Logo
Departments
Resources
About Us
Contact Us
News

From Reactive Reporting to Proactive Management

February 22, 2024
www.predictx.com/resources/how-ai-can-help-track-and-reduce-your-companys-travel-emissions
www.predictx.com/resources/defining-success-the-north-star-metric-for-business-travel-managers
www.predictx.com/resources/enhancing-corporate-travel-management-with-predictx-scorecard-a-comprehensive-solution
www.predictx.com/resources/understanding-compliance-and-risk-in-corporate-travel
www.predictx.com/resources/internship-journey-at-predictx-a-blend-of-learning-growth-and-inspiration
www.predictx.com/resources/unlocking-the-power-of-data-in-corporate-travel-discover-the-story-by-predictx
www.predictx.com/resources/effective-meetings-and-events-management-in-corporate-travel
www.predictx.com/resources/optimizing-corporate-card-usage
www.predictx.com/resources/adhering-to-the-csrd-shaping-the-future-of-corporate-travel-sustainability-with-predictx
www.predictx.com/resources/optimizing-spend-amidst-record-corporate-travel-industry-growth-in-2024
www.predictx.com/resources/the-simulation-engine-showcases-at-btn-us-innovate-2021
www.predictx.com/resources/how-to-promote-sustainability-and-calculate-your-companys-carbon-footprint
www.predictx.com/resources/spend-less-time-managing-cross-border-activities
www.predictx.com/resources/stay-on-top-of-tax-compliance
www.predictx.com/resources/keep-up-to-date-with-pre-trip-data
www.predictx.com/resources/manage-employee-generated-spend
www.predictx.com/resources/scorecard-for-travel-and-expense-management
www.predictx.com/resources/tickets-refunds-and-asset-recovery
www.predictx.com/resources/spend-reporting-made-simple
www.predictx.com/resources/sourcing-and-policy-management
www.predictx.com/resources/simulate-your-budget-with-predictx
www.predictx.com/resources/from-reactive-reporting-to-proactive-management
www.predictx.com/resources/hollywood-studio-transforms-the-analysis-process
www.predictx.com/resources/enhancing-travel-management-how-predictx-transformed-savings-analysis-for-a-european-retailer
www.predictx.com/resources/transforming-travel-data-enhancing-quality-and-efficiency-with-predictx
www.predictx.com/resources/predictx-for-susutainability
www.predictx.com/resources/predictx-for-egs
www.predictx.com/resources/predictx-for-travel
www.predictx.com/resources/predictx-uses-machine-learning-to-power-business-reporting
www.predictx.com/resources/merging-fragmented-travel-data-into-one-dynamic-system
www.predictx.com/resources/enhancing-traveler-satisfaction-and-employee-wellbeing-in-corporate-travel
www.predictx.com/resources/unify-corporate-travel-data-streamline-and-automate-with-predictx
www.predictx.com/resources/how-leakage-and-invisible-spending-influences-your-travel-program
www.predictx.com/resources/facilitate-smarter-travel-management-with-sheri-ais-cognitive-tools
www.predictx.com/resources/detectx-leveraging-ai-for-travel-expense-audit-compliance-customised-travel-policies
www.predictx.com/resources/calculate-your-total-trip-cost-with-predictx
www.predictx.com/resources/predictx-at-the-business-travel-show-europe-2024-a-showcase-of-innovation-and-insight
www.predictx.com/resources/why-data-management-is-important-to-your-business-travel-program
www.predictx.com/resources/how-ai-will-completely-transform-corporate-travel-and-the-role-of-the-travel-manager-forever
www.predictx.com/resources/how-predictx-is-pioneering-the-use-of-ai-for-corporate-travel-sustainability
www.predictx.com/resources/the-future-of-ai-in-air-sourcing-how-predictxs-navigator-transforms-data-into-decisions

The Challenge

Our client, a multinational bank and financial services company, wanted to create visibility across all travel elements that would be deployed seamlessly across their business. However, they struggled with fragmentation across data sources, poor data quality, an incomplete view of travel, and a clunky, legacy data consolidation system. The client needed accurate data with detailed information to deliver cost savings and help ensure travel policy adherence.

The Solution

PredictX offered a fresh approach, utilising new technology and techniques to solve the bank’s data management and visibility problems. PredictX enabled the creation of an integrated travel solution that could accept information from different vendors in various formats. Machine-learning processes were brought in to bear on data errors and omissions, resulting in dramatically improved data quality. Pre-trip data was also included, using PredictX and third-party connectors to provide instant data.

Now our client benefits from a unified, harmonised data universe, stretching across fifty data sources, including automated cleansing, validation and management of data corrections. The dynamic visualisation PredictX provides also allows business users to self-serve. The bank can also automatically track the status of supplier contracts and report on the performance of those contracts using not just system-generated data but data collected and entered by their suppliers’ account managers.

The Impact

PredictX’s solution for the bank went live in 2014 across 42 countries and quickly resulted in remarkable benefits:

  • Travel spend reduced significantly during the first year.
  • Data accuracy jumped from 83% to 99%, meaning no more manual output audits.
  • Reports were consolidated into dashboards rather than across multiple pdfs.
  • Instant access was given to more up-to-date information.
  • Cost and budget allocations were automated - before PredictX, this was a time-consuming manual process that could take two weeks or more to complete.

Related Posts

March 1, 2024

Stay on Top of Tax Compliance

PredictX's Tax Compliance module helps manage employee-generated spend, ensuring accurate categorization and tax compliance for remote work expenses. Learn more today.
February 19, 2024

PredictX for Sustainability

Track CO2 emissions with PredictX. Improve carbon tracking and plan reduction strategies. Start today.
March 13, 2024

Transforming Travel Data: Enhancing Quality and Efficiency with PredictX

PredictX cuts transaction errors from 15% to under 1% with our AI-driven data quality management