CATEGORY

Travel Management Companies

TMCs offer vendor sourcing management solutions, where they help the buyer’s organisation during the negotiation process to determine if the buyer gets the right discounts.

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    Travel Management Companies Suppliers


    Travel Management Companies Supplier

    Find the right-fit travel management companies supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ACCENTURE PUBLIC LIMITED COMPANY
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    58

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    90
    Social
    42
    Governance
    67
    6 Domains Performance (/100)
    Business behaviour
    58
    Human rights
    55
    Community Environment
    54
    Corporate governance
    72
    Human resources
    29
    Security Scorecard
    97

    Threat indicators
    A
    95
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    A
    98
    Application Security
    Detecting common website application vulnerbilities
    A
    94
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    99
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    accenture.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    9
    Human Rights Issues
    0
    Production Supply Chain Issues
    3
    Environmental Non Compliance Flags
    12
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    2
    Labor Health Safety Flags
    6
    Regulatory Issues
    3
    Workforce Disputes
    1
    Sanctions
    0
    esg energy transition
    80
    Discrimination Workforce Rights Issues
    5
    esg controversies critical severity
    No

    Travel Management Companies market report transcript


    Global Market Outlook on Travel Management Companies

    End-to-End Services/Role of TMCs

    TMCs offer vendor sourcing management solutions, where they help the buyer's organisation during the negotiation process to determine if the buyer gets the right discounts.

    A strong internal travel management team might not require the support of the external TMC in the vendor management process.

    Vendor Sourcing Management

    Airlines

    • Airline contract/proposal analysis and evaluation
    • RFP process/supplier sourcing
    • Airline fare benchmarking
    • Airline deal performance reporting

    Hotels

    • RFP process/supplier sourcing
    • Hotel rate analysis and benchmarking
    • Hotel rate audit
    • Online hotel rate directory
    • Hotel compliance reporting

    Car Rentals

    • RFP process/supplier sourcing
    • Car rental contract/proposal analysis, evaluation, and benchmarking

    Other Travel

    • RFP process/supplier sourcing
    • Contract/proposal analysis, evaluation, and benchmarking

    Preferred Engagement Model

    Large companies engage with one or two TMCs globally. When the focus is on a specific region, it is recommended to engage with a single TMC across the region.

    Global/regional consolidation with a single TMC model is being increasingly adopted by large organisations, which is driven by a combination of benefits, such as having consolidated data and effective administration, easy tracking of travellers and easier implementation of travel policy.

    • Widely adopted: A single TMC supplier model is adopted by 46 percent of organisations, as it provides a clear visibility over spend and in implementation of policies
    • A multiple supplier engagement model is preferred when:
      • Organizations have presence in a niche and specific region
      • Merger and acquisition of organisations

    Single Supplier

    This is the fastest growing and widely adopted model by large organisations.

    • A global TMC will work with local partners in some specific countries

    Benefits

    • Accountability, high negotiation power
    • Easier travel policy administration and compliance
    • Data consolidation and consistency

    Challenges

    • This may not be suitable for a local market
    • There might be difference in data reporting

    Examples: Johnson & Johnson (American Express), HP (CWT), Pfizer (BCD)

    Multiple Suppliers

    Some organizations engage with a global TMC, along with a combination of a local supplier, specific to certain countries.

    Benefits

    • Some companies have a TMC for each region and a lead TMC to manage the regional TMCs, as they have better local knowledge

    Challenges

    • Difficulty in data aggregation across TMCs

    Examples: Sanofi, Deutsche Bank, Transocean, Fidelity Investments, GSK

    Preferred Pricing model

    Transaction fee is the widely adopted fee model, with an adoption rate of 90 percent by Fortune 500 companies. The unbundled transaction fee is popular among the corporates, as it provides complete transparency over pricing and the travel spend data is available by each type of transaction.

    Companies can companies adopt a transaction fee pricing model as there is high transparency, since the fee is broken down by each component

    Transaction Fee

    • A fee levied by TMCs for each transaction (i.e., for every single action or operation, which is performed to achieve the booking) to cover operational costs and includes a profit margin. There are two types of transaction fees:
    • Unbundled: This involves breaking down the fee into each component
    • Bundled: The fee per transaction includes the transaction cost plus the cost of all other services bundled into one
    • In this model, the commission or rebate is usually retained by the TMC

    Management Fee

    • This is a single bundled fee paid to the TMC, which covers all travel services, regardless of the number of transactions for a fixed period, say a month or a year
    • It is generally rendered when the company's employees perform the transaction themselves; and the TMC is only managing the reporting, etc., hence the agent fee is excluded here
    • This model is rarely used by large corporates, citing reasons of non-transparency into pricing
    • In this model, the commission or rebate is usually returned by TMC to the buyer organization

    Typically, the best practice of pricing TMC is through unbundled transaction fee, and the adoption level of the unbundled transaction fee is higher compared to management fee.

    The adoption of the transaction fee(unbundled model) would increase the visibility to spend, the TMCs to transfer income, in the form of commissions, back to the buyer and the TMC fees cannot be determined in advance because of its dependence on the transaction volume