Introduction
For many companies, travel expenses rank among the top three expenditures, trailing only payroll and rent. Unmanaged or poorly managed travel programs inherently produce a drag on profitability.
Private equity (PE) firms are tasked with delivering positive returns for their investors and need a solution to control travel expenses across their portfolio while maximizing savings and operational efficiencies. Individually, portfolio companies often lack travel management controls and travel spend volume to negotiate favorable vendor discounts, limiting their ability to effectively reduce travel costs.
Solution
Cain Travel provides a proven solution to support PE firms in managing and reducing travel expenditures across their portfolio. By consolidating travel spend through Cain, PE firms that own 51%+ of a portfolio company can achieve a streamlined travel management program, value-added services, and advanced reporting capabilities.