Let’s be honest, we all know booking a 5-star hotel for an extra $150/night feels much easier when it’s on someone else’s plastic. Corporate travel is a huge line item for businesses, and typically employees are notorious for stretching their travel budgets.
But what if you actually got rewarded to stay within a budget the next time you booked a business trip? What if a budget was created for you based on your destination and selected trip needs (hotel, flight, ground transportation, etc.) and then it’s up to you how to spend that money?
TravelBank is doing just that, and changing the way businesses manage travel expenses. Here are 5 things you’ll love about the user-friendly app.
TravelBank understands that people have different travel preferences and the app lets employees travel the way they desire. Want to fly business-class? Stay at a cool boutique hotel? You decide. One of the great features of the TravelBank app is that it allocates a budget for the duration of your trip and then you decide how to spend the money, without sacrificing your travel preferences.
For example, if you’re skipping out on a hotel and crashing on a friend’s couch instead, you’ll likely have extra budget to upgrade your flight. There are other ways to save like booking a one-stop flight (versus direct), or consider staying at an Airbnb.
It’s a win-win for both parties. The app gives the traveler the power to customize their experience without compromising comfort, while also saving the company money by staying within budget. So if you’re under budget and feel like getting pampered at the Ritz-Carlton, go on and treat yo’ self!
Impressed yet? Well, you also get rewarded for staying under budget. You split the difference with your employer and can redeem your rewards for credits with Uber, Lyft, Amazon.com gift cards, Airbnb, or RedAwning.
And if your employer hasn’t enabled rewards for budget savings, don’t sweat it, you can still earn rewards by booking a flight that is below the average price for that route! (The average price of a flight is determined based on the average cost of all direct flights between their origin and destination on your dates of travel.)
Once you start searching for flights on the TravelBank app, you’ll see the opportunity to earn rewards. It pays to save.
Most companies enjoy the benefits of corporate discounts because they book at a large volume. Smaller companies don’t necessarily have the same scale to be able to negotiate low rates. Enter TravelBank. They’ve negotiated rates with a number of airlines and hotel properties on behalf of their user base.
Travelers can book their flights directly in the TravelBank app and if their route is eligible for a special rate it will be tagged as a partner deal or called out for potential savings. To take advantage of hotel partnerships, you can currently book your stay through the TravelBank desktop app.
Say goodbye to the days you would have to tape all your receipts onto a piece of paper and scan it in, or (gasp) manually keep track of your expenses. With the TravelBank app, you can easily upload receipts on the go just by snapping a photo.
The best part? The app will scan the receipt and fill in the details for you so you don’t have to do anything else! Users can also sync their credit card with TravelBank, and the app will automatically pull in their transactions. You can read more about how this works in this blog post.
Remember when you’d have to wait a month or sometimes even longer to get your expense report processed and reimbursed? Ugh, those were painful days.
This is probably one of the best features of the app because there’s nothing worse than having to front money for a business trip, especially when you’re strapped for cash. You can submit your report before you’ve touched down and get paid 24 hours later. How sweet is that?