Travel and Expense Policies flow for out of policy expenses on the TravelBank mobile application

Why Orgs Consistently Struggle with T&E Policy Adherence

Roughly 77% of organizations have a formal travel and/or expense policy, but they have almost no way to encourage T&E policy adherence. Here’s how to disseminate and enforce your T&E policy at scale.

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Forrester TEI Study: TravelBank Generated $482,000 in Benefits over 3 Years

Read the Forrester Consulting Total Economic Impact™ about TravelBank’s ROI.

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Travel policy compliance isn’t an easy process. Most companies have high travel and entertainment spend, and struggle to get team buy-in for a number of reasons. If this battle feels all to familiar, it’s likely your policy is in need of a revamp. Here are seven reason why most travel managers haven’t achieved travel policy compliance yet, and most importantly, how to fix the problem head-on.

How Much is Increased Travel and Expense Policy Compliance Worth it?

Here’s what we learned about travel and expense policy compliance from a recent Forrester study.

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“TravelBank gives us access to the expense data we need to align spend with business goals and save company money.”
Jeff Blankenship, West Tennessee Healthcare, Chief Financial Officer
“With TravelBank, we get better rates, and have better tracking and controls. It’s an all-around improvement.”
Rene Crosswhite, GardaWorld, Senior VP of Finance and Administration
“TravelBank makes the travelers’ experience as simple as possible, without sacrificing anything on the admin side.”
Michael Ashkar, Iterable, Senior Payroll and GL Accountant
“Super fast to set up and easy and intuitive to use. I like how quick and seamless it is to make bookings and log expenses in the app.”
Jeremy Y., G2
“This app allows the Finance Team to quickly audit expense reports. Very user friendly and I love the travel options. ”
Arthur G., G2
“TravelBank can predict what employees should be spending on trips, help them file their expenses, and even give them cash rewards.”
User Review, Techcrunch
“Users are saying it cuts down 30 to 45 minutes of their time to book travel and submit for reimbursement. ”
Neal, Sonacare Medical, VP of Finance
“TravelBank: 50% cheaper all-in-one travel and expense tool. Simplifies office travel booking and expense tracking for remote teams.”
Olivier Labbé , Metadata.io, President
“Effortlessly add users and manage privileges. TravelBank tracks spending, offers great reporting and analytics. ”
Raymond L., LendingHome
“TravelBank helps us to keep costs in check and empowers employees to manage their expenses responsibly.”
Paul Watson, Ledbury, Co-Founder
“I’m careful with company spend because I treat it like my money. With TravelBank, I can instill the same mentality for my employees.”
Evan Liang, LeanData, CEO
“Using TravelBank is the equivalent to hiring a people operations coordinator in house – it takes care of all the little things.”
Jennifer L., JumpCut
“TravelBank is intuitive and makes a lot of sense. The user interface is great, and using the platform is seamless. It saves me hours.”
Homaira, Freenome, Administrative Assistant
“TravelBank automates tasks, approval process, payroll. Algorithms save money. Empowers dept. heads in expense management. ”
Marshall Thomason, FiscalNote, Controller
“We now get visibility into travel before it happens and receipt compliance is close to 100%!”
Rob Bailor, FiscalNote, Senior Director of Finance
“TravelBank is fast, easy, and accurate.”
John Bailey, Falkonry
“Employees are motivated by the incentives to book more discounted flights. Educated travelers save more.”
Kandi Phillips, Clearlink, Perks and Events Manager
“Makes booking flights and hotels a breeze! And you’re rewarded for saving the company money. Reimbursements also go through fast! ”
Robert A., G2, Freelance Direct Response Copywriter
“TravelBank knows my company policy and prompts me as I’m looking at flight or hotel costs. It saves me so much time.”
Debby T., G2, CX Specialist
“Having everything in one location makes the whole experience easy. Compared to other services that I’ve used, this has been so simple.”
Cody N., G2, Compliance Manager
“TravelBank incentivizes employees to save T&E budget. They book Airbnbs or stay with friends to cut costs. Penny saved is penny earned.”
Evan L., G2, CEO
“The chat function is super helpful – I don’t need to sit on hold for a phone call to ask a question about my reservation.”
Verified in Consumer Goods, G2
“TravelBank simplifies flight selection for remote employees. No more scheduling hassles or guesswork for event managers like me.”
Verified User, G2
“Effortless travel & expense platform for employees. Easy to manage and customize for admins. TravelBank meets our business needs.”
Verified User , G2
“TravelBank makes managing expenses and monthly spend a no-sweat experience. You would not dread end-of-the-month accounting updates.”
Shellane G., G2, Executive Admin Assistant
“With TravelBank, we get better rates, and have better tracking and controls. It’s an all-around improvement.”
Rene Crosswhite, GardaWorld, Senior VP of Finance and Administration

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