NANSHING, China, June 17, 2015 /PRNewswire/ -- On June 17, Shenzhen EasyGo Technology Co., Ltd. (hereinafter referred to as "EasyGo"), an emerging technology application company dedicated to the corporate travel service industry in China, officially signed a strategic cooperation agreement with business travel giant Tempus Global Business Service Co., Ltd. (Stock Code: 300178, hereinafter referred to as "Tempus Global").The two partieswill join forces to drive the future of China's corporate travel management market.
Tempus Global and EasyGo sign strategic cooperation agreement
Undoubtedly, China’s corporate travel market is growing at an extremely rapid pace. According to the latest research on the Asia-Pacific business travel market, China’s annual corporate travel expenditure currently reaches $250 billion. In 2015, China’s travel expenses will surpass those of the United States, making it the world’s largest corporate travel market, and this figure is expected to grow to $500 billion by 2025. As domestic companies expand and their internal management mechanisms mature, the demand for standardized corporate travel management is becoming increasingly evident. The integration of corporate travel management with mobile internet is also a future trend.
EasyGo emerged under the backdrop of rapid industry development and market segmentation,focusing on providing an innovative business platform for China’s corporate travel service market through internet and mobile internet technologies. With nearly a decade of rapid development in the travel management industry, the focus of corporate expense management has shifted from merely reducing travel costs to enhancing overall expense management capabilities. Compared to the relatively mature areas of travel booking and travel services, corporate expense management still largely relies on manual processes, especially with a lack of effective solutions for compliance management. Therefore, the first product launched by EasyGo — also a customized system for Tempus Global — is the 73GO Expense Management System TCR. This system enables Tempus Global to make further technological breakthroughs and establish a closed-loop management process for clients, from budgeting to travel to expense reimbursement. The 73GO Expense Management System TCR addresses corporate challenges in expense management through five key features: mobile app, digital workflows, automated & manual compliance checks, travel booking data integration, and data analytics. It helps companies improve efficiency, enhance management capabilities, and reduce costs. This system will be the first of its kind in China’s corporate travel management service industry. EasyGo will also continue to develop other system modules to build a comprehensive "73GO Travel Management Platform", which can fully connect corporate users with TMCs (Travel Management Companies), helping Chinese TMCs leverage their travel service capabilities to deliver comprehensive, high-quality services to corporate clients.\Five key features—manual compliance checks, travel booking data integration, and data analysis—address the challenges enterprises face in expense management, helping businesses improve efficiency, enhance management capabilities, and reduce costs. This system will be the first of its kind in China’s business travel management service industry. EasyGo will also continue to develop other system modules to establish a comprehensive “73GO Travel Management Platform,” which can fully connect corporate users with TMCs, enabling Chinese TMCs to leverage their travel service capabilities to provide comprehensive, high-quality services to corporate clients.
On the other hand, Tempus Global announced in its recent three-year plan a project for a travel management cloud platform. Relevant officials stated that the travel management cloud platform is an inheritance and upgrade of the existing system. Aimed at enriching the content of domestic travel management, this platform delves into the field of client expense management, enhances customer loyalty, and lays the foundation for future corporate finance services. The strategic cooperation with EasyGo symbolizes the official launch of this project and marks an important leap forward for Tempus Global’s travel management business.
Tempus Global’s choice to optimize its system platform via technology outsourcing reflects its open attitude toward the industry, showcasing its ability to leverage its own strengths, adopt advanced technologies, optimize resource allocation, and achieve faster growth. Meanwhile, EasyGo, focused on technology development within the travel management service industry, has set higher industry standards through its collaboration with the technically capable industry leader Tempus Global. At the same time, it has gained rare recognition from the industry.