How does your company get started?

There are 6 steps to Award Management:

6 Steps of Award Management

  1. Evaluate travel data & project savings
  2. Decide whether to move forward
  3. Establish and implement procedures
  4. Connect to client’s travel booking center
  5. Replace tickets that provide optimal results
  6. Periodically evaluate program’s success

 

Details of the 6 Steps of Award Management

  1. Evaluate travel data and project savings – In order to project company point program savings, AwardMax requests that your company provide air travel data for a 12-month period of time. AwardMax then uses that data to calculate the earning of company points, recommend additional ways to earn points and project savings based on various levels of point program participation.
  2. Decide whether to move forward – Once your company decides to move forward, AwardMax will provide an agreement that outlines the terms of our service – and together we will finalize the terms of our agreement.
  3. Establish and implement procedures – AwardMax works hand-in-hand with the appropriate individuals at your company and/or travel-booking center to establish the processes and procedures necessary to implement the AwardMax service.
  4. Connect to client’s travel booking center – By connecting to the travel-booking center, AwardMax is able to view all company reservations – and to use its technology to optimally process each reservation with respect to earning, managing, using and reporting on each element of the company point programs.
  5. Replace tickets that provide optimal results – Based on the company’s objectives, AwardMax will maintain optimal inventory levels for each of the company point programs – with the purpose being to use these points for tickets that provide the greatest financial benefit for the company.
  6. Periodically evaluate program’s success – An Executive Summary, provided to the company’s top management, is prepared and presented by AwardMax – and can be provided on-line or in person at the company’s location. This summary is usually presented on a quarterly basis, but can be more or less frequent based company management preferences. The purpose of the executive summary is to provide a summary of the results of the program and to make additional recommendations on how to enhance the program, along with the pros and cons and projected savings for each recommendation.