Companies of all sizes are investing in driving business growth
through travel and expense (T&E) spend. According to the Global
Business Travel Association, business travel spending grew globally
to $305 billion in 2018 from $292 billion in 2017—and is projected to
grow another 3.1% in 2019.
Business travel serves many functions and impacts a wide range
of business objectives from bolstering sales to strengthening
partnerships, training, customer service, and professional
development. Yet many companies fail to invest in streamlining their
T&E management.
When organizations invest in modernizing essential T&E processes,
they can significantly reduce expense report processing costs,
increase employee productivity across the enterprise, improve
working capital management, mitigate risk exposures, and minimize
maverick spend.