Thomas Cook (India) announced that it partners with ExpenseAnywhere for corporate spend management, with a keen focus on enhancing customer experience and technology.

Thomas Cook India's internal customer research had revealed that travel costs continue to climb in the current environment particularly in the Indian corporate travel space. Additionally, with the unbundling of services and introduction of various ancillary components, organizations find it cumbersome and time consuming to align the various cost components associated with one trip; more so in a price sensitive Indian market where there is a need to look at both the direct and indirect costs associated with travel & entertainment.

Typically, it costs business upwards of 25% in indirect costs to manage direct spend on travel related expenses, hence, in a focused initiative to leverage the growing potential of automated solutions, Thomas Cook India has partnered with ExpenseAnywhere to offer an integrated solution that will standardize processes, reduce manual errors, gain tighter policy controls and enhance reporting capabilities while driving out the cost inefficiencies and limitations inherent to a manual environment.

Indiver Rastogi, chief operating officer and head-corporate travel, Thomas Cook (India) said, "We are delighted to be partners with ExpenseAnywhere- a leading global player in the T&E management domain. This will be a first of its kind association in India and of strong benefit to our customers in organizing their corporate travel expenses. Our aim has always been to help customers at every step of their travel journey and this yet another significant delivery."
 
Shares of the company gained Rs 4.25, or 2.53%, to trade at Rs 172.40. The total volume of shares traded was 20,120 at the BSE (11.38 a.m., Wednesday).