3D Blockchain Application Platforms

3D blockchain application platforms are now available. These are projects that are developed by using a cryptocurrency. The program is regulated by the use of different kinds of cryptocurrencies. When you have a small business, it is possible to make very interesting presentations so as to manage projects in a more impressive and efficient manner only by using such programs. This means that you can be in a position to manage different business services or even a store better.

Why use 3D blockchain

The main reason as to why this kind of programs is created is to make it easier for persons who do not bear any computer science knowledge. This then allows them not to have to using compiling code that can be very laboring and hard. When you have an open secure 3D blockchain application platform, you can achieve so much more even with minimal knowledge.

Most of the projects aim at offering community assistance. The projects are aimed to aid different people who don’t have adequate financial resources. These are businesses that struggle a lot so as to be able to compete with the main players in the field. The big companies are willing to send as much as they can in things such as advertisements and so on. This means that they can reach a larger audience. For small businesses, they have limited resources and this means that they struggle to achieve any kind of growth that they may desire. Sustaining a field becomes difficult for smaller businesses. This is what the 3D platforms were created.

How they work

The 3D blockchain applications allow the users to interact. They can communicate in a direct manner. The users can be able to share different ideas, they can shop, order take outs and play games without having to take off the virtual reality headsets off. This is because all then applications and games within the 3D platform are all compatible.

The platform offers a space where the creation of decentralized applications is made possible. This is in relation to shop management and services and they are unlimited. Every user has the freedom to choose a project that interests him. The 3D world allows them to be able to communicate in an easy and a direct manner so as to share all the ideas that you may have without any kinds of hassles. It is possible to shop, play games and place different orders.

Benefits to business

The 3D blockchain aids business owners who aren’t tech savvy and those that don’t know too much regarding computer science or even information technology. This makes it very efficient to have the 3D platform that helps them reach a large population of their customers.

The main benefit to the business is the fact that they don’t need to take too much time as they write projects. There are very few steps that can be followed so as to choose the right template for projects. You can publish and manage your business in no time at all.

These platforms have some advanced features including privacy, encrypted messenger, social networking and transaction blocks.

Seven Amenities Your Business Hotel Needs To Offer

If there is one segment of our population that should earn a reward for the amount of movement they have in their lives, it would be a large portion of the business community. They are constantly moving and shaking, making this world run as efficiently as possible, all the while looking forward to nothing more than a really nice business hotel at the end of the day.

While many hotels try their best not label themselves as catering to a particular group of folks, there is a new trend in the travel industry whereby big names in the accommodation business are catering to business travelers. And rightly so. Just think about how taxing travel can be on the casual traveler who is traveling for leisure & relaxation. Business travelers are on the road nearly everyday, sometimes even seeing a few time zones in one day. They have to maintain a sharp personal look, and be ready to handle a major meeting at a moment’s notice.

When you’ve got that much on your plate, it is nice to know that your hotel has “got your back”. But do they? Many hotels try to tout their available services to the business community so as to drum up business. While this isn’t necessarily a bad thing (they are a business, right?), it’s the follow-through that can be mismanaged.

At the end of the day, business travel experts have found that most business travelers just want a few amenities when they book a room. Surprisingly enough, the business elite aren’t too different from the rest of us when it comes to their amenity check-list:

Internet/Wi-Fi – Few things make this old world of ours keep on moving like the internet. Considering how many businesses are trying to go paperless & use 21st century cloud technology, internet service is top priority.

Communication (Fax/Copies) – Even so, having the basic in communication tools like a copier & fax machine are key for any last-minute transfers of information.

Wall Sockets – It’s a simple thing, but when you crawl around on the floor with things to plug in but nowhere to do it, it’s the most important thing.

Dedicated Meeting/Conference Room(s) – Trying to repurpose ballrooms or other types of rooms to make a meeting take place can sometimes backfire.

Recreational Activities On-Site – After a long day, you want to hang out by the pool at your hotel, or maybe even check out a lounge area.

A Free Breakfast Option – If you’re moving and shaking, you need some serious fuel early in the day. Breakfast is where it’s at.

24-Hour Front Desk – You don’t like to think things will go wrong, but you want to be sure that if something goes awry at anytime during the day, or night, you can rely on a dependable front desk to help.

A business hotel can be the ideal place for the weary business traveler to rest their aching bones. For any hotel looking to regularly book this type of traveler, it takes a willingness to understand what the business traveler needs but also how to make it happen.

Use Forex Trading Systems and Triple Header Confirmations to Explode Your Currency Trading Profits

Most people investing in the Forex markets, if not everybody wants or needs to increase there trading profits. The goods news is that I am going to tell you how to do it with very little additional work required on your part. The key to exploding your profits, I am not talking about just a little, but significantly increasing them in a very short period is a technique I call, “Triple Header Confirmations.” Since most traders already have at least one Forex trading system, this is we will focus most of our attention.

If you already have a currency software trading system more than likely it is some type of automated trading system that makes periodic trade recommendations for a particular currency. What if I told you, with very little work you could increase the percentage of the trading recommendations being correct from its present average to a significantly higher percentage.

Your present systems winning percentage will vary based on what system you are presently utilizing. With the Triple Header Confirmation technique your winning percentage will jump to somewhere in the neighborhood of 72%. You know what being correct in the FX markets 72% of the time buys you and takes you? Anything you want to own and anywhere you want to go is the answer!

Triple header confirmations is a very simple concept to understand and even easier to implement. Essentially, it boils down to confirming the trading recommendations you’re receiving from your present Forex trading system with another Forex trading system that is examining the market using different criteria than your present system is using.

There are three basic formats these systems come in, a trend based system, a signal based system and a formula based system. The first step is to determine what type of system you presently have and acquire a different type of system. The second step is to turn off the automated trading functions in all of the systems, because we are not trading until we have three confirmations for the same trading recommendation.

The third step is rather obvious, when ever you receive a recommendation from either system, then examine the other system to see if it is making the same recommendation. Remember, these systems are using different criteria for making a recommendation. If we receive the same trading signal from two software systems based on different mathematical algorithms this is a very strong trading opportunity.

Now we have a double confirmation, which is a killer money maker. But, I don’t want you just to be rich, but stinking rich. If that is OK with you? I thought it was! That is why we will also look for a third confirmation, which if and when received it is time to mortgage your house to enter into this trade. It is not that strong, but if defiantly is huge. What you do now is check your RSS financial feed from Reuters, BBC or CNN looking for a JUST breaking news story pertaining to the currency the Forex software systems are making the recommendation on.

It does not happen often, only once or twice a week. Yes, it takes patience. Yes, there is a lot of down time and boring activity involved trying to get the Triple Header Confirmation. Yes, there are quite a few disappointments when you get a second confirmation, but can’t get the third one. Yes, you must be extremely disciplined and remain focused.

But, when you get the Triple Header Confirmation for the first time and see the profits start rolling in when from your first trade, you will then understand the pain was worth the gain. There you have it, a tried and true procedure to explode your trading profits using your present Forex trading system. After a few weeks of trading, you too will move to a cash crunching currency trading machine. And be smiling all the way to the bank.

Exotic Corporate Travel Arrangements – Choosing the Proper Travel Agent

Just a few decades ago, exotic corporate trips were unheard of. Today, many companies choose exotic locations for their corporate events. If your travel agent’s team is really good, they should be able to arrange such travel for you and your employees to any location in the world. However, how can you find out what to expect from your travel agent and what to ask for if you wish to have an enjoyable and stress-free trip?

Here are some key elements of the exotic corporate travel arrangements which your agent should be able to offer you:

Previous experience in organizing corporate trips to the location

Some locations like Indonesia, Thailand, Egypt, Jordan, China, Africa and others are considered exotic locations by most travel agencies. As a result, it is possible that your travel agent has little to no previous experience in organizing corporate trips to the location you are interested in. Make sure you choose a travel agency that has organized at least several trips to the location you wish to choose as an exotic destination for you and your employees – this will save you a lot of stress and hassle later on.

Familiarity with all restrictions, laws, rules and requirements

Nothing can ruin a company event more than finding out that the country you are about to visit has special requirements for issuing visas, for example, which one or more people from your team do not meet. Ask your travel agent if they are familiar with all the visa requirements and other restrictions that may apply to your team.

Most exotic destinations have very strict rules about what you can have in your luggage when arriving and departing from the country, so ask your travel agent for a list of such items and goods. When a group of people travel to exotic destinations on a corporate trip, it is very likely that they will buy souvenirs and presents for their family back home. Knowing what they can and cannot carry is important, as you certainly do not wish one of your colleagues to get stopped at the airport because of a problematic purchase they made or items they have in their bags.

Ability to provide a safe, convenient and relaxing trip

Ask your travel agent if they can provide you and your team with a security team if such a need arises. Some exotic destinations are not always completely safe, so you should consider the option of having a security company watching over you and your team if you are out on a safari in Africa, rafting in a river in South America, etc.

A high standard of organization

The key element to a successful corporate trip is the organization. Your travel agent should be able to handle all requirements you will have such as logistics, a business locale with internet access and other communication methods, equipment for your meetings, accommodations and dining for a large group of people. If they cannot assure you that they have what it takes to organize your trip in the best possible way, maybe you should look to another travel agency for your particular needs.

If your travel agent is able to meet all of the above mentioned requirements, all you have to do is book your corporate trip and let your employees know that you are taking them on a trip they will remember for the rest of their lives.

The Role of Brokers in Forex Trading

Internet has created an opportunity for the common people to engage in forex trading. Technology has enables the people to access forex trading brokers and get any trading help.

Online trading has opened new ventures to individuals who are interested in forex exchange. In the past days, it was only brokers and financial institutions which engaged in this kind of trading.

The brokers are a resourceful lot when you want to know the technicalities of forex exchange. As you seek their services, you should also remember that this is a business investment hence you must be prepared to pay for the services.

Forex trading brokers make money by using forex spreads. The brokers increase bid prices by a certain pips thus making you to pay in advance. It also means that the trading is not carried out at the real price. At this moment, the currency pair price is lower.

When a broker makes only a slight addition, the forex spread is considered to be low. This is what everyone would want the broker to provide. They also urge the traders to go for trading with high leverage.

While using this system, it is possible to have control over bigger trades. You can make minimal investment and control trade worth thousands of dollars. This can make you feel powerful but it is highly risky for beginners. It only takes a few minutes to be wiped out.

Forex trading brokers try their best to make to transform beginners to good traders. This is because they earn more when traders make long time investments.

Car Etiquette – Tips on Seating a Woman and Couples in a Passenger Car

Etiquette rules regarding seating in a car on social occasions are different from seating in business situation. The social rules for car travel are especially important when a man is opening the door for a woman and when couples are seated in a car. Savvy individuals who wish to climb the ladder of success know the rules and carefully adhere to them.

In social situations, good manners require a well-bred man to assist a lady into the car from the curb side before walking around the car to let himself in. Ladies, everyone knows you can open your own doors, but some of you are missing the point. Before 5:00 p.m., you can be a lioness in the office. After 5:00 p.m., however, you might do well to lighten up, turn yourself into a kitty cat, and stop robbing your man of his manhood. Men, don’t be clueless! Being attentive is a subtlety not lost on a classy woman. Even a simple gesture such as opening the car door for her sends a message that you believe she is worth being treated like a princess and you are proud to be seen with her. If you must, fake it until it becomes part of you.

How couples seat themselves when traveling together is an indication of their social class. When two men and two women of the working class are traveling together, the two men sit in the front seats of the car, and the women take the back seats. In the middle class, one couple sits up front, and the other couple sits in the back. Upper- class people choose a different arrangement. The woman of one couple sits up front with the male driver of the other couple, while her companion sits with the driver’s female partner in the back seat. The man in the back seat defers to the woman by giving her the seat of honor — passenger side rear. The assumption of this seating arrangement is that a couple spends a good deal of time talking with one another. A mixed seating arrangement encourages cross-conversation, thus fulfilling the purpose of being with others — to exchange scintillating conversation, news, and ideas with everyone.

Does all this sound a bit pretentious? Perhaps, but if you are interested in joining the social club, you need to adapt your manner and your thinking to the rules of acceptable behavior regarding car manners as in all areas of etiquette.

Forex Technical Analysis – Help for Beginners

If you are a new foreign exchange (Forex) trader, Forex technical analysis can sound like rocket science. You may even mistake it for fundamental analysis. Though both will require critical thinking, obviously, they are at the opposite end of each other in terms of the subjective-objective spectrum. Understanding how Forex works and how the two types of analysis can be done will help you better succeed in trading foreign currencies.

What is Forex?

As with any investment, you have to know what commodity or security you are dealing with. In this case, you are dealing with foreign currencies that you can buy or sell to make a profit based on their changing values. The truth is that trading foreign currencies can be very risky. This is because they can change their values ​​drastically in a short period of time. But if you're smart enough to analyze the trends, you can make a big profit out of this.

Fundamental analysis in foreign exchange

Because the risk is great when dealing with foreign exchange, it is important to have some sort of prediction technique. In which case, different forms of analysis can help you predict how a currency will fare. Fundamental analysis, for instance, makes use of politics, economy, and sudden events, then rolls these factors together to make up the general situation. The trader looks at the general situation and makes a prediction as to how that situation will affect the currency. For example, when a nation loses its leader, the currency of that nation may suddenly decrease in value.

Technical analysis in foreign exchange

Forex technical analysis does not deal with situations, but with raw, unemotional data. Instead of reading the news, the trader takes a look at the recent history of the foreign currency's values. The trader may even look at months' worth of currency value if he or she wishes to see the bigger picture. Then, he or she will plot charts based on the data to make the progression or trending easier to read. Through the use of indicators such as moving averages and Bollinger bands, the trader will discern a pattern or trend. He or she may also recognize when a currency is experiencing a deadlock. A deadlock or being in a state of congestion means that the currency is locked within a small range of values. This may mean that the currency is low-risk or not much can be earned through trading that value.

The benefits of Forex technical analysis

For some pros, Forex technical analysis can be self-sufficient when making predictions and following trends. Through Forex technical analysis, you do not need to become an economist or a political analyst, you just have to be a Forex trader who can plot and read graphs. Through the graphs, you can already figure out what is likely to happen tomorrow or the following week. However, you should operate with the knowledge that even Forex technical analysis can be fallible. But at least, it can give you a better footing when dealing with a high-risk security, such as a currency, which is better than fumbling for your next trading move.

Customized Travel Adapters – The Ideal Corporate Gifts

Most professionals, executives, business owners, office workers, e.t.c, have embarked on travel from one country to another for business transactions, meetings, seminars, workshops, and other business-related functions at one time or the other. As they embark on their different journeys from country to country, their phones, laptops and other electronic gadgets are always with them to keep in contact with business partners and get up-to-date with work.

Phones, laptops are also essential gadgets are a must-pack when embarking on business journeys. There is nothing more frightening than seeing your phone or laptop with a low battery and about to go off when you have important business phone calls to make, you want to navigate your destination with Google Map or have other very important things that you need to do with your phone. This is why a Travel Adapter is a must use when you want to embark on a journey.

What is a Travel Adapter

A travel Adapter is not an electrical converter; it is a connector that allows electrical devices of different plug shapes to be used in different countries. It simply connects different plug shapes to the wall outlet of different countries. This means that with this, you can plug in electrical devices with different plug shapes into the wall outlet of another country.

Different countries and regions have different wall outlets and plug types, which is why a travel adapter is recommended to take along with you whenever you are embarking on a journey to another country. Some of them also have USB Ports where you can charge your phones, tablets and some other USB enabled devices.

Why Travel Adapters are Ideal Corporate Gifts

Company owners, business owners, executives, and other professionals travel most times from one country to another. They need to charge and plug in their different electronic devices and because of this reason, they are ideal corporate gifts that companies and businesses can give out as gift items.

Travel adapters come in different shapes and colors, hence it is best you get the ones that have plug sockets that are compatible with your different electronic devices. Different countries and continents have different plug types such as A, B, C, D, and so on. For example, America has plug type A, Canada has plug type A, European countries have plug type C.

Customized Travel Adapters

Adapters can be customized to suit your needs and make it look different from the other adapters around. This is to give it a unique look and to personalize it for your personal use and satisfaction.

Assuming you have two phones and two tablets that you need to charge at the same time, there are customizable adapters that perfectly suit your need. These are adapters that allow you to simultaneously charge your two phones, two tablets, and other electronic devices at the same time. Charging all your devices at the same time may reduce the distribution of electrical power to each device which will prolong the charging time.

Benefits of using Customized Travel Adapters

1. To charge your phones while traveling – Allows you to charge your phones while traveling regardless of the country you are traveling to. You do not need to worry about whether the wall outlet in the country you are traveling to will be compatible with the country you are coming from. With a customized travel adapter, you can charge your different phones all at the same time thereby saving time.

2. To charge your Laptop while traveling – Allow you to charge your laptop in any country you may be traveling to. A laptop is one of the most important belongings a business man or an executive will be traveling with because he needs to always be up-to-date with work. So using a customized travel adapter will give you an assurance that you will not have to lose track of work due to low battery of your laptop.

3. To charge your Tablets – Apart from charging your phones and laptop, you can as well charge your tablets too. There are many outlets where you can plug in your tablets along with your phones and laptop.

4. To power Electric Shavers – As a businessman going on a business trip that will take weeks, an electric shaver is one personal belonging you shouldn’t forget to take with you. This is where a customized travel adapter is of great importance because you will need to power your electric shaver or charge it when needed. Regardless of the country, you are travelling to, a customized travel adapter is what you should take along with you to enable you power or charge your electric shaver.

5. To charge Digital Cameras – As a tourist going on a vacation or a businessman going to a business seminar, a digital camera is what you should take along with you to capture every moment. You also need a customized travel adapter to enable you to charge or power your digital camera when needed. With a travel adapter you can charge your digital camera in any of the countries you will be traveling to.

Things to take note of

A Travel Adapter is not a converter or a transformer, hence there are two important things that you need to take note of when traveling to other countries so you don’t end up destroying your phones and other devices. These two important things you should take note of include;

1. Current – The two major standards for electric current are Direct current (DC) and Alternating Current (AC). Some countries use DC while some other countries use AC, hence you need to check that your devices are compatible with the electrical current of the countries you will be visiting so as to avoid any damage.

2. Voltage – There are several different standards of electric voltage for different countries. The most common are USA voltage standard of 110/120V and European countries of 220/240V. So check which voltage your devices are compatible with so as to avoid damaging your devices.

Other Forex Currency Sayings

Here are some Forex currency sayings:

  • Currency Trading is about self-government. If you can manage your own actions, you can trade currency successfully.
  • The truth is that most people do not have the self-control to be currency traders. It is a learned skill that comes after much trial and error.
  • There is nothing destructive about being wrong – the mistake lies in "staying" wrong.
  • Difference between Winners and Losers is Persistence
  • 95% of traders lose, because they go onto Forums and are taught how to lose.
  • Never hope on a trade, just manage doubt.
  • One does not have confidence in their trades because they do not have valid reasons for the success of their trades over the long term.
  • Have courage and intelligence to admit when you lose.
  • The traders who are most likely to fail are the ones who enter the market unprepared – emotionally, psychologically and technically.
  • Two entities rule the market, fear and greed. They pass the scepter of control back and forth everyday and that is how we make money.
  • You cannot win without an edge, if you do not know what your edge is you do not have one. To have an edge you must have a method.
  • Winners plan, losers merely hope.
  • Reading all the financial news and evaluating it will avail you nothing. The market may rise on bad news and go down on good news. Then where are you?
  • A good trader has to have three things: a chronic inability to accept things at face value, to feel continuously unsettled, and to have humility.
  • If you traded according to your plan then there are no "extra points" to be had.
  • I convinced myself that whatever was wrong was wrong with me and not with the market.
  • Do not ask the market what he cannot give you, and be prepared to take what he is willing to share with you.
  • Trading is a loser's game. He who loses best wins.
  • Good traders know how to make money, but great traders know how to take a loss.
  • Trade what you see not what you think.
  • Trade Well and Be Well. Take responsibility for your trades. It is your money.

Base Tendriling Travel Expenses

As business travel expenses nose upward, companies are realizing that better cost-management techniques can make a difference

US. corporate travel expenses rocketed to more than $ 143 billion in 1994, according to American Express' most recent survey on business travel management. Private-sector employers spend an estimated $ 2,484 per employee on travel and entertainment, a 17 percent increase over the past four years.

Corporate T&E costs, now the third-largest controllable expense behind sales and data-processing costs, are under new scrutiny. Corporations are realizing that even a savings of 1 percent or 2 percent can translate into millions of dollars added to their bottom line.

Savings of that order are sure to get management's attention, which is a requirement for this type of project. Involvement begins with understanding and evaluating the components of T&E management in order to control and monitor it more effectively.

Hands-on management includes assigning responsibility for travel management, implementing a quality-measurement system for travel services used, and writing and distributing a formal travel policy. Only 64 percent of US corporations have travel policies.

Even with senior management's support, the road to savings is rocky-only one in three companies has successfully instituted an internal program that will help cut travel expenses, and the myriad aspects of travel are so overwhelming, most companies don't know where to start . "The industry of travel is based on information," says Steven R. Schoen, founder and CEO of The Global Group Inc. "Until such time as a passenger actually sets foot on the plane, they've (only) been purchasing information."

If that's the case, information technology seems a viable place to hammer out those elusive, but highly sought-after, savings. "Technological innovations in the business travel industry are allowing firms to realize the potential of automation to control and reduce indirect (travel) costs," says Roger H. Ballou, president of the Travel Services Group USA of American Express. "In addition, many companies are embarking on quality programs that include sophisticated process improvement and reengineering efforts designed to substantially improve T&E management processes and reduce indirect costs."

As companies look to technology to make potential savings a reality, they can get very creative about the methods they employ.

The Great Leveler

Centralized reservation systems were long the exclusive domain of travel agents and other industry professionals. But all that changed in November 1992 when a Department of Transportation ruling allowed the general public access to systems such as Apollo and SABER. Travel-management software, such as TripPower and TravelNet, immediately sprang up, providing corporations insight into where their T&E dollars are being spent.

The software tracks spending trends by interfacing with the corporation's database and providing access to centralized reservation systems that provide immediate reservation information to airlines, hotels and car rental agencies. These programs also allow users to generate computerized travel reports on cost savings with details on where discounts were obtained, hotel and car usage and patterns of travel between cities. Actual data gives corporations added leverage when negotiating discounts with travel suppliers.

"When you own the information, you don't have to go back to square one every time you decide to change agencies," says Mary Savovie Stephens, travel manager for biotech giant Chiron Corp.

Sybase Inc., a client / server software leader with an annual T&E budget of more than $ 15 million, agrees. "Software gives us unprecedented visibility into how employees are spending their travel dollars and better leverage to negotiate with travel service suppliers," says Robert Lerner, director of credit and corporate travel services for Sybase Inc. "We have better access to data, faster, in a real-time environment, which is expected to bring us big savings in T&E. Now we have control over our travel information and no longer have to depend exclusively on the agencies and airlines."

The cost for this privilege depends on the volume of business. One-time purchases of travel-management software can run from under $ 100 to more than $ 125,000. Some software providers will accommodate smaller users by selling software piecemeal for $ 5 to $ 12 per booked trip, still a significant savings from the $ 50 industry norm per transaction.

No More Tickets

Paperless travel is catching on faster than the paperless office ever did as both service providers and consumers work together to reduce ticket prices for business travelers. Perhaps the most cutting-edge of the advances is "ticketless" travel, which almost all major airlines are testing.

In the meantime, travel providers and agencies are experimenting with new technologies to enable travelers to book travel services via the Internet, e-mail and unattended ticketing kiosks. Best Western International, Hyatt Hotels and several other major hotel chains market on the Internet. These services reduce the need for paper and offer better service and such peripheral benefits as increased efficiency, improved tracking of travel expenses and trends, and cost reduction.

Dennis Egolf, CFO of the Veterans Affairs Medical Center in Louisville, Ky., Realized that the medical center's decentralized location, a quarter-mile from the hospital, made efficiency difficult. "We were losing production time and things got lost," he says. "Every memo had to be hand-carried for approval, and we required seven different copies of each travel order." As a result, Egolf tried an off-the-shelf, paper-reduction software package designed for the federal government.

The software allows the hospital to manage travel on-line, from tracking per-diem allowances and calculating expenses to generating cash advance forms and authorizing reimbursement vouchers. The software also lets the hospital keep a running account of its travel expenses and its remaining travel budget.

"Today, for all practical purposes, the system is paperless," says Egolf. The software has helped the hospital reduce document processing time by 93 percent. "The original goal focused on managing employee travel without paper," he says. "We have achieved that goal, in part due to the efforts of the staff and in part due to the accuracy of the software."

With only a $ 6,000 investment, the hospital saved $ 70 each employee trip and saved almost half of its $ 200,000 T&E budget through the paper-reduction program.

Out There

Consolidation of corporate travel arrangements by fewer agencies has been a growing trend since 1982. Nearly three out of four companies now make travel plans for their business locations through a single agency as opposed to 51 percent in 1988. Two major benefits of agency consolidation are the facilitation of accounting and T&E budgeting, as well as leverage in negotiating future travel discounts.

A major technological advance that allows this consolidation trend to flourish is the introduction of satellite ticket printers (STPs). Using STPs enables a travel agency to consolidate all operations to one home office, and still send all necessary tickets to various locations instantly via various wire services. As the term implies, the machinery prints out airline tickets on-site immediately, eliminating delivery charges.

For London Fog, STPs are a blessing. London Fog's annual T&E budget of more than $ 15 million is split equally between its two locations in Eldersburg, Md., And New York City. Each location purchases the same number of tickets, so equal access to ticketing from their agency is a must. With an STP in their two locations, the company services both offices with one agency in Baltimore. Each office has access to immediate tickets and still manages to save by not having to pay courier and express mail charges that can range up to $ 15 for each of the more than 500 tickets each purchases annually.

Conde Nast Publications' annual T&E budget of more than $ 20 million is allocated among its locations in Los Angeles, San Francisco, Chicago, New York and Detroit. Since 1994, travel arrangements have been handled by a centralized agency, Advanced Travel Management in New York City, by installing an STP in each of these five locations. In addition to increased efficiency due to consolidation, Conde Nast now has the ability to change travel plans at a moment's notice and have new tickets in hand instantly.

The real benefit is that the machines are owned and maintained by the travel agency., So there is no cost to the company. Due to the major expense involved, however, STPs remain an option only for major ticket purchasers. "STPs are a viable option in this process for any location that purchases more than $ 500,000 per year in tickets," says Shoen.

As airfare averages 43 percent of any company's T&E expenses, savings obtainable through the various uses of technology have become dramatic. For example, the ability of corporations to collect and analyze their own travel trends has led to the creation of net-fare purchasing-negotiating a price between a corporation and an airline to purchase tickets that does not include the added expenses of commissions, overrides, transaction fees, agency transaction fees and other discounts.

Although most major US carriers publicly proclaim that they don't negotiate corporate discounts below published market fares, the American Express survey on business travel management found that 38 percent of US companies had access to, or already had implemented, negotiated airline discounts. The availability and mechanics of these arrangements vary widely by carrier.

What's the Price?

Fred Swaffer, transportation manager for Hewlett-Packard and a strong advocate of the net-pricing system, has pioneered the concept of fee-based pricing with travel-management companies under contract with HP. He states that HP, which spends more than $ 528 million per year on T&E, plans to have all air travel based on net-fare pricing. "At the present time, we have several net fares at various stages of agreement," he says. "These fares are negotiated with the airlines at the corporate level, then trickle down to each of our seven geographical regions."

Frank Kent, Western regional manager for United Airlines, concurs: "United Airlines participates in corporate volume discounting, such as bulk ticket purchases, but not with net pricing. I have yet to see one net-fare agreement that makes sense to us. 're not opposed to it, but we just don't understand it right now. "

Kent stresses, "Airlines should approach corporations with long-term strategic relationships rather than just discounts. We would like to see ourselves committed to a corporation rather than just involved."

As business travel expenses nose upward, companies are realizing that better cost-management techniques can make a difference.

US. corporate travel expenses rocketed to more than $ 143 billion in 1994, according to American Express' most recent survey on business travel management. Private-sector employers spend an estimated $ 2,484 per employee on travel and entertainment, a 17 percent increase over the past four years.

Corporate T&E costs, now the third-largest controllable expense behind sales and data-processing costs, are under new scrutiny. Corporations are realizing that even a savings of 1 percent or 2 percent can translate into millions of dollars added to their bottom line.

Savings of that order are sure to get management's attention, which is a requirement for this type of project. Involvement begins with understanding and evaluating the components of T&E management in order to control and monitor it more effectively.

Hands-on management includes assigning responsibility for travel management, implementing a quality-measurement system for travel services used, and writing and distributing a formal travel policy. Only 64 percent of US corporations have travel policies.

Even with senior management's support, the road to savings is rocky-only one in three companies has successfully instituted an internal program that will help cut travel expenses, and the myriad aspects of travel are so overwhelming, most companies don't know where to start . "The industry of travel is based on information," says Steven R. Schoen, founder and CEO of The Global Group Inc. "Until such time as a passenger actually sets foot on the plane, they've (only) been purchasing information."

If that's the case, information technology seems a viable place to hammer out those elusive, but highly sought-after, savings. "Technological innovations in the business travel industry are allowing firms to realize the potential of automation to control and reduce indirect (travel) costs," says Roger H. Ballou, president of the Travel Services Group USA of American Express. "In addition, many companies are embarking on quality programs that include sophisticated process improvement and reengineering efforts designed to substantially improve T&E management processes and reduce indirect costs."

As companies look to technology to make potential savings a reality, they can get very creative about the methods they employ.

The Great Leveler

Centralized reservation systems were long the exclusive domain of travel agents and other industry professionals. But all that changed in November 1992 when a Department of Transportation ruling allowed the general public access to systems such as Apollo and SABER. Travel-management software, such as TripPower and TravelNet, immediately sprang up, providing corporations insight into where their T&E dollars are being spent.

The software tracks spending trends by interfacing with the corporation's database and providing access to centralized reservation systems that provide immediate reservation information to airlines, hotels and car rental agencies. These programs also allow users to generate computerized travel reports on cost savings with details on where discounts were obtained, hotel and car usage and patterns of travel between cities. Actual data gives corporations added leverage when negotiating discounts with travel suppliers.

"When you own the information, you don't have to go back to square one every time you decide to change agencies," says Mary Savovie Stephens, travel manager for biotech giant Chiron Corp.

Sybase Inc., a client / server software leader with an annual T&E budget of more than $ 15 million, agrees. "Software gives us unprecedented visibility into how employees are spending their travel dollars and better leverage to negotiate with travel service suppliers," says Robert Lerner, director of credit and corporate travel services for Sybase Inc. "We have better access to data, faster, in a real-time environment, which is expected to bring us big savings in T&E. Now we have control over our travel information and no longer have to depend exclusively on the agencies and airlines."

The cost for this privilege depends on the volume of business. One-time purchases of travel-management software can run from under $ 100 to more than $ 125,000. Some software providers will accommodate smaller users by selling software piecemeal for $ 5 to $ 12 per booked trip, still a significant savings from the $ 50 industry norm per transaction.

No More Tickets

Paperless travel is catching on faster than the paperless office ever did as both service providers and consumers work together to reduce ticket prices for business travelers. Perhaps the most cutting-edge of the advances is "ticketless" travel, which almost all major airlines are testing.

In the meantime, travel providers and agencies are experimenting with new technologies to enable travelers to book travel services via the Internet, e-mail and unattended ticketing kiosks. Best Western International, Hyatt Hotels and several other major hotel chains market on the Internet. These services reduce the need for paper and offer better service and such peripheral benefits as increased efficiency, improved tracking of travel expenses and trends, and cost reduction.

Dennis Egolf, CFO of the Veterans Affairs Medical Center in Louisville, Ky., Realized that the medical center's decentralized location, a quarter-mile from the hospital, made efficiency difficult. "We were losing production time and things got lost," he says. "Every memo had to be hand-carried for approval, and we required seven different copies of each travel order." As a result, Egolf tried an off-the-shelf, paper-reduction software package designed for the federal government.

The software allows the hospital to manage travel on-line, from tracking per-diem allowances and calculating expenses to generating cash advance forms and authorizing reimbursement vouchers. The software also lets the hospital keep a running account of its travel expenses and its remaining travel budget.

"Today, for all practical purposes, the system is paperless," says Egolf. The software has helped the hospital reduce document processing time by 93 percent. "The original goal focused on managing employee travel without paper," he says. "We have achieved that goal, in part due to the efforts of the staff and in part due to the accuracy of the software."

With only a $ 6,000 investment, the hospital saved $ 70 each employee trip and saved almost half of its $ 200,000 T&E budget through the paper-reduction program.

Out There

Consolidation of corporate travel arrangements by fewer agencies has been a growing trend since 1982. Nearly three out of four companies now make travel plans for their business locations through a single agency as opposed to 51 percent in 1988. Two major benefits of agency consolidation are the facilitation of accounting and T&E budgeting, as well as leverage in negotiating future travel discounts.

A major technological advance that allows this consolidation trend to flourish is the introduction of satellite ticket printers (STPs). Using STPs enables a travel agency to consolidate all operations to one home office, and still send all necessary tickets to various locations instantly via various wire services. As the term implies, the machinery prints out airline tickets on-site immediately, eliminating delivery charges.

For London Fog, STPs are a blessing. London Fog's annual T&E budget of more than $ 15 million is split equally between its two locations in Eldersburg, Md., And New York City. Each location purchases the same number of tickets, so equal access to ticketing from their agency is a must. With an STP in their two locations, the company services both offices with one agency in Baltimore. Each office has access to immediate tickets and still manages to save by not having to pay courier and express mail charges that can range up to $ 15 for each of the more than 500 tickets each purchases annually.

Conde Nast Publications' annual T&E budget of more than $ 20 million is allocated among its locations in Los Angeles, San Francisco, Chicago, New York and Detroit. Since 1994, travel arrangements have been handled by a centralized agency, Advanced Travel Management in New York City, by installing an STP in each of these five locations. In addition to increased efficiency due to consolidation, Conde Nast now has the ability to change travel plans at a moment's notice and have new tickets in hand instantly.

The real benefit is that the machines are owned and maintained by the travel agency., So there is no cost to the company. Due to the major expense involved, however, STPs remain an option only for major ticket purchasers. "STPs are a viable option in this process for any location that purchases more than $ 500,000 per year in tickets," says Shoen.

As airfare averages 43 percent of any company's T&E expenses, savings obtainable through the various uses of technology have become dramatic. For example, the ability of corporations to collect and analyze their own travel trends has led to the creation of net-fare purchasing-negotiating a price between a corporation and an airline to purchase tickets that does not include the added expenses of commissions, overrides, transaction fees, agency transaction fees and other discounts.

Although most major US carriers publicly proclaim that they don't negotiate corporate discounts below published market fares, the American Express survey on business travel management found that 38 percent of US companies had access to, or already had implemented, negotiated airline discounts. The availability and mechanics of these arrangements vary widely by carrier.

What's the Price?

Fred Swaffer, transportation manager for Hewlett-Packard and a strong advocate of the net-pricing system, has pioneered the concept of fee-based pricing with travel-management companies under contract with HP. He states that HP, which spends more than $ 528 million per year on T&E, plans to have all air travel based on net-fare pricing. "At the present time, we have several net fares at various stages of agreement," he says. "These fares are negotiated with the airlines at the corporate level, then trickle down to each of our seven geographical regions."

Frank Kent, Western regional manager for United Airlines, concurs: "United Airlines participates in corporate volume discounting, such as bulk ticket purchases, but not with net pricing. I have yet to see one net-fare agreement that makes sense to us. 're not opposed to it, but we just don't understand it right now. "

Kent stresses, "Airlines should approach corporations with long-term strategic relationships rather than just discounts. We would like to see ourselves committed to a corporation rather than just involved."

source: http://orlandomap.info/base-tendriling-travel-expenses