Many companies, especially large multinationals (MNC), opt for global consolidation of their travel procurement.
The main goal of going the route of global consolidation is to create savings in the company's T&E budget.
They will often provide an online booking tool,[1] mobile application, program management and consulting teams, executive travel services, meetings and events support, reporting functionality, and potentially others.
[5] In the corporate travel management system, GTM companies play a role of aggregator or virtual hubs for all ground transportation-related services.
They act as mediators using databases, global distribution systems (GDS) and various industry-related platforms such as taxi and ridesharing companies,[6] corporate fleets, public transportation and other alternatives to find optimal journeys for the travel users.
[7][8] However, in the 21st century, GTMs' activity is not limited to a database search or benchmark pricing comparisons for transportation needs but encompasses a wide spectrum of business categories including travel assistance, accounting, expenditure management and travel analysis, among others.
Examples of companies in this category are Gett, AMEX GBT, Amadeus with those in business spend management such as Coupa, Expensify, and ExpenseOut.