When it comes to managing corporate travel, the stakes are high. Companies must balance cost-efficiency, employee satisfaction, and compliance. This is no small feat. Two platforms stand out as businesses weigh their options: TravelPerk and CTM (Corporate Travel Management).
Both TravelPerk vs CTM offer tools to streamline travel booking and management, but their approaches are distinctly different. TravelPerk caters to businesses seeking flexibility, variety, and seamless integration. CTM, on the other hand, focuses on personalized service and robust reporting for large-scale enterprises. TravelPerk vs CTM travel cost differs based on services, features, and pricing structures.
So, which platform delivers the best value for your company’s travel program? This blog explains each platform’s features, strengths, and unique offerings, helping you make an informed choice.
TravelPerk Vs CTM Comparison
TravelPerk Overview
Founded in 2015 and headquartered in Spain, TravelPerk is a business travel management platform designed to simplify the process of booking and managing corporate travel. They offer a broad selection of flights, hotels, and car rentals at competitive prices.Â
TravelPerk enables companies to provide employees with a seamless travel experience. Its flexibility in booking and support makes it a popular choice for businesses of all sizes.
What Makes TravelPerk Stand Out?
1. Travel Dashboard Insights
TravelPerk provides a centralized dashboard where you can track all travel expenses. This feature gives companies a clear overview of their spending. It helps to manage budgets and make informed decisions.
2. Flexible Bookings with FlexiPerk
TravelPerk’s FlexiPerk option allows users to cancel travel plans up to 2 hours before departure and receive a portion of their costs back.
3. 24/7 Travel Support
With TravelPerk, businesses can access real-time, 24/7 customer support. With response times often under a minute, employees can quickly resolve any travel-related issues.
4. Efficient VAT Recovery
CTM alternative, TravelPerk, helps companies recover VAT on travel expenses such as flights, hotels, and car rentals. This makes it easier to reclaim a portion of travel-related costs.
5. Comprehensive Risk Management
The platform includes tools to track travel risks by location and monitor the whereabouts of employees, ensuring their safety. TravelPerk also offers emergency support, should the need arise.
6. Integrations
Seamless integration with tools like Expensify and Slack ensures smooth data flow across systems. It makes expense tracking and overall management easier for companies.
7. Sustainability with GreenPerk
CTM alternative, TravelPerk’s GreenPerk, allows businesses to calculate and offset their travel-related carbon footprint. This is done by investing in sustainability projects, helping to reduce environmental impact.
CTM Overview
Corporate Travel Management (CTM) is a global leader in business travel management services, established in 1994. The company offers innovative and cost-effective travel solutions across corporate, events, leisure, loyalty, and wholesale travel sectors.
Travelperk vs CTM both have a comparable mix of flexibility, control, and cost efficiency. However, TravelPerk vs CTM travel cost varies depending on the chosen services and travel volumes. CTM’s approach combines service with market-leading technology to deliver a return on investment to its customers.
Standout Features of CTM
1. Global Reach with Local Expertise
CTM provides local service solutions to customers worldwide. Its approach is tailored to each region’s unique needs.
2. Customized Travel Programs
The company designs bespoke travel programs that align with each client’s specific business objectives. As a result, they deliver strategic results across all regions of operation.
3. Advanced Technology Integration
CTM invests in developing market-leading proprietary travel management technology. This includes intuitive travel booking, risk management, and reporting platforms.
4. Comprehensive Service Offerings
CTM offers a wide range of services, including corporate travel, meetings and events, resource travel, leisure travel, and more. Evaluating TravelPerk vs CTM travel cost helps businesses choose the most cost-effective option
5. Sustainability Initiatives
The company emphasizes sustainability in its travel solutions, supporting more sustainable travel practices and helping clients reduce their environmental impact.
Summary of TravelPerk Vs CTM
A Powerful Alternative – itilite
If you’re considering an alternative to TravelPerk vs CTM, itilite is a standout option with a perfect blend of user-friendly features and cost-saving capabilities.
itilite is tailored to help companies maximize savings while providing a smooth travel experience. Additionally, itilite ensures that your travelers have support at all times with its 24/7 assistance.
Key Benefits of itilite
Compared to TravelPerk vs CTM, itilite provides a complete travel and expense management solution with a range of features that simplify and streamline the travel process.
- Simplified Bookings: The self-booking platform recommends travel options, making the booking process effortless.
- Full Policy Compliance: Custom policies and dynamic approval limits ensure all travel is within company guidelines.
- Real-Time Spend Tracking: With over 100 pre-built reports, you can easily monitor travel metrics and track spending in real time.
- 24/7 Traveler Support: Fast response times and proactive trip checks ensure your travelers are always covered.
- Centralized Payments: Compared to TravelPerk vs CTM, itilite eliminates out-of-pocket expenses for employees with direct company payments.
- Cashback on Business Card Spends: Get 1.5% cashback on all business card expenses—no points, just direct cash transfers.
- Auto Flight Re-booking: Automatically re-book flights when prices drop, keeping the same flight and seat for convenience.
- Unused Ticket Credits: Reclaim credits from canceled trips for future bookings, reducing overall travel costs.
- Negotiated Rates: Benefit from new negotiated rates at no extra charge, further reducing travel expenses.
- Automated Compliance: Ensure all bookings stay within policy guidelines with automatic compliance features.
- Digitized Receipts: CTM alternative, itilite, easily scans receipts using OCR technology and creates expense reports in a snap.
- Card Integration: Link both personal and corporate cards to itilite for seamless expense management.
- Automated Audits: Prevent fraud and flag policy violations through automated audits.
- Scheduled Reports: Get insights into spending behaviors sent directly to your inbox on a scheduled basis.
- ERP and HRIS Integrations: Integrate with ERPs like QuickBooks, Oracle, and FreshBooks, as well as HRIS platforms like Darwinbox and BambooHR for a streamlined operation.
Why Choose itilite?
When comparing TravelPerk vs CTM, itilite emerges as the ideal solution for businesses that prioritize simplicity, cost savings, and seamless travel management. Our platform is designed to make travel more efficient and affordable, giving you real-time insights, automated compliance, and 24/7 support.
Choosing TravelPerk and CTM alternative, itilite means investing in a smarter travel management solution that grows with your business. Let us handle the complexities of travel management while you focus on what matters most.
Book a demo today to learn more!
