A recent report has suggested that companies and business managers must crack down on travel expenses and out of pocket spending.
Experts at ViewFrom36K claim that only 60-70% of corporate travel expenses are for flights, hotels and car hire. Often the remaining 30-40% gets overlooked and goes unexamined, which could negatively affect a company’s bottom line.
While corporate credit cards are recommended for ease of tracking spending habits, it’s also been suggested that companies should invest in new technology to make expense claims and reports easy, streamlined and transparent.
Business Travel – Expense Management Technology
As early adopters of technological solutions, we have provided all our business travel clients with access to a cutting edge travel and expense tool. Travellers can access the programme via an easy to use app, which allows them to book travel, check itineraries and also scan receipts and submit expenses in seconds.
These submissions facilitate quick and easy reporting, allowing Finance Managers full visibility of spend, while increasing compliance with Travel Policy.
Edel Doherty, Managing Director of Beyond Business Travel adds: “When working with clients, we use our technology to help scrutinise expense reports and determine the true cost of business travel. Looking at factors like changes in spend, trends in out of pocket expenses and the overall cost of business trips, we can help suggest solutions for making your budget go further and making sure you’re maximising savings while minimising traveller impact.”
If you’d like to save money on your next trip, while getting the best technology and support the travel industry has to offer, contact us via form below and we can arrange a demonstration.
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