ITEM provides corporations with a powerful tool for T&E expense reduction: employee incentives. ITEM utilizes both market data and client travel policies to set appropriate travel cost targets for business destinations. Cost targets are set for airfare, hotels, meals, and incidental expenses. When an employee keeps costs for a trip below target, they receive an incentive reward.

For example, an employee normally flies from New York to London for $3000 on business class. If presented with the option of getting 20% of savings, most employees would opt for a $500 economy ticket, saving the company $2000 and netting a $500 incentive! Another employee on a 10 week project saves $20/day by cutting hotel and meal expenses. This reduces project costs by $1000, saving the company $800 and netting the employee $200.

Just as performance bonuses drive employees to do their job more effectively, cost target incentives will drive employees to reduce T&E spending. ITEM can manage and implement this process for your organization today.

How ITEM Works:

Key Features and Benefits:

• T&E expense reductions of 10-20% are possible through Incentive Program
• Incentive Program fees are based on savings realized, ensuring positive ROI
• Incentives encourage travelers to book airfare, cars, and hotels earlier, and to consider less expensive cars and hotels as way to meet expense targets
• Incentives also encourage travelers to reduce spending on meals, cabs, parking, and other incidentals, which are not addressed through travel agencies or vendor negotiation
• Reduces costs while raising employee morale through incentive rewards
• GxWorks handles reward distribution, with rewards options including air miles, gift certificates, and monetary rewards
• Sophisticated expense targeting process - targets are set using market data, and can be overridden using client travel policy or client's historical data

The ITEM Incentive Program is ideal for:

• Corporations looking for a way to further reduce expenses beyond the possibilities of their existing travel management program
• Corporations that pay for travel from their own budget, and cannot pass costs on to their clients
• Managers interested in reducing travel costs while also boosting morale to cut turnover