FCM Consulting launches new Travel Impact Index tool
The tool provides a framework for businesses to assess their travel programme’s risk management, governance, data visibility, supplier strategy, and engagement levels
FCM Consulting has announced the launch of a new Travel Impact Index tool, designed to allow organisations and travel managers “evaluate and articulate the value of their managed travel programme”.
The tool provides a framework to assess programme strength across governance, risk management, data visibility, supplier strategy, and stakeholder engagement.
It also encourages businesses to assess what risk and corporate liabilities have been avoided, what traveller friction has been removed, what behaviour has changed, and what business outcomes the travel as enabled.
The company stated that the intention of the tool was to help support business travel professionals at a time of “wider uncertainty and material change across the managed travel sector”.
It noted that corporate travel was being affected both by advances in automation and by ongoing economic and geopolitical pressures, leading senior leaders to apply “greater scrutiny to costs, risks, and measurable returns”.
One major factor affecting corporate travel is the ongoing war in the Middle East, which has continued to heavily impact the wider global economy.
Oliver Cuenca
Oliver Cuenca is a Junior Editor for Voyageur Group, joining in 2021. He writes for both ITIJ and AirMed&Rescue, covering a range of topics including international travel and health insurance, medical assistance provision and air medical transportation. He also serves as Title Editor of the Assistance & Repatriation Reviews. Oliver holds an MA in Magazine Journalism from Cardiff University, as well as a BA in English with Creative Writing from Falmouth University.