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Follow on Google News | KBR Appoints TCG Consulting to Oversee Corporate Travel TeamTCG announces Houston-based office to transform and optimize energy industry corporate travel operations through cost reductions and increased efficiencies
By: TCG Consulting Through this innovative new business model, TCG will develop and implement a strategic global program optimization plan as well as transition and outsource KBR’s existing travel team of experts to TCG. This agreement will result in creating a new TCG-branded office in Houston to serve KBR and clients across the oil, gas and field services sectors as well as other prominent industries. This agreement enables the legacy KBR travel team to continue to serve KBR as well as work with a wider variety of other TCG clients, across multiple industries, both in Houston and globally. The agreement projects to deliver significant savings to KBR over a multiyear period as well as enhance the overall traveler experience and reduce organizational risk. This unique new business model enables the efficient, lower cost provisioning of corporate travel services at a pivotal time for the energy sector, addressing current market conditions while maintaining scalability provisions for longer term growth. “We are excited to announce this agreement with TCG to deliver outsourced program management travel solutions, which we anticipate will help us improve efficiencies and significantly lower costs, while maintaining and enhancing quality service levels to the KBR traveler,” said Ian Mackey, EVP Human Resources, KBR.” KBR’s decision to outsource corporate travel, meetings, payment and expense management functions to TCG was driven by TCG’s eight years of previous success consulting on travel services for KBR combined with TCG’s innovative, all-inclusive and scalable solutions. “Also important in our decision, was TCG’s commitment to offer the corporate travel team positions within their new Houston office to continue to support KBR plus work with other clients – making this a win for all,” continued Mackey. “TCG identifies and delivers corporate travel transformation via cost reduction and avoidance, strategic integration, and process efficiency strategies while ensuring a positive traveler experience,” The strategic transformation agreement and opening of the new TCG office in Houston comes at a critical time. With the likelihood of oil prices remaining lower for the foreseeable future, every part of the sector is looking to tighten capital discipline and improve returns. Delivering TCG’s best practices in program optimization across the oil and gas sector meets the sector’s urgent short term need to reduce cost while creating a strong foundation for clients to scale and drive greater profitability once oil prices start to increase. The average return on capital of the largest European and US oil companies dropped from 21 percent in 2000 to 11 percent in 2013, even though the average price of benchmark Brent crude rose from $29 to $109 per barrel over that period. Cost increases more than offset the rise in revenues. In a lower-price environment, the imperative to cut cost and create efficiency is compelling and urgent. For more information on the agreement and new Houston office, visit http://tcgconsulting.net/ About TCG TCG Consulting (http://tcgconsulting.net/ Media Contact: Chris Wailes, Pierpont Communications for TCG Consulting, cwailes@piercom.com End
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