Articles tagged “expense management”

Changes on the corporate travel landscape are creating more complex policies, expenses, and payments. Travelers can benefit from simplified all-in-one solutions that allow them to focus on getting the most out of their trips — in turn driving productivity, trust, and satisfaction.

SAP, the parent company of the Concur suite of tools for managing travel expenses, said on Tuesday the company's unit was recovering after the pandemic shock.

New research from Skift and TripActions dives deep into how companies can reimagine their policies and technologies to make corporate travel, corporate card, and expense management programs more agile and cost-effective as part of a 360-degree, holistic corporate spending strategy.

Most industry forecasts point to an eventual recovery — even to the 2019 high of $1.4 trillion in annual spending — as business trips start to bounce back. But many underlying trends are emerging in a fragile global economy. How we travel, and for what purpose, is far from certain as we enter a new era of accountability.

Tighter, leaner policies could put the brakes on the surge in travel that we've seen in recent months, a warning sign of economic trouble ahead and more bad news for business travel's full recovery.

It’s time for finance leaders to embrace a modern approach to travel and expense management that can control costs while doing what every company needs to do right now: keep employees happy.

India's Itilite is riding the wave of business trips finally returning, with its eyes on the U.S. market, while in Europe Valpas has raised some money to stamp out the problem of bedbugs ruining tourists' long-awaited holidays.

New York-based Ramp has signed a string of agency, co-working space and ridesharing partnerships, but it looks like venture capital firm General Catalyst may be pulling the strings and driving its debut into travel management.

As the corporate travel recovery gathers steam in France, remote work, health and safety guidelines, and governmental restrictions will affect its trajectory. Travel, corporate card, and expense technology will lead the way for corporations to navigate these new, unfamiliar paths in 2022 and the years ahead.