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November 30, 2022
Travel management companies, from the megas to midsize and smaller players, have seen the number of small and midsize enterprises that wish to manage their travel spend increase during recent years. The experts have differing opinions about just why, but TMCs are nevertheless working to cater more solutions to SMEs, both through in-house initiatives and via external partnerships.
The ‘Why’ of SME Travel Management Growth
There are a number of working theories about why more SMEs seem to be embracing managed travel programs than in the past. One idea is tied to another growing area of the industry: travel risk management. In a recent BTN survey of 229 travel buyers and managers and corporate safety and security managers, 65 percent said their companies’ attention to traveler safety and travel risk management has increased over the past three years. “Companies in [the SME] segment of the business are wanting to make sure they know where their employees are,” said BCD Travel SVP Kathy Bedell, who oversees BCD Travel Affiliates.
Read the full article here.
About Conferma Pay
Conferma Pay is a global financial technology company. We design and integrate virtual payment systems that provides a more efficient, seamless and secure way to pay for for businesses.
Travel Meets Payment
Conferma Pay was born in Manchester in 2005. Since then we have connected over 700 TMCs, and directly integrate with all the major GDSs and OBTs. Our roots lie in corporate travel payment integration.
We enable our payment providers to flow virtual cards into the preferred purchasing process of any business travel buyer. Crucial to this is our network of banking partners, who have issued virtual cards in over 200 countries, in 40 currencies with over 45 commercial banking partners via all major card networks.
Our ecosystem continues to expand to meet the growing requirements of our global customer base.
