Reduce Travel & Expense Processing Costs and Improve Policy Compliance
Given the rise of globalization and the competitive nature of business, enterprises of all sizes are conducting more and more business nationally and globally. Business travel is an expense many companies encounter and is seen as a part of conducting business. On average, Aberdeen Research found that travel and entertainment (T&E) expenses account for between 8% and 10% of total operating expenses. The actual amount can range from $50,000 to more than $100 million a year for some of the larger corporations.