Travel and expense management (TEM) represents the second largest controllable expense for most mid-market and larger businesses. Given the size of the expense and the consistent desire to control and reduce costs, it’s no surprise that travel management is among the most common services that go out to RFP.
Data and information is all around us, available virtually at the click of a button. Yet, within the corporate travel management arena, the most effective use of data is not being fully realized. As the CFO within your business, understanding the importance of collecting, analyzing and presenting relevant data is critical to the strategic success of your business, as CEO’s are requiring increased transparency and visibility into your business’ finances.
You’re probably aware that T&E can be the second largest line item in your budget. You’re probably also aware that there are unaccounted-for gaps. Maybe you have “rogue” travelers who insist on doing things their way. Or your team is losing productivity (and increasing costs) by handling their own bookings.
Topics: Travel Program
Travel Leadership Blog
Travel and expense management is a key leverage point to enhance productivity & control costs. Join us here as we share best practices, stories, insights and tools to help you manage your travel more effectively.