Expenses

Control your travel budget and get your travelers comply to your policy. See how CYC2 does it with the travel compliance report.

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« Thanks to the implementation of CYC2 travel compliance reporting, we are able to measure the impact of our new global travel policy on the buying behavior of our Corporate travelers and generate significant budget optimization at global level. »

Jos Savenberg

Responsable EMEA Achats Indirects

CONTEXT

Allnex is a newly formed company from the  divestiture of the Coating Resins business of Cytec Industries. The company wanted to reduce its travel costs. The newly formed Procurement team of Allnex had  the responsibility to deliver against  an ambitious cost optimization program. Among the various categories, Travel was considered as one of the priorities. Allnex has a double digit M$ travel spend.

 

OBJECTIVES

Ensure that travelers comply to the new policy at global level, increase cost awareness and generate savings by influencing the right buying behavior without giving in travel quality and security

SOLUTION

Among other initiatives such as  pricing negotiations, online booking tool implementation, increasing the compliance was identified as a key lever of cost optimization. The solution proposed by CYC2 was largely inspired by their service currently provided on telecom costs management already implemented at Allnex.

The solution is based on data from the travel agency combined with data from the expense tool monthly email is then generated to the traveler highlighting his/her compliance level with the policy. The effectiveness of the solution is demonstrated through the progression of KPIs.

BENEFITS

  • Creation of Cost Awareness
  • Policy Compliance
  • Rapidity of Implementation
  • Budget Optimization
  • Hands off project for Allnex
 

RESULTS

  • Increased usage of preferred suppliers
  • Decrease in average ticket price due to advance bookings
  • Increased online booking adoption
  • Global budget optimization of 15%

MILESTONES

09/2014 > Contract signature
11/2014 > Pilot launch
01/2015 > Roll out
03-07/2015 > 10 countries live

A global company with $1.5 billion in sales, Allnex is a leading supplier of resins and additives for architectural, industrial, protective, automotive and special purpose coatings and links.

We are recognized as a specialty chemicals pioneer and for offering the broadest portfolio of high quality products. Our product range entails innovative liquid resins & additives, radiation cured and powder coating resins & additives and cross linkers for use on wood, metal, plastic, and other surfaces. With 16 manufacturing, 12 research & technology support facilities throughout the world, we provide responsive, local support to our customers, helping them to rapidly bring advanced coating solutions to the market.