Do You Know Where Your Business Travel Dollars Go?
When it comes to travel expenses, the big consideration is not necessarily about spending more or less – it’s about spending differently. But changing spending habits to ensure companies are efficiently meeting their goals may be easier said than done, according to a CFO Research and SAP study. The study collected info from 173 finance executives at midsize and large firms across Europe and North America.
Expense Management, Business TravelWhy You Need Reporting and Analytics in Your Purchase-to-Pay (P2P) Automation
Innovative companies of all sizes and types are turning to Purchase-to-Pay (P2P) automation to enhance efficiency, reduce costs, and increase visibility and control of their spending. Once they decide on P2P as a solution, however, they still have to ascertain which specific tool from which specific provider will best suit their needs.
Expense ReportsWorldwide Travel Alert in Place through Early 2016
A worldwide travel alert was put in place by the US State Department, encouraging travelers to remain vigilant for terrorist attacks when heading out of the United States. The alert was issued Nov. 23 in the wake of attacks in France, Mali, Denmark, Turkey and Nigeria, along with the suspected terrorist bombing of a Russian airline in Egypt. The alert is set to expire Feb. 24, 2016. This is the first worldwide travel alert issued since 2013.
Business TravelUS Employees Give Employers $9.7 Billion in Unfiled Expenses
American workers are a generous bunch, or at least it could appear that way based on the $9.7 billion they collectively give back to their employers on an annual basis. Those funds are not from charity or volunteer work. They actually come from unclaimed expenses that pile up, unfiled, each and every year.
Rise of European Business Travel Expenses Spurs Economic Hope
European business travel is primed to experience its greatest increase in the past half-decade, according to a Global Business Travel Association study, and its rise is bolstering economic hopes for Europe right along with it.
Business TravelMastering the Expense Management Balancing Act
Travel and expense management has largely become a balancing act, with CFOs walking a precarious tightrope between employee satisfaction and controlling the budget. Companies are pushing for higher efficiencies while business travelers are prompted to pay acute attention to costs, without sacrificing compliance and beneficial company outcomes.
Expense ManagementBenefits of the Chrome River Thomson Reuters Elite Partnership
Finding just the right solutions and service providers for your firm can be a harrowing task, involving extensive time, effort and willingness to trust unknown providers. Finding just the right customers for the solutions and services your own company offers can be just as time consuming and extensive.
Chrome RiverGBTA Frankfurt 2015: Technology Explosion Can Mean ‘Trial and Error’
With more than 65,000 travel apps and 32,000 finance apps available through major online app shops, there is no doubt technology is exploding in the finance and travel industries. There is also no doubt that use of new technologies will inevitably lead to a bit of trial and error. To truly land on technology that works, companies may need to experience a few duds until they land on a keeper.
Expense ManagementMust-have Travel and Expense Management Features
One of the easiest ways to boost efficiency and compliance for traveling employees is with travel and expense management software. But all travel and expense management software is not created equal, nor are every company’s needs exactly the same.
Expense Management
