Travel expenses were hurtling out of control for a leading aerospace and defense company, mostly due to last-minute bookings. These unexpected costs sent their budget off course. The company needed a strategy to rein in travel expenses and prevent further financial disarray.
BCD offered a tailored approach, deploying the Travel Report Card powered by DecisionSource®, our reporting and analytics platform. We worked closely with the client to customize the report to focus exclusively on cost centers operating under government contracts which resulted in a more detailed analysis. The customized report provided deep insights into key travel metrics, including:
- The percentage of tickets booked more than 21 days before departure
- The average number of days for advance-purchase tickets
- The average ticket price for domestic and international flights
Data-driven insights from BCD helped keep A&D travel expenses grounded
This granular analysis helped the company regain control over its budget. By steering away from costly last-minute bookings and relying on data from DecisionSource, the company successfully increased advance bookings (21 days or more) by 5% in just one quarter. This shift had a profound impact on their travel costs, allowing the company to remain financially responsible and aligned with government budget restrictions.
With the improved Travel Report Card in hand, the company’s Global Mobility team was able to use the data to track booking trends and implement strategies that encourage responsible booking behavior. The report also became a key tool for contract proposals and budgeting –helping the client prevent future budgetary drift.
“BCD’s service and technology allowed us to not only reduce our costs but also provide our teams with data-driven insights to better understand our travel behavior and make more informed decisions in the future.”
—Director, Total Rewards, Aerospace & Defense Company
Why BCD’s approach worked
BCD understands that not all challenges are created equal, and some can feel as daunting as moving through uncharted space. That’s why our solutions are built with flexibility and personalization, ensuring our technology is a perfect fit for each client’s needs. With the power of DecisionSource and our collaborative approach, we help companies steer clear of costly pitfalls. Lisa Longley, Vice President of Program Management at BCD Travel, adds, “Our partnership with this client showcases the power of data-driven decisions. By adapting our tools to meet their specific needs, we’ve helped them navigate through complex challenges while driving cost savings and enhancing financial responsibility.”
