Our New Series with Harvard Business Review Analytic Services: Automation and the Future of Corporate Travel
Business travel has rebounded, along with heightened pressure to better manage T&E. Unfortunately, many businesses still rely on manual processes and spreadsheets, resulting in poor visibility into overall spend, plus lengthy reimbursement cycles. As business travel continues to increase, it’s crucial that it gets more efficient.
>> Related: The Definitive Guide to Post-Pandemic Business T&E <<
Thankfully T&E management has undergone significant changes in the past few years, largely driven by advancements in technology:
- Tools that enable direct connections with travel suppliers are streamlining the booking process, reducing costs, and providing greater control and visibility over travel management processes.
- End-to-end expense and travel management platforms can help organizations manage overall spending and employee travel and generate savings through one cohesive system.
- And incorporating the management of your corporate card program into this unified platform can significantly boost expense management effectiveness, making it an invaluable tool for your organization.
In This Weekly Series:
Each week, our new 6-part series with Harvard Business Review Analytic Services in association with U.S. Bank will examine the growing trend towards automation in corporate T&E management – and how it can help businesses navigate the complexities of disparate information systems, improve visibility into spending, enforce travel policies, and shorten reimbursement cycles.
We’ll discuss how and why:
- Organizations that outgrow their current travel solutions need modern alternatives beyond traditional corporate card and expense management applications.
- Finance and travel management professionals want integrated payment, expense, and travel-booking solutions that don’t require multiple logins and subscriptions.
- With an end-to-end expense, card, and travel management platform, organizations can gain control of their overall spending, manage employee travel, and generate savings through one cohesive system.
We’ll also explore implementation costs and how to avoid technology complications. Because the benefits of corporate T&E management automation far outweigh the costs. And a comprehensive platform can take the administrative burden off employees, make accounting departments more productive, and provide real-time visibility into spend.
Don’t want to wait? Read the full white paper with Harvard Business Review Analytic Services >