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Travel Management Software

Overview

ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Travel Management Software procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Travel Management Software - Recent Price Trend

Despite rising demand, the price for travel management software has been falling at an estimated annualized rate of 1.2% in the three years to 2018, mainly due to low market share concentration. The travel management software market is highly fragmented, with many firms holding a small share of revenue. Competition resulting from this fragmentation has forced many vendors to lower their software.

Travel Management Software - Total Cost of Ownership

Travel management software has a moderate total cost of ownership. After purchasing the software, buyers should consider several additional expenses. The most influential additional cost is typically the integration process. Many companies, specifically medium-size and large companies, have existing financial and accounting programs that are used by individual departments to track expenses and.

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About this Report

This report is intended to assist buyers of travel management software. This software manages trip approval, booking, expense submission, reimbursement and other administrative tasks to help businesses oversee, regulate and coordinate travel activities and expenses. Travel management software interacts with users through either a browser or an application, processes information through the cloud and typically provides an expense report to management. The software is useful for any organization with frequent travel requirements, such as government agencies, educational institutions, healthcare companies or law firms. Key suppliers are software companies. This report does not include enterprise resource planning software, accounting software or corporate travel management services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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