Logo
Departments
Resources
About Us
Contact Us
News

PredictX for EGS

March 21, 2024
www.predictx.com/resources/how-ai-can-help-track-and-reduce-your-companys-travel-emissions
www.predictx.com/resources/defining-success-the-north-star-metric-for-business-travel-managers
www.predictx.com/resources/enhancing-corporate-travel-management-with-predictx-scorecard-a-comprehensive-solution
www.predictx.com/resources/understanding-compliance-and-risk-in-corporate-travel
www.predictx.com/resources/internship-journey-at-predictx-a-blend-of-learning-growth-and-inspiration
www.predictx.com/resources/unlocking-the-power-of-data-in-corporate-travel-discover-the-story-by-predictx
www.predictx.com/resources/effective-meetings-and-events-management-in-corporate-travel
www.predictx.com/resources/optimizing-corporate-card-usage
www.predictx.com/resources/adhering-to-the-csrd-shaping-the-future-of-corporate-travel-sustainability-with-predictx
www.predictx.com/resources/optimizing-spend-amidst-record-corporate-travel-industry-growth-in-2024
www.predictx.com/resources/the-simulation-engine-showcases-at-btn-us-innovate-2021
www.predictx.com/resources/how-to-promote-sustainability-and-calculate-your-companys-carbon-footprint
www.predictx.com/resources/spend-less-time-managing-cross-border-activities
www.predictx.com/resources/stay-on-top-of-tax-compliance
www.predictx.com/resources/keep-up-to-date-with-pre-trip-data
www.predictx.com/resources/manage-employee-generated-spend
www.predictx.com/resources/scorecard-for-travel-and-expense-management
www.predictx.com/resources/tickets-refunds-and-asset-recovery
www.predictx.com/resources/spend-reporting-made-simple
www.predictx.com/resources/sourcing-and-policy-management
www.predictx.com/resources/simulate-your-budget-with-predictx
www.predictx.com/resources/from-reactive-reporting-to-proactive-management
www.predictx.com/resources/hollywood-studio-transforms-the-analysis-process
www.predictx.com/resources/enhancing-travel-management-how-predictx-transformed-savings-analysis-for-a-european-retailer
www.predictx.com/resources/transforming-travel-data-enhancing-quality-and-efficiency-with-predictx
www.predictx.com/resources/predictx-for-susutainability
www.predictx.com/resources/predictx-for-egs
www.predictx.com/resources/predictx-for-travel
www.predictx.com/resources/predictx-uses-machine-learning-to-power-business-reporting
www.predictx.com/resources/merging-fragmented-travel-data-into-one-dynamic-system
www.predictx.com/resources/enhancing-traveler-satisfaction-and-employee-wellbeing-in-corporate-travel
www.predictx.com/resources/unify-corporate-travel-data-streamline-and-automate-with-predictx
www.predictx.com/resources/how-leakage-and-invisible-spending-influences-your-travel-program
www.predictx.com/resources/facilitate-smarter-travel-management-with-sheri-ais-cognitive-tools
www.predictx.com/resources/detectx-leveraging-ai-for-travel-expense-audit-compliance-customised-travel-policies
www.predictx.com/resources/calculate-your-total-trip-cost-with-predictx
www.predictx.com/resources/predictx-at-the-business-travel-show-europe-2024-a-showcase-of-innovation-and-insight
www.predictx.com/resources/why-data-management-is-important-to-your-business-travel-program
www.predictx.com/resources/how-ai-will-completely-transform-corporate-travel-and-the-role-of-the-travel-manager-forever
www.predictx.com/resources/how-predictx-is-pioneering-the-use-of-ai-for-corporate-travel-sustainability
www.predictx.com/resources/the-future-of-ai-in-air-sourcing-how-predictxs-navigator-transforms-data-into-decisions

The Challenge

A global technology giant was required to manage travel and expense budgets dynamically throughout the year. This was compounded by the changing nature of their program, which meant they were unable to simply use previous years as a guide. Consequently, they needed to view spend in the context of the budget for that business area.

The Solution 

PredictX deployed their Budgeting module, which absorbs budgetary data from an API and transforms it into a format that can be easily merged with actual spend data as it is provided. This allows for immediate budget-vs-actual comparisons to be made, but also for updated budgets to automatically become available in the application. Additionally, PredictX was able to allow for seasonality in the application of annual budgets.

The Impact

The implemented solution had outstanding benefits:

  • An increase of 22% compliance to budgeted spend.
  • The number of areas spending under-budget increased the budget headroom by 17%.
  • The budgeting process for the following year was faster with a greater understanding.
  • The process saved an estimated 70 working days across the business.

Related Posts

April 4, 2024

Simulate Your Budget with PredictX

PredictX helped a retailer budget for post-pandemic travel with its Simulation Engine, enabling proactive visibility and spend management. Discover how PredictX can enhance your budget planning.
April 23, 2024

Keep Up to Date with Pre-Trip Data

PredictX enabled an intergovernmental organization to see near real-time booking data, reducing out-of-policy activity by 40% and saving $20 million annually. Discover more.
April 2, 2024

Manage Employee Generated Spend

PredictX helped a global FMCG company consolidate travel and expense data, identifying leakage and comparing booked versus paid values. Discover how PredictX can optimize your expense management.