Lola.com is a comprehensive corporate travel management platform designed to simplify and streamline the process of booking, managing, and reporting on business travel. Here’s an overview of what the product does and its key features:
What Lola.com Does
Lola.com is founded by Paul English, co-founder of KAYAK, and is led by CEO Mike Volpe, formerly CMO at HubSpot. The platform is dedicated to transforming corporate travel management by providing a user-friendly, efficient, and cost-effective solution. It aims to make business travel arrangements easy, stress-free, and compliant with company policies.
Key Features and Functionality
Travel Booking and Management
- Real-Time Travel Booking: Users can book flights, hotels, and rental cars quickly and efficiently through the platform.
- Travel Itinerary Management: Manage and organize travel itineraries in one place, ensuring all details are consolidated and easily accessible.
Expense Management
- Automated Expense Reporting: Eliminates the need for employees to fill out expense reports manually. The system updates in real time, keeping charges within preset spending limits and categories.
- Lola Spend: A smart credit card feature that caps spending in specific categories, such as blocking high-end hotel stays or limiting marketing expenses on Google Ads.
Policy Compliance and Budgeting
- Customizable Travel Policies: Companies can set up and manage travel policies, ensuring that all bookings and expenses are within predefined limits.
- Travel Budget Tracking: Track and manage travel budgets, allowing managers to view expenditures and monitor team spending efficiently.
Analytics and Reporting
- Travel Analytics: Provides insights into travel spending and performance metrics, helping companies make informed decisions.
User Support and Interface
- 24/7 Customer Support: Offers round-the-clock support to assist users with any issues or queries.
- User-Friendly Interface: The platform is designed with a simple and intuitive interface, making it easy for users to navigate and book travel without unnecessary complexity.
Integration and Security
- Integration With Accounting Software: Seamlessly integrates with accounting software to streamline financial processes.
- Data Security: Ensures that all data is secure, providing a safe environment for managing sensitive travel and financial information.
Additional Features
- Mobile App: A mobile application that allows users to manage their travel on the go.
- Travel Alerts: Provides real-time alerts and updates to keep travelers informed about any changes or issues related to their travel plans.
- Corporate Discounts: Offers corporate discounts and competitive rates to help companies save on travel expenses.
Overall, Lola.com is a robust platform that leverages advanced technologies, including machine learning, to make corporate travel management more efficient, cost-effective, and user-friendly. Its extensive range of features ensures that both travelers and managers have a seamless experience from booking to reporting.