Maximize Travel Savings and Unlock Traveler Benefits
Reduce travel costs and drive better travel program experiences with Concertiv's best-in-class travel programs
Take Control of your Travel Spend
Concertiv leverages deep industry expertise, group purchasing power, and best-in-class discount programs to reduce your travel expenditure while giving your employees the same travel experiences they expect. We work with your Travel Management Company to centralize spend, ensure policy adherence, and provide you with spend intelligence.
Concertiv’s Travel Solution Delivers:
- Access to discount fares, rates, and status programs across hotel, air, and ground transportation
- Integration with your travel management company (TMC)
- Peer benchmarking on industry travel policies and best practices
- TMC & group event RFPs and diligence
Experience the Concertiv Advantage
Leverage our unparalleled market intelligence, deep procurement expertise, expansive vendor network, and Concertiv360™ platform to unlock savings, drive operational efficiencies, and proactively manage risk across an ever-changing vendor landscape.
Average ROI across
key spend categories
Annual hotel nights purchasing power
Total annual spend with global car services
Hotels
- Up to 40% in dynamic discounts and steeply discounted flat rates in key markets
- Chainwide partnerships to provide broader coverage to over 20k hotels globally, with an average discount of 16%
- Access to exclusive rates and amenities
- Expert analysis of your historical stay patterns, including an in-depth review of goals and traveler preference
- Negotiation of incremental properties or inclusions specific to your needs
Airline
- Up to 30% off route, class of service, carrier
- Discounts on private jets and charters with value-add amenities
- Advice on small business programs and pre-funded accounts eligibility and benefits
- Expert analysis of your historical city pair patterns with an In-depth review of goals and traveler preference
- Negotiation of custom corporate volume agreements with a focus on the highest savings
- Manage loyalty program benefits and promotions
Meetings & Events
- Venue Sourcing: Customized RFPs to help book the perfect venue.
- Cost Management: Ensure cost effectiveness across all aspects of the event.
- Accommodations: Receive amenities, traveler perks, and fee waivers at top-rated hotels.
- Short-lead time: Work with experts to guarantee top recommendations and prompt responses from venues.
Ground Transportation
- Portfolio of global black car service providers, including best-in-class rates on airport rides
- Corporate partnerships with Uber and Lyft
Invoice Management
- Track vendor invoices
- Reconcile against contract terms
- Flag duplicates, and unaccepted invoice line items
- Provide AP approval
- Tag for allocation needs
Compliance Management
- Automate the tracking and distribution of vendor due diligence questionnaires (DDQs) to vendors
- Simplify the complex process of vendor due diligence
- Support the management of annual updates and evaluation scores
- Ensure firms remain compliant and informed about their vendors' status
Get More From the Travel Vendors You Already Use
For investment professionals, travel is just part of the job. But for the back-office teams that support them, this means managing a variety of travel partners across the firm to meet the different needs of various team members- from associates to partners. We work with the major travel vendors – airlines, hotels, car services, and even corporate event coordinators - to ensure that you are not only getting the best rates, but also that your staff has access to the statuses, amenities, and benefits typically only available to the largest firms.
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Maximize the Benefits of Your Travel Management Company
You may likely already work with a travel management company for your day-to-day travel needs. Concertiv partners with your TMC to administer travel savings programs, making business travel as painless and efficient as possible. In addition to travel discounts we negotiate for you, we aggregate global travel data and provide regular cost and savings reports. This ensures management has reporting insights needed to make better decisions, while providing your staff access to the best available rates and most convenient booking channels.
Remove the Back-office Burden and Lack of Transparency
Travel is typically a seven-figure spend that can be a black box for firms. As the cost of travel increases, firms are looking to lower travel spend, revamp global travel policies and review partners and programs while still allowing for flexible, high-end travel experiences. Concertiv works with our clients to deliver peer benchmarks on best practices and policies, deliver top quality services and unparalleled analytics and reporting so you can be confident your firm has the policies and program in place to reduce costs and maximize travel experiences.
Our Customers Say it Best
Jamie Davis
Chief Financial Officer
Hal Rodriquez
Managing Director and Chief Operating Officer
Elliot Attie
Partner and Chief Financial Officer
Featured Case Study: Travel
A global investment advisor facing increasing travel costs, turned to the Concertiv.
Leveraging the combined spend of this global investment advisor with other Concertiv clients and affiliate firms, the Concertiv team was able to enroll the firm in discount programs that would reduce hotel and airfare costs by over 18%.
To help facilitate the administration of corporate travel, Concertiv lead an RFP process to find and onboard a travel agent that could grow with the firm and maximize utilization of available discounted rates.
Global Investment Advisor Centralizes Procurement Strategy: Saves $800K in Just Three Years
