Air Sourcing with PredictX
PredictX enables you to stay ahead of the game with immediate insights that drive negotiations, optimize your program, and deliver quantifiable savings. Embrace the future of air sourcing and elevate your corporate travel strategy to new heights with PredictX
Why is air sourcing important?
Cost Efficiency
Strategic Negotiations
Policy Compliance
Performance Management
Risk and Sustainability Management
What are the challenges in conducting air sourcing?
Effective air and hotel agreements are fundamental to a successful travel and expense program. However, establishing and maintaining these relationships can be challenging. Each category - air and hotel - has its own unique challenges, but the obstacles below are well-known in the quest to create the ideal program.
Complexity of Airline Pricing:
Contract Management:
Data Integration:
Compliance and Policy Adherence:
Market Fluctuations:
PredictX addresses these challenges by providing a comprehensive solution that integrates data, manages contracts, and leverages machine learning to normalize global hotel and flight bookings. This allows for a total cost of trip analysis and helps you to stay ahead in negotiations, manage performance, and gain a network effect of ever more accurate data for better decision-making.
More detail on how PredictX helps you do it better.
PredictX ingests, cleanses and fuses data from both ticket purchases and agreements. This is then further combined with data from the wider marketplace, geolocation and policy data specific to your business.
The platform automatically calculates savings achieved under airline contracts, including the percentage of discounts utilized, enabling travel managers to assess the effectiveness of their sourcing strategies.
Also, by utilizing AI processes to analyze booking patterns and contract performance, PredictX helps identify opportunities for better negotiations, ensuring contracts are well-aligned with corporate travel needs.
PredictX’s capabilities are also used to forecast future travel activity, assisting in proactive decision-making and budgeting for air travel.
FAQs
Explore some of the frequently asked questions about navigating air travel sourcing
PredictX streamlines air sourcing by consolidating data from multiple sources, providing real-time performance analysis of airfare contracts, and offering predictive analytics to inform future travel strategies. This leads to better negotiations, policy compliance, and overall cost savings.
Yes, PredictX is modular and can seamlessly integrate with a wide range of data sources. Any additions after the initial implementation are easily managed through change requests and the completion of an associated statement of work.
PredictX offers virtually unlimited flexibility in data reporting. Customizations and additional templates can be requested through the PredictX Support Desk. The Hollywood Studio feature also allows users to create and modify analytics, providing control over the reporting landscape.
PredictX can play a pivotal role in helping corporations reduce their carbon footprint by providing analytics on travel-related CO2 emissions. It also offers Air vs Rail analytics to identify more sustainable travel options.
PredictX provides comprehensive support for ad-hoc reporting requests. Users can contact the PredictX Support Desk for assistance with creating custom reports or modifying existing templates to suit their specific needs.
PredictX ensures effective decision-making by utilizing clean, consolidated data to provide actionable insights. This enables travel teams to carry out optimal data-driven sourcing and spend optimization, maximizing the return on investment in travel.