article thumbnail

Travel expense management: How T&E benefits your business

Accounting Insight

Travel and entertainment expenses (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?

article thumbnail

How SMBs Prepare For A New Era Of Employee Expenses

PYMNTS

According to Ken Tan , co-founder of Singapore-based small business travel and expense management startup Navisteps , there is cause for optimism.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Millennials Spend Less While On Business Trips

PYMNTS

But, here’s a bit of good news coming out of travel and expense management 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.

article thumbnail

Certify Adds Another Industry Peer To Mega-Merger

PYMNTS

Cloud-based travel and expense report management solution Certify combined with three other corporate travel and expense management 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.

article thumbnail

More Robots, Fewer Barriers For T&E Tech Next Year

PYMNTS

Corporate travel and expense management 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.

article thumbnail

Corporate Dining Expenses Go Largely Unchecked

PYMNTS

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. ”

article thumbnail

How Mobile Solutions May Help Address Slipping Corporate Travel Policy Compliance

PYMNTS

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.