A Strategic Approach for Energy Companies to Reduce Indirect Costs - An Optimized and Integrated Corporate Travel, Meetings, Payment and Expense Management Case Study
Corporate travel and meetings is the #2 indirect expense for a company, running from 1-3% of annual revenues or higher in many cases. Companies in the global oil, gas, energy and field services sectors are continuing to seek innovative ways to reduce cost structures as the current market conditions show no sign of abating.
This webinar will present how KBR, a global technology, engineering, procurement and construction company, has embarked on a corporate travel strategic optimization initiative with the support of TCG Consulting to deliver $15-20M in spend reduction while also enhancing spend visibility, improving the user experience and maintaining infrastructure scalability to enable quick response to changing market conditions.
4 KEY TAKEAWAYS - What Attendees Will Learn
- How a strategic optimization initiative can reduce Total Cost of Ownership spend by 7-15% or higher and deliver ROI of 20:1 or more
- The rationale for company senior leadership ownership of an initiative and value of moving corporate travel from a tactical function to a strategic priority
- The power and value for integration of travel, meetings, payment and expense management
- Operational and supplier enhancement opportunities, including redefining the agency relationship, technology and supplier sourcing, policy and reporting, organization design, process improvements, and business case for external program management of key functions
Albert Taras is responsible for TCG's global corporate planning, management and direction as well as the lead executive sponsor for key client partnerships and engagements. Albert has 27 years of international travel industry experience and has led over 300 engagements in TCG's 21 year history, optimizing and integrating clients' global travel, meetings, payment & expense management programs.
Albert's specific leadership experience includes strategy development, sourcing, travel cost reduction and avoidance, operations and service delivery, policy development and compliance, workflows and processes, integration of corporate payments and expense management systems, scalability, M&A, post-merger integration, benchmarking, reporting and data management, security and traveler tracking, compliance management to supplier agreements, program & project implementations and outsourcing.
After previous work as a Vice President of Business Development and a Marketing Manager within the travel industry, Albert launched TCG Consulting in 1994. The company has been under continuous independent ownership since its founding and has delivered over 1,200 global engagements across 163 countries on 6 continents, managing over $26B of client spend.
Albert is also involved with industry groups such as the Association of Corporate Travel Executives, ProcureCon, the Procurement and Supply Institute of Asia, the Global Business Travel Association, and the North Carolina Business Travel Association.
Bill Kerr leads the global marketing and business development functions for TCG, working with regional teams and the company's global business lines - Strategy, Category and Program Management - both in the U.S. and through regional offices in London, Hong Kong, and Sao Paulo, Centers of Excellence in Houston and Dubai, and the Global Business Services Center in Manila.
His 25 years of experience includes diverse marketing, strategic planning, professional services, client management, and product development leadership roles with Kraft Foods, Wachovia Bank, Arthur Andersen Business Consulting, and Microban.
Bill is originally from Silver Spring, MD. He holds a B.A. from Roanoke College in Salem, VA and earned his MBA from Duke University's Fuqua School of Business in Durham, NC. He serves on the Board of Directors at Carolina Raptor Center- a leading international center for research, education, and rehabilitation for birds of prey.
Engagement Manager, TCG Consulting
Darcy Taylor is responsible for the long-term strategic direction and operational oversight of KBR's global travel, card and traveler tracking programs. Darcy and her team oversee the travel management function for a 27,000-person workforce traveling to 60+ countries. A key focus area for the team is management of policies, processes and tracking tools to ensure KBR traveler safety.
Darcy brings 25 years of experience and leadership to her roles, with deep experience managing global travel, card and expense management, government compliance, accounting, forecasting, budgeting, plus system implementation programs and initiatives.
Prior to her current KBR role, Darcy served as Travel Manager for Suez Energy N.A., responsible for corporate travel, card and expense reporting programs. She also held a number of positions during a 16 year tenure with Continental Airlines including Revenue Accounting Manager.
Under her leadership, the KBR team has been recognized across the industry for designing and implementing a best-in-class Travel Safety/Emergency Duty of Care Program.
Darcy holds both a bachelor's and master's degree from the University of Houston and lives in Houston, Texas.
Richard Mason, Chief Technical Director, Hart Energy
Richard Mason published The Land Rig Newsletter from 1992 to 2009, where he developed metrics to provide high-resolution perspective on the land rig drilling market, including regional rig utilization, rig pricing, technological evolution in drilling systems and rig employment patterns by operator. Prior to joining Hart Energy in 2011, he was director of research at Houston-based PLS Inc., an oil and gas property brokerage and publishing firm. Mason is a graduate of Ohio University with a Bachelor of Arts degree, with honors, in history.