A pre-trip approval process is the easiest and most effective way to enforce traveler compliance to your corporation’s
Travel Policy
Compliance to your company’s travel mandates will control costs, increase efficiencies, and improve traveler security while simultaneously enhancing the overall traveler experience
Creates the environment necessary for cost/benefit analysis
Standardization improves efficiencies on every level
The Sarbanes-Oxley Act (SOX) of 2002 requires U.S. companies maintain the ability to accurately track, account for, and disclose financial transactions
Pre-trip approval is not specifically required per SOX; however, a pre-trip approval process combined with the processes of recording, approving and properly classifying travel related expense creates an environment capable to comply with SOX requirements
Standardizes your travel authorization process worldwide
Ensures business objectives and management oversight are integrated into the Corporate Travel Program
Duty of Care
Optimize Travel
Spend
Manage Travel
Budget
Control Travel
Expenditures
Responsible
Employees
Effective Travel
Program
Pre-Trip Approval
Process
Optimizes travel spend by ensuring all employees adhere to your company’s travel policy prior to ticketing
For instance, lowest fare at time of booking, preferred carriers, etc…
Enables you to address non-compliance issues and capture policy exceptions and reason-for-travel codes
Eliminates non-essential business travel
Eliminates multiple people on one trip
Assists organizations/departments with managing travel budgets
Effective tool to monitor, control and manage travel expenditures
Assists with safeguarding your travelers and providing for proper duty of care
Enables a corporation to see the travel destination’s risk classification (Low/Medium/High/Extreme Risk)
Provides the opportunity to apply the appropriate and necessary risk mitigation actions and procedures
Travel authorization protocols help to regulate employee behavior by fostering a greater sense of responsibility within the traveler
Hard Stop Approval
All reservations must be approved before ticketing by a designated travel authorizer (manager level or higher)
Passive Approval
All reservations are ticketed without approval
Out of policy reservations are sent to the appropriate travel authorizer for review; the opportunity now exists to void the ticket within 24 hours of ticket issuance
Reservation is booked by an agent or
OBT
Authorizer determines if trip passes approval
Authorizer assesses risk & compliance
Travel
Itinerary is sent to a travel authorizer for approval
Reservation approved or rejected for ticketing
Pros
This process supports full control of travel expenditures prior to purchase
All of the traveler benefits listed in preceding slides can be obtained
Travel risk is identified and addressed prior to travel
Most efficient interaction with the travel agency
Cons
Risk of lost fares if not approved in a timely manner
More time consuming
Need to have a back-up process in the event the designated travel authorizer does not respond to an approval request
Approvers need to be diligent with approving travel
Reservation is booked by an agent or OBT
Reservation auto-tickets
Itinerary sent to authorizer for review
Trip does not meet established parameters
Reservation auto-tickets
Authorizer approves or rejects trip
Trip meets established parameters
Reservation stays ticketed
Reservation stays ticketed or is voided
Pros
Companies can establish/customize parameters to filter reservations that will require approval
Reservation not in compliance with Corporate Travel Policy
Dollar threshold for tickets that exceed lowest fare available
Cons
Company may not gain all of the benefits listed in preceding slides
High risk travel may go totally unnoticed
Elimination of non-essential business travel and multiple people on one trip
Direct connect carriers cannot always be voided
Cannot void ticket if the agent processed an exchange using existing travel credit
Pre-trip approval is a precursor and a foundational element for many travel processes/benefits
Pre-trip approval is the most efficient and cost-effective way to satisfy your company’s goals while concurrently safeguarding your travelers and enhancing their travel experience
Pre-trip approval is the stepping stone for a Travel Risk Management
Program and the most efficient and effective approach for applying risk avoidance and mitigation tactics to appropriate travelers
Employee responsibility, morale and company perception are greatly enhanced.
Standardization simplifies management and creates an environment of accountability
Questions about Passive or Hard Stop Approvals?
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