What is a travel management system?
See how to save money by automating your booking process
Key features in a travel management system
Complete list of 17 must-have TMS features:
- Customizable travel policies
- Customizable approval workflows
- Extensive inventory
- Support included at no additional cost
- No redirects
- Travel spend reporting
- Consolidated invoicing
- Review the status of all trips in one place
- Easy booking, including self-booking for travelers
- Methods of transportation that matter to you
- Mobile app for travelers on the go
- Saving in-progress bookings and collaborating
- Easy to see what's in and out of policy when searching
- Expense tool integration
- Save traveler information
- Save loyalty points
- No long term contracts
1. Customizable travel policies
- Special policies for specific travelers (such as c-level or a department that often has to book last-minute flights)
- Global policies for nightly hotel rates
- Nightly hotel rate by city
- Global policies for maximum domestic and international flight cost
- Maximum flight cost for specific routes
- Minimum number of days required for advanced booking
- Global maximum train cost
- Maximum train cost for certain routes
2. Customizable approval workflows
3. Extensive inventory
4. Support included at no additional cost
5. No redirects
6. Travel spend reporting
- Travel spend by time period
- Travel spend by department or team
- Amount of travel spend booked out of policy
- Travel spend by project or client or event
- Amount of travel spent for hiring
7. Consolidated invoicing
8. Review the status of all trips in one place
- Who has successfully booked their trip within policy
- Who is requesting an out-of-policy booking and why
- Who has an in-progress trip (they’ve saved an itinerary but not completed the booking yet)
- Who hasn’t booked a trip
9. Easy booking, including self-booking for travelers
10. Methods of transportation that matter to you
11. Mobile app for travelers on the go
12. Saving in-progress bookings and collaborating
- Your CEO selects a flight and hotel and wants you to finalize it
- Travelers are allowed to select the trips they want but not complete bookings (so you complete it after they pick their options)
- A trip for multiple travelers needs to be reviewed, so you save it and double-check with everyone before finalizing it
- A potential hire, client, or managed talent chooses their trip details and the main office books it
13. Easy to see what’s in and out of policy when searching
14. Expense tool integration
- Offers an external API so your development team can integrate it with your expense tool
- Offers custom integration services
15. Save traveler information
16. Save loyalty points
17. No long term contracts
Key takeaways
- Prioritize policy and compliance features: Customizable travel policies and approval workflows are foundational for controlling costs and maintaining compliance.
- Consolidation is essential: Choose a TMS that consolidates booking, invoicing, and trip tracking into one platform to reduce administrative burden.
- User experience matters: Easy booking interfaces, mobile apps, and collaborative features improve traveler adoption and satisfaction.
- Integration capabilities save time: Expense tool integration and saved traveler information significantly reduce manual data entry.
- Flexibility protects your investment: Avoid long-term contracts so you can switch systems if your needs change.
Frequently asked questions
- A travel management system should include customizable travel policies, approval workflows, extensive travel inventory, consolidated invoicing, travel spend reporting, expense tool integration, mobile access, and 24/7 support at no additional cost.
- A TMS improves compliance by embedding travel policies directly into the booking process, clearly flagging out-of-policy options before selection, and routing non-compliant bookings through customizable approval workflows automatically.
- A travel management system is a software platform that enables self-service booking, policy enforcement, and reporting, while a traditional travel agency provides agent-assisted booking services. Many modern TMS platforms combine both capabilities.