Benefits of consolidating corporate travel dating meet wiccan singles

16 Sep

Download Now Travel and entertainment (T&E) processes can be a pain point for the CFO and the finance function.The pain appears in the form of pushback from employees who are testing the boundaries of compliance with T&E policies and processes, frustration from finance team members who are asked to process T&E submissions manually and across multiple systems, and concern from finance team leaders about what T&E management says about the efficiency of the finance function and the firm itself.Unless, of course, Expedia buys Priceline next month (or vice versa).Travel industry executives, analysts and regulators debate whether such consolidation inspires healthy competition. You visit three different online travel agencies (OTAs): Expedia, Orbitz, Travelocity.You compare prices among four budget hotels: Days Inn, Howard Johnson, Super 8, Travelodge.Lack of oversight and control of T&E spending means that the CFO can’t know precisely whether value is being realized from T&E spending or not.A company’s payment methods are often adapted to the control processes a company has in place, the type of employee making the purchase, the kinds of technology available both to make purchases and process transactions, and the corporate culture. In the survey, more than two-thirds (69%) of senior finance executives agreed that their companies would benefit from better control over T&E.

Easy-to-read-reports on global, regional and local levels from our complete suite of traveller solutions allow corporations to stay on top of our workings and enjoy the travel savings derived therewith.In today's age of globalizations, corporations are increasingly seeing the benefits of consolidation of these parameters (savings close to 20 percent of the travel spend) on global, regional as well as local levels.Furthermore, as consolidation is a continual process, the benefits are on long-term basis.More efficient T&E management can make employees’ and CFOs’ lives better, help the company save on its T&E spending, and provide data that helps better manage the business.An ideal travel program needs to consolidate all major parameters of its travel program especially the aforementioned Hotel Expense Management, Air and Ground Transport Management and Compliance and Demand Management to achieve the heights of success.