Timothy Shim gives us the low-down on the 5 strategies for negotiating airfare discounts with SAP Concur!

 

Negotiating Airfare Discounts with SAP Concur!

Whether it’s a short hop to a neighboring city for a client meeting or an international conference halfway around the globe, airfare costs can significantly dent your company’s budget. That’s where systems like SAP Concur step in.

From leveraging data to setting up effective travel policies, we will explore five strategies for negotiating airfare discounts with SAP Concur. But before we dive into the nitty-gritty, let’s understand what SAP Concur is and how it functions as a critical part of your corporate travel management toolkit.

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5 Strategies for Negotiating Airfare Discounts with SAP Concur!

SAP Concur is a cloud-based solution integrating travel, expense, and invoice management into one unified system. It aims to simplify these processes and provide a seamless, user-friendly experience.

Travel Management with SAP Concur

Concur Travel is a feature within the platform that allows businesses to manage and streamline their corporate travel processes. It offers a comprehensive range of services, including online booking tools, travel management services, and mobile applications.

These services aid companies in reducing costs, enforcing travel policies, and providing travelers with a smooth and efficient experience.

Expense and Invoice Management

Concur Expense and Concur Invoice are additional features to simplify the expense and invoice management processes. Concur Expense lets employees quickly capture and submit expense reports from any location.

That does much to reduce errors and improve compliance. Concur Invoice automates invoice processing, helping businesses manage spending and cash flow more effectively.

SAP Concur’s Impact on Business Operations

By integrating travel, expense, and invoice management, SAP Concur gives businesses visibility and control over their spending. It also offers valuable insights into spending patterns, helping companies make informed decisions and save money.

Whether a business has a small travel team or a large multinational operation, SAP Concur is designed to adapt to unique needs and deliver tangible benefits.

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Strategy #1: Understand Your Travel Data

The first step to effective negotiation is knowing your ground, and in the context of airfare discounts, that means understanding your travel data. SAP Concur shines here, providing businesses comprehensive insights into their travel habits.

Key Data Points to Focus On

First, pay close attention to your company’s frequently traveled routes, preferred airlines, and ticket classes. Focus on asking the right questions to provide the most actionable insights for your business. For example;

• Which routes are your employees traveling the most?
• Which airlines are they choosing?
• Are they booking economy, business, or first-class tickets?

These data points provide a solid foundation for negotiation discussions with airlines.

Analyzing Trends and Patterns

SAP Concur allows you to analyze trends and patterns in your travel data over time. For instance, you may find that your employees travel more frequently during certain times of the year or prefer specific airlines for international flights. These patterns can provide leverage when negotiating airfare discounts.

Translating Data into Negotiation Power

Armed with this data, you can approach airlines with confidence. Showcase your loyalty to specific airlines, emphasize the volume of business you bring, and demonstrate your understanding of your company’s travel needs.

When airlines see that you know your travel patterns and preferences, they’re more likely to consider offering discounts.

Actionable Tips

• Use SAP Concur’s reporting tools to gain a comprehensive overview of your company’s travel patterns.
• Analyze the data to identify trends, such as the most frequently traveled routes, the most used airlines, and peak travel periods.
• Use this information to identify potential areas for negotiation with airlines.

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Strategy #2: Leverage Your Travel Volume

Once you’ve grasped your travel data, it’s time to focus on volume. As with many things in business, higher volumes can often lead to better deals, and air travel is no different.

With SAP Concur, you can aggregate your travel data to demonstrate the volume of your bookings, forming a compelling case for discounts.

Consolidating Travel Bookings

It’s essential to consolidate your company’s travel bookings as much as possible. Instead of allowing your employees to book flights individually, use SAP Concur to centralize your travel bookings.

This simplifies the booking process and allows you to negotiate with airlines as a single, high-volume customer.

Presenting Your Case to Airlines

When you approach airlines with a substantial volume of business, you’re in a much stronger negotiating position. Airlines are always looking for consistent, reliable customers. Showing them that you provide significant business can encourage them to offer you better rates.

The Win-Win Situation

By offering airlines a substantial and steady volume of business, you’re creating a win-win situation. The airline gets a reliable source of revenue, and in return, your company gets more favorable airfare rates. This symbiotic relationship is the heart of effective negotiation.

Leveraging SAP Concur’s Tools

SAP Concur provides the tools necessary to leverage your travel volume effectively. This platform is an essential partner in your negotiation journey, from consolidating bookings to presenting comprehensive reports.

Using SAP Concur to showcase your travel volume, you can confidently negotiate airfare discounts and ensure your company gets the best possible deals.

Actionable Tips

• Use SAP Concur to centralize all your company’s travel bookings.
• Make a report showcasing your company’s travel volume.
• Present this report to airlines when negotiating discounts.

Strategy #3: Utilize Advanced Booking

We’ve all heard the saying, “The early bird gets the worm,” right? In our case, replace “worm” with “discount.” Being an early bird can be a real game-changer when bagging those sweet airfare deals. And here’s where SAP Concur comes in handy, making advanced booking a breeze.

Think about it – when airlines see steady, early bookings, they’re more willing to give us a break with some discounts. Plus, it’s a stress reliever! You get to avoid the last-minute scramble for tickets, and it’s easier to plan your budget when you know the costs upfront.

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How SAP Concur Helps With Advanced Bookings

SAP Concur is like that incredibly organized friend we all wish we had. With its advanced booking feature, planning your corporate travel well in advance is simple. You can book flights, reserve hotels, and even arrange ground transport, all in one place.

The Art of Negotiation with Advanced Booking

But let’s get back to the discounts. Advanced booking can give you a leg up when negotiating with airlines. Showing them that your company is organized and committed to booking in advance can be a persuasive argument for a lower rate.

Creating a Win-Win Situation (Again!)

Just like with travel volume, advanced booking creates a win-win situation. The airlines have the security of early and regular bookings, and you get to bag those tempting discounts. It’s like a beautiful dance, and SAP Concur is your dance partner, guiding you through each step.

So, remember to plan. It’s not just about saving your sanity; it’s about saving dollars. Advanced booking with SAP Concur? That’s a smart move.

Actionable Tips

● Use SAP Concur’s booking tools to plan and book corporate travel well in advance.
● Track the cost savings achieved through advanced booking.
● Highlight your company’s commitment to early booking when negotiating with airlines.

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Strategy #4: Implement Dynamic Pricing

Next up on our list of strategies is dynamic pricing. That might sound like some sort of jargon straight out of a business textbook, but trust me, it’s more complex than it sounds. It’s all about adaptability, flexibility, and being ready to ride the ever-changing airfare prices.

Airfare prices are like a rollercoaster—they go up, down, and make sudden turns. As a savvy business, we must monitor these fluctuations and use them to our advantage. When we know that prices are changing, we can swoop in and grab those discounts when they pop up.

This is where SAP Concur struts its stuff. It allows us to track these price changes and alerts us when prices drop. It’s like having a vigilant guard dog that barks (or, in this case, sends notifications) when a good deal is on the horizon.

Dynamic Pricing and Negotiation

When you’re at the negotiating table with airlines, being able to talk about dynamic pricing can give you an edge. It shows airlines that you’re not only aware of the market trends but you’re also ready to react to them. This can make them more willing to offer special deals and discounts.

Creating Yet Another Win-Win

By now, you’ve probably noticed a pattern—we’re all about creating win-win situations. With dynamic pricing, the airlines get a customer who’s engaged and responsive to the market, and you get to save some of those hard-earned dollars.

So, let’s embrace the rollercoaster of dynamic pricing. We can ride the ups and downs with great discounts with SAP Concur. Remember, being adaptable in business is a virtue; in this case, it can save you money!

Actionable Tips

• Use SAP Concur’s tracking features to keep an eye on airfare fluctuations.
• Book immediately to secure the lower rate when you notice a significant price drop.
• Mention your dynamic pricing strategy during negotiations with airlines to show that you’re an active and engaged customer.

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Strategy #5: Establish Long-Term Partnerships

Last but not least is the power of long-term partnerships. We’re not just talking about fleeting, one-off deals here. No, we’re looking at the big picture—establishing relationships with airlines that can lead to ongoing discounts.

Loyalty goes a long way in business, and air travel is no different. Airlines appreciate customers who stick around. Knowing they can count on your company’s regular patronage gives them stability.

This is where SAP Concur’s ability to track and manage your travel data shines. It helps you keep track of your company’s relationship with each airline and makes it easier to demonstrate your loyalty when negotiating for better rates.

Using Partnerships to Negotiate Discounts

When you’ve established a long-term relationship with an airline, you’re no longer just another customer—you’re a valued partner. This gives you a significant advantage when negotiating airfare discounts.

Airlines are more likely to give better rates to customers who will continue to bring them business.

The Long Game Wins

Establishing long-term partnerships is like playing the long game. Yes, it requires commitment and consistency, but the payoff can be substantial. Airlines get the assurance of your loyalty, and you get the benefit of ongoing discounts. It’s a classic win-win.

Actionable Tips

● Use SAP Concur to track your company’s relationship with each airline.
● Share this data with airlines to demonstrate your loyalty and commitment.
● Leverage your long-term relationship with airlines to negotiate for ongoing discounts.

Final Thoughts: Turning Strategies into Savings with SAP Concur

We’ve certainly covered some ground! From understanding your travel data, leveraging your travel volume, utilizing advanced booking, and implementing dynamic pricing, to establishing long-term partnerships, it’s clear that there are multiple strategies for negotiating airfare discounts.

And guess what? SAP Concur has been our faithful companion, offering us the tools and features to implement these strategies effectively. It’s more than a travel, expense, and invoice management platform.

It’s a powerful ally that helps us navigate the tricky terrain of corporate travel and airfare negotiation.

 

 

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