How Egencia Is Helping Amex Global Business Travel Win Small Business Customers

25.08.2023 - 13:15 / skift.com

As business travel struggles in its post-pandemic recovery, Amex Global Business Travel (GBT) is using its acquisition of the Egencia corporate-travel management platform to focus on securing business from a key growth market: small- and medium-sized businesses.

Amex GBT, which went public just more than a year ago via a special purpose acquisition company (SPAC), acquired Egencia from Expedia in 2021. 

Since then, Amex GBT has been investing in Egencia’s mobile app, chat capability and an AI-powered feature that gives companies recommendations for its travel approval policies. One aim of these technologies is to lessen the hassle that small businesses experience when transitioning to a managed travel program. 

“[Small- and medium-sized] businesses, including those that are transitioning from unmanaged to managed travel programs, need quick and easy onboarding, and access to a travel marketplace rich with value for their travelers,” Manuel Brachet, Egencia’s senior vice president, commercial, toldin an email.

Amex GBT has seen more than 60% of its new, signed business in the past year come from small- and medium-sized enterprises, Brachet said. An estimated 30% of that came from clients without existing managed travel programs. The company’s overall transactions in the first quarter from these smaller businesses were about 88% of 2019 levels. 

One company that says it has benefitted from Egencia’s tools is Community Solutions, a New York-based nonprofit working to end homelessness with a growing staff of between 100 and 150 employees across the United States. Employees generally travel for on-site community visits, as well as periodic all-staff gatherings.

The company tells that Egencia helped it save $35,330 in 2022, the same year it restarted corporate travel and implemented the platform.

Before using Egencia, Community Solutions allowed employees to book their own travel with individual corporate credit cards. But managing so many employees on the move quickly became cumbersome, said Heather Edwards, Community Solutions’ senior finance coordinator. 

“It was so complicated because you just have an Excel spreadsheet where you were trying to keep up with all this when you were doing credit card reconciliations,” Edwards said. “But it’s pretty impossible, to be quite honest, to manage that many employees’ credit cards and to be in charge of all that information as well.” 

A portion of the savings — $13,870 — came from tracking and using airline credits that otherwise may have gone to waste. These include exchanged airline tickets, airline credits and refunded tickets. Edwards said that is one of the biggest benefits of using Egencia, as before she relied on an Excel spreadsheet to track those tickets