4 Data Points on Business Travel Spend That Could Transform Your Program

Quick: You need to tell the story of your travel program. In detail. Over time. Without any data analyst support. Oh, and you need that story right now.

Do you have the tools to do it?

For almost all travel programs, the answer is no. Sure, accessing top-level data can help outline the story, but you want your story to be in vivid color — to tell the kind of tale that can transform a corporate travel program. It’s a project that requires a deep dive into the most recent data. But let’s face it: Working with data analysts isn’t cost- or time-efficient — especially if you want to keep adding chapters to the story (which, of course, you do).

Helping travel and finance managers quickly assemble a narrative of their travel program: This is why Navan has just launched a new, game-changing analytics tool, powered by ThoughtSpot. In a single dashboard, Navan now offers the tools for managers to dive deep into real-time data and gather insights — whenever they like and on their own — with no data analysts required.

Here are four key data points, trackable on Navan’s analytics dashboard, that can help managers do just that.

• Travel spend breakdown. Understanding the who, what, where, why, and how of travel spending is essential. Doing that requires being able to filter travel spend by factors such as department, region, travel category, or vendor.

• Out-of-policy bookings. Overall compliance with in-policy bookings has been trending in the wrong direction for years now, according to the annual survey and report Navan publishes with Skift. It’s a big problem: Out-of-policy bookings can not only cost a travel program (much) more, but also make it (much) harder to track overall trends.

• Savings with New Distribution Capability (NDC). Navan proved the substantial savings that our customers have reaped through NDC-enabled flight bookings, which is why we’ve gone all-in on our 17 (and counting) NDC connections. Being able to track these savings in real time adds the kind of vivid color you need in your success story.

• Cost limits. Everyone has a story to tell, but everyone also has a budget. And no one likes to hear a tale of overspending — especially in the C-suite. Since no one can stay on top of travel spend every moment of every day, the answer is getting an automatic alert when a company’s travelers hit certain pre-defined limits.

These are exactly the kind of insights Navan has made super-easy for travel and finance managers to tap into with our new analytics dashboard. For other corporate T&E solutions, getting this information could take days, at best, and involve pulling data analysts off other projects.

With Navan, you can truly tell the story of where your program has been and where it is now — with insights that can help determine the most efficient and effective path forward. It’s essential information for every company looking for an advantage over its competitors.

The era of story outlines is over. Navan has just ushered business travel programs into a new era of vivid storytelling through transformational analytics. And you don’t have a moment to lose.

See our new dashboard in action.