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Travel and entertainmentexpenses (T&E) can give your business a competitive advantage if used wisely and effectively. Although often costly, T&E expenses can help your team meet new people, close deals, and sync with important vendors. What expenses are included in T&E?
But, here’s a bit of good news coming out of travel and expensemanagement company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel. Second, companies should “ensure policies are easy to find,” according to Macdonald.
Cloud-based travel and expense report management solution Certify combined with three other corporate travel and expensemanagement companies earlier this year, with parent company K1 Investment Management incorporating Nexonia, ExpenseWatch and Tallie under the Certify name to step up competition with industry leader SAP Concur.
Corporate travel and expensemanagement has made leaps in adopting new technologies in 2016. Uber, Lyft and Airbnb are all taking off in the space, suggesting corporate travelers and their managers are ready to adopt innovations that make their lives easier — both to travel and to manage corporate funds.
The data follows previous research from Sabre and the Global Business Travel Association (GBTA), released last year, which also emphasized the potential for mobile travel and entertainment (T&E) industry solutions to gain traction in a saturated market. According to that report, 78 percent of U.S.
According to new research published on Monday (June 6), business dining is one of the least managed areas of corporate expenses, representing about 10 percent of annual T&E spend for a corporation. Four out of 10 survey respondents said their companies spend at least $1 million on meals and entertainment a year. ”
“The latest Certify SpendSmart report shows how the business traveler is more in the driver’s seat than ever before when it comes to making purchasing decision on the road,” said Certify CEO Robert Neveu in a statement.
Initially, he said, travel to Cuba will be tourism-related as consumers entertain their curiosity about the country. . “It’ll be small-scale, just like everything in Cuba,” Seleski explained of the business he anticipates from card use in Cuba. .
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