Management of travel programs is just not about ensuring your firm’s employees enjoy a safe and pleasant travel, but also about controlling the variable finances and investment numbers concerning business travel, making it a time-consuming and tedious process. With most corporate travellers failing to fall within the boundary of pre-set corporate travel policies, measuring how the travel expenses are spent is a complex variable.
The simplest way to begin is having an expense reporting system that furnishes the vital data to help manage business expenses. In this way, the travel managers can download and view the information, real time when they want. A good expense reporting system should make short work of monitoring corporate travellers, manage expenses, control budgets, save on money, create travel reports, increasing productivity and improve accuracy.
While paper receipts and spreadsheets are pretty much handy for data analysis, they fail to keep up with data reported by multiple streams and sources. Only with the help of real-time data insights, you can establish and put in force strict policy compliance, while also defining the scope for cost-saving opportunities during travel. A combination of automated expense management systems and real time data gives better visibility into travel once the traveller had filed his or her expense report. Manual control of travel & expenses (T&E) means not having a proactive travel management expense system lacking the means to control and save travel costs.
An expense management system does more than merely enforcing corporate policies. The automation process helps save one’s time that is into expenses management as he or she does needn’t chase down every single report generated from multiple sources. Real time data helps in running the expenses smoothly by matching the travel policy goals with that of the budget. In addition to this, one can make suitable adjustments to budgets, policies, and approved expenses, thereby making decision faster.
Because Expense management systems can help you understand consolidated corporate travel data, reporting will be more accurate and intuitive. It offers greater insights into traveller profiles, and this means your travel manager will find it easy to accommodate the requirements of the frequent travelling staff, say, for example, his or her dietary requirements, customer reward account info, traveller preferences and many more details.
Looking to streamline your T&E workflow from travel bookings to accounting? Then take the ‘Tripeur’ route, and get instant access to state-of-the-art in-app expense reporting plus a slew of financial transaction tools. Besides optimizing your travel spend, we help you micro-manage your travel budget, with real-time data for better travel planning.
By getting insights on how the travel money is spent, you can approach your travel spend in a logical manner – from partnering with travel service providers, to data analytics associated with expenses to booking patterns. And all you need is ‘Tripeur’ and reliable Internet link for access to your data.