What Is the True Cost of Your Corporate Travel Program - And How Do You Know if That's Good or Bad?
Welcome to The River!
If your CFO asked for the total cost of your travel program, you'd run the latest report from your TMC and show all airfare, hotels, and rental cars.
But you'd only be seeing half the picture.
What about travelers who went around the TMC and booking tool? What about out-of-pocket expenses like meals, taxis, and tips?
In order to optimize your travel program spend, it needs to be integrated into your expense management program. Then once you have the true cost of travel, you can calculate the cost of sales, compliance rates for business units, and fully understand the true cost of ownership for travel. From here, you can benchmark your program against peers and best-in-class programs and start to make improvements to reach your strategic goals.
Start thinking about your employee travel and expenses in a whole new light. The only thing you'll have to say after viewing the webinar is - Take me to The River!
Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2 million business travelers around the world trust Chrome River. To learn more, contact Chrome River at 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.
Our firm saved over 1 million dollars in travel expenditures [last year] as a result of implementing the Chrome River Expense Pre-Approval process.
It is taking us just one quarter of the time to manage the expense process as it used to.
Chrome River takes all the guess work out, forces the user to be crystal clear on where they put their money and allows us to effortlessly reimburse them.