Safety Squashes Cost Control as Top Biz Travel Priority
Cost control has long been the top priority of companies that travel, but that was no longer the case in 2015. Results from Global Business Travel’s 2015 EVP Barometer found that safety and security have risen to the top of the list, followed by cost control and employee satisfaction. Other interesting tidbits from the annual report include a greater-than-anticipated travel spending increase in 2015 and compelling trends for 2016.
Business TravelGet the Biggest Bang for Your Business Travel Buck
Business travel nets many companies nearly a 4-to-1 return on their investment, and you can do the same if you travel right. Traveling right means taking stock of a trip’s potential costs, potential income, and engaging in a few strategies that can help you make the most of your trip.
Business TravelBusiness Mileage Reimbursement Lowered for 2016
Generous business mileage reimbursement rates are a thing of the past, thanks to the IRS revamping the rates for 2016. The new, lowered mileage reimbursement rate for a business vehicle is 54 cents per mile, down a full 3.5 cents from last year’s 57.5 cents per mile. The new rate took effect Jan. 1. Although the mileage reimbursement has decreased by 3.5 cents, the average price of a gallon of gas has fallen from $3.50 a gallon in August of 2014 to $1.77 in February of 2016. That’s over a 50% decrease in the price of gas so even at 54 cents per mile you’ll get a good bang for your buck (or half buck).
Business TravelNot All companies are Uber-Excited About the Sharing Economy
Although business travelers are largely embracing service options available through the sharing economy, not all companies are equally as keen on the concept. In fact, a recent survey found a notable percentage of businesses outright prohibit the use of non-traditional lodging services, and car rentals still beat out ridesharing services when it comes to ground transportation options.
Business TravelThe Lowdown on Sky-High Wi-Fi
Wi-Fi has become such a necessity that 45 percent of business travelers who use it would actually be willing to go through the arduous security screening twice in exchange for a flight with a more reliable connection. Sixty-six percent of travelers were influenced by Wi-Fi options when choosing their flights, 22 percent have paid more for a flight just to get Wi-Fi, and 29 percent would give up their confirmed ticket for a standby on a flight with faster Wi-Fi.
Business TravelDon’t Leave Home Without Your Smartphone – The Ugly Reality
Ever imagine what a business trip would be like without your smartphone? Most of us would shudder at the thought. Business traveler and VentureBeat columnist John Koetsier actually lived through the experience. And he promises it wasn’t a very enjoyable one. To put it as bluntly as he did, the words he used were: “It sucks.”
Business TravelHow Mobile Technology is Impacting Business Travel
Mobile technology already has such an impact on business travel that most travelers say Wi-Fi is the most precious piece of mobile tech that aids in productivity while traveling. In fact, a majority of corporate travelers from many countries say it’s absolutely vital during every business trip.
Business TravelLearn to De-Stress Business Travel
Even when business travel involves a fabulous location, a quick flight and a light schedule, it can still take a huge toll on your mind, body, emotions and spirit. Harvard Business Review contributor and CEO Peter Bregman found this out the hard way when it took him a full week to recover from one of his seemingly easy, two-day corporate jaunts.
Top Trends and Concerns of P2P Professionals
As organizations continue to implement technology designed to streamline their Purchase-to-Pay (P2P) processes, a number of trends and concerns keep surfacing. Both were discussed in a recent webinar hosted by PayStream’s Henry Ijams and featuring Greg Horton of OpenText.
Expense Management, Expense Analytics and ReportingMust-Knows About the High Price of Travel Expense Reimbursement
Your corporate travelers are the face of your company, representing you far and wide. But when you fail to reimburse them in a timely, fair and efficient manner, you could be paying a high price indeed.
Expense Management, Expense Reports