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CWT launches new subscription fee model to simplify pricing and billing


The publish CWT launches new subscription fee model to simplify pricing and billing appeared first on TD (Travel Daily Media) Travel Daily.

CWT, the business-to-business-for-employees (B2B4E) journey administration platform, has launched a new subscription fee model to supply its prospects easy and clear pricing and billing. Companies can now obtain a single, recurring month-to-month bill* masking charges for all of the merchandise and providers they procure globally from CWT, saving them time, while additionally simplifying their journey value budgeting.

The subscription fee relies on a number of standards, together with an organization’s forecasted transaction quantity and any value-added merchandise and providers they could require. The model additionally provides flexibility, because the fee may be revised if a buyer wants to change the scope of merchandise and providers included of their subscription.

“As part of our ongoing commitment to simplify business travel for all, this new fee structure will not only streamline our customers’ pricing and billing processes, but afford them built-in volume discounts that are not inherent to the transaction fee model,” mentioned Brady Jensen, CWT’s VP of Finance and Head of Global Pricing. “Different to Transaction Fee Models, this new billing model issues just one simple, comprehensive monthly invoice as opposed to multitudes, making monitoring and managing business travel spend and forecasting that much easier for corporate travel managers.”

CWT has piloted subscription fee billing with a choose group of purchasers over the previous yr. The suggestions has been overwhelmingly constructive, offering readability into their TMC spend in addition to considerably lowering the period of time their finance groups spend reconciling TMC invoices. New purchasers indicated the model eradicated their largest billing bugbear of unanticipated or hidden charges, which they’d traditionally skilled prior to becoming a member of CWT.

The publish CWT launches new subscription fee model to simplify pricing and billing appeared first on Travel Daily.



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