One of the worst mistakes your business can make is letting corporate travel spending get out of hand. The travel and expense process can eat into your budget, and getting a handle on your business travel expenses is vital to your success. Luckily, cloud-based software has made it easier than ever to monitor your spending and make upcoming travel plans all in one location. Pay attention to every detail using these software and monitoring tips with your team.
Global corporate travel leads to great networking opportunities, innovation and even new acquisitions for your business. At the same time, you need to set limits on spending in order to keep employees on the move. Put simple parameters in place to help your team stay within the realm of your company travel policy. Here’s how you can do it:
One example of setting limits could be preferring your employees use Uber instead of a car rental. Alternatively, you may take advantage of booking with preferred travel partners to gain great perks which keep your employees happy as they travel. Partners offer benefits like priority waitlisting, hotel savings, discounts for business class and more!
Hiring an agency to help you make use of an automated spending program like the Concur App can save a great sum of money over the long term. Our simple ROI calculator can highlight your savings over a year-long period to see if your growing company is ready to take the next step and automate business travel expenses. Here are a few major benefits to automating your travel spending:
Using Concur Travel & Expense, you can create a hotel program, car rental program or monitor the lowest available fares all in one location. See how it’s done and explore our other savings that add up over years of travel to come.
It’s hard to guess what great new tech upgrades are around the corner. Stay on trend and make sure you know what’s next with the help of a great travel management company. Here are just a few trends that could change how you monitor business travel expenses in the future: