According to research from the Aberdeen Group, 51% of companies cited a lack of visibility into travel spend as their top T&E management challenge. If you are like most organizations, the amount of spend related to travel is huge. In fact, travel is considered to be the second largest controllable business expense. With that in mind, do you feel like you have control over your company’s travel expenses?
A comprehensive and flexible travel management reporting system can provide travel managers the view they need to effectively monitor performance indicators, identify travel patterns and track spending in granular detail. A powerful reporting tool will consolidate travel data in real-time so managers have quick access to accurate information. The more accurate your travel activity data, the more empowered you are to manage travel behavior, track cost savings and enforce policy.
When evaluating a reporting system that is best suited to your unique business situation, consider these features and travel reporting objectives: