How can my organisation analyse its business travel costs?
Finding travel data is is often a challenge for many companies.
While some businesses have significant control through a system of approved travel management companies (TMC’s) or booking channels for employees, many smaller companies have no such policies and operate an ad-hoc system that relies on employees finding the best prices they can.
In this case, the data available is likely to be corporate credit card spend and expense claims, and it often requires significant effort to extract the relevant travel figures from those sources, with travel expenditure often integrated with expenses related to ‘on the road’ expenses generated whilst on business trips.
Not only is this extremely time consuming for internal finance teams, it also makes analysing the travel programme in a bid to improve booking practices, cost reduction and efficiencies a nigh-on-impossible task.
For those companies currently managing travel themselves, the first…
This is only a snippet of a Business Travel Article written by email@example.com (James Plumb)
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