With the recent development and advancement of technology in the field of travel, we can say that Travel software is the need of the hour! Companies are shifting towards automation and reducing their manual work to keep in pace with the ongoing competition.

So, travel technology companies also need to work hard in order to develop software that would help the travel business reach new heights. Reports are one of the most under-rated feature of the travel software.

You can customize your software according to your choice so always try to add the report feature as much as possible. Read out this article to find out why you should look out of the travel software that has a reporting functionality.

  • Helps you to understand your market –

You may generate hundreds or thousands of bookings, quotes, and itinerary every year and it is next to impossible task to remember all the data. Reports that can filter your business by location and service types are of great help if you want to do market segmentation.

You should have such a software that can store all the crucial information needed by your business so that you can get to know what are the strengths of your business and work on it to make it better.

  • Helps you to maintain your supplier list –

Supplier purchase report helps to get you an overall view of your services which are popular and which are not popular. If you combine it with the bookings report, you will get a detailed information about any specific service that any customer or agent has used or sold.

There are many tour operators who have thousands of supplier, so in order to keep their product lists fresh, they need to maintain their books as there could be so many items that are been redundant or have never been used.

  • No more manual calculations –

One of the best feature of a travel software is that you need not use the spreadsheet to do all the calculations. If your travel software has the built-in business reporting function, you will find your accounting reconciliations in your accounting software far more smooth! It will save your time and would be of great help in maintaining books.

  • Helps you to spot your major investment point –

With the help of the travel software, you can find from where you are getting the leads. Whether the lead is inbound or outbound will help you to decide your marketing budget and you can plan all your spending accordingly.

If you can simply invest your money in the right direction, it will help you to save time and money and also grow your business.

Developer, Programmer, Technology, Software
Image Source

  • Helps in inventory management –

Travel software helps you to manage your inventory and save time, resources, and maintain your stress levels. You may have car, flight, pick up, or drop off services, and to keep a track of all these is not so easy.

Having a travel software that can keep a track of all these things would be of a great help to any travel business.

  • Helps to measure KPIs –

One of the most important feature in any business is the Key Performance Indicators or the KPIs as they help us to know what exactly is our performance right now. You should not waste your time recording and reporting the KPIs, so look for the travel software that does this work for you automatically and you can access all the KPIs just at a click.

  • Helps to know the location of your clients –

Travel, being a dynamic industry, there are possibility that any changes can occur at any point of time and there are some changes that are not in our control like weather.

If you have the access to the location of your client, it would be of a great help as you can inform your client about the various things that can happen and how they can adapt to those changes.

It is one of the most needed feature in the travel software as they help you to ensure that the travelers can make the best use of the opportunity and widens the scope of your communication with the travelers that may provide you with a peace of mind.