloud and web-based platforms.
Coupa
Coupa is a spend management platform at the core. It is designed for medium to large organisations across all industries. As the best corporate travel management software 2024, it provides unparalleled control and visibility over company expenses and supply chains. With flexible deployment options and robust support, Coupa grows with your company, while your spend management practices adapt as your needs evolve.
Egencia
Egencia is an intelligent corporate travel management platform, with self-serve functionality and policy-driven booking guidance. Travellers receive alerts and advisories, ensuring safe and compliant travel. Egencia provides preferential rates with over 35,000 hotels and 90 airlines globally, saving an average of $600 per optimised international booking. Trusted by companies like Coca-Cola, BP, and Nasdaq, Egencia is categorised as the top corporate travel management software by reviewers and customers alike.
Spendesk
Spendesk is a versatile 7-in-1 spend management solution designed to streamline company travel. With this best corporate travel management software, businesses can securely book trips with virtual cards, manage payments with smart debit cards, and process invoices through simple workflows. With Spendesk, managers can approve expenses from anywhere, while finance teams maintain full visibility over spending. Ideal for companies with 30 to 1000 employees, Spendesk ensures travel supports business growth without adding administrative burdens.
Zoho Expense
Zoho Expense automates business travel and expense management effectively. It covers everything from booking and expense reporting to receipt conversion and card reconciliation. With features like multi-level approvals, spend rules, and budgeting, it enhances control and efficiency. Zoho Expense is no doubt the best corporate travel management software for mid-market and large enterprises. You can integrate it with tools like Microsoft 365 and Slack also.
Conclusion
As businesses have to contain the gamut of corporate travel, choosing the right management software is not easy. The best pick should balance efficiency, compliance, and user experience while featuring emerging technologies. Evaluate multiple options and align them with organisational needs to make it easy for you to make choices.
FAQs
What is a corporate travel management software?
A corporate travel management software streamlines the booking, tracking, and management of business travel. It automates tasks, enforces travel policies, manages expenditure, and provides related insights. Corporations use it to control costs, ensure compliance, and make travel plans more efficient.
What are the examples of corporate travel?
Examples of corporate travel include business meetings, client visits, company conferences, training sessions, and trade shows. These trips are planned to support business objectives, networking, and professional development.
Who manages corporate travel?
Corporate travel is typically managed by travel managers, procurement teams, or dedicated travel departments within a company. They handle bookings, policy enforcement, expense tracking, and coordination of travel logistics. However, many companies outsource the task also.
What are the four C’s of corporate travel management?
The four C’s of corporate travel management are Cost Control, ensuring travel expenses stay within budget; Compliance, adhering to travel policies; Communication, maintaining clear interactions with travellers; and Convenience, simplifying booking and management processes for efficiency.