Travel Expense Management

Business travel-related expenses are often not controlled by effective travel expense management measures, though business travel expenses are the second largest controllable expense category in organizations today. Successful travel expense management can be achieved by:

• Creating a clear and specific travel and entertainment expense policy
• Educating your business travelers on
  travel and entertainment expense policy
• Utilizing an automated travel and
  entertainment system
• Analyzing travel expenses to identify areas for cost savings
• Establishing negotiated travel rates with suppliers
• Evaluating the use of travel alternatives when appropriate
• Reimbursing travelers' expenses in a timely fashion to increase
  employee satisfaction
• Conducting an audit of travel and entertainment expenses to
  receipts to identify fraud and to evaluate overall process and
  determine corrective plans

Travel expense management need not be burdensome, but travel expense management requires consistent execution. Many companies opt to outsource travel expense management in part or in whole. Contact Runzheimer
International at marketing@runzheimer.com or 800- 558-1702 for travel
expense management solutions.