Corporate travel managers have a new tool to control costs. ARC reports that Exelis, Inc., is the first organization to purchase FareSight, ARC’s web-based tool for corporate air travel optimization. Exelis based its purchase on its successful beta testing last year, ARC said.
FareSight accesses current and historic ARC data directly related to a travel manager’s particular organization, and provides an analysis of their company's air travel patterns and spending, ARC notes. The tool also compares the company’s average ticket price for any origin and destination with the overall market.
René Colyer, corporate travel department manager at Exelis, Inc., and board of directors member of the Corporate Travel Department Association (CTDA) said: “When FareSight transitioned to general availability, we purchased the product knowing the value was in understanding how our air travel rates stack against other companies traveling in the same domestic and global markets Exelis travels.”
Corporate travel consultants and finance managers can harness FareSight’s power to monitor and adjust corporate air travel policies, audit and negotiate airline ticket rates, and identify potential cost savings, ARC said. FareSight can also help corporate travel managers profile travellers' preferences based on actual travel – not just preference surveys or policy compliance.