2017 U.S.-Booked Air
Volume: $45 million
2017 Global Air Volume: $154 million
2017 U.S. T&E: $88 million
2017: Global T&E: $366 million
Principal Payment Supplier: American
Express
Consolidated U.S. TMC: HRG
Primary Non-U.S. TMCs: Amex GBT
& BCD
Last year, Deutsche Bank's travel team—which handles travel, fleet and meetings
management—added card program and expense management to its roster of
responsibilities. It also focused on reducing costs, optimizing processes and
automation. It expanded its online booking tools to nine additional countries,
and a campaign to change traveler behavior—advance booking, restricted
airfares, limited ticket changes and higher OBT use—has decreased the average
trip cost. Eighty percent of U.S.-booked air spend came through approved online
tools, and 40 percent of those were completed without an agent's help.
Additionally, 95 percent of travel is preapproved. U.S.-booked air spend for
Deutsche Bank fell $4 million in 2017 and is projected to stay the same in
2018.
In 2018, the company aims to make its expense management
platform and processes more efficient and again push down costs. It's looking
at opportunities like artificial intelligence tools for expense and perhaps
booking and will look at post-ticketing price assurance airfare tools.
The bank has a single global travel policy.
Eighty percent of the organization's 2017 U.S.-booked air volume was for
domestic travel. Deutsche Bank's card program is individual bill/central pay.