Company News

FCM Launches SmartFARE Price Tracking Services Powered by Yapta

SmartSUITE Customers Now Backed by Dynamic Price Tracking Technology to Capture Savings When Airfare Prices Drop

NEW YORK – July 19, 2016 – FCM Travel Solutions, the global flagship corporate brand of the Flight Centre Travel Group, today unveiled SmartFARE, an airfare price tracking and reporting solution powered by Yapta’s FareIQ. Available as part of its SmartSUITE of products, SmartFARE is an innovative price tracking program that identifies airfare savings opportunities, and provides companies with powerful insights into their travel spend.

The SmartFARE technology integrates seamlessly with agents’ workflow by dynamically monitoring pricing on itineraries placed on a queue by FCM agents. Upon a recognized savings opportunity, SmartFARE immediately issues a series of messages, including email alerts, a web portal notification, and remarks posted directly in the itinerary record, that enables those savings to be acted upon by an agent.

“Yapta is fully integrated into our GDS and back-office workflow, so we control the entire automated process of price assurance using live pricing availability – which is exactly what our agents see,” said Billy McDonough, president of FCM’s USA operation. “As a result of this integration, we can report results using our own customized reporting, or by using dashboards provided by Yapta – whichever is best suited for our customer.”

Companies utilizing Yapta’s FareIQ price tracking technology are seeing an opportunity to save on more than 11 percent of their overall itineraries, with an average identified savings of $260 per ticket. Any savings identified by FareIQ on behalf of its customers are over and above any airline imposed change fees and agency re-booking fees, ensuring customers see true value to their bottom line.

“FCM’s enterprise customers have a tremendous opportunity to save as part of the SmartFARE program,” said James Filsinger, President and CEO of Yapta. “Airfare price tracking has quickly become a best practice for those managing large travel organizations, and FCM has put the industry’s most advanced price tracking technology at their fingertips. We’re honored to be powering the technology behind SmartFARE, and to be serving a role in FCM’s SmartSUITE of products.”

About FCM Solutions

FCM Travel Solutions is one of the world’s leading corporate travel and expense management consultancies. The brand has been recognized as the World’s Leading Travel Management Company for the fourth consecutive year (September 2015). It creates strategic business travel programs for all types of companies across all sectors. FCM Travel Solutions blends global presence with local, flexible and personal service, and provides end-to-end corporate travel and expense management solutions. With a regionally focused international network of travel partners spanning over 90 countries, FCM Travel Solutions helps minimize the costs of business travel. Better travel ideas. Greater savings. www.fcm.travel

About Yapta

Prices drop. We alert. You save. Yapta’s corporate travel solutions, FareIQ and RoomIQ, enable companies to extend their T&E budgets, boost traveler compliance and attain essential program-specific data. Constantly tracking booked airfares and hotel rooms, Yapta sends instant alerts when prices drop. Launched in 2007, we pioneered the category of travel price assurance, and have delivered more than $650 million in savings alerts to businesses and consumers. Yapta guarantees bottom-line savings. www.yapta.com