Business Travel Expense Policy

A well-defined and communicated corporate travel expense policy is cornerstone to increased business travel expense policy compliance, traveler satisfaction and, ultimately business travel cost savings.  In fact, by enforcing a corporate travel expense policy, businesses find that there is less confusion amongst business travelers for what will be approved leading to increased employee satisfaction, increased business travel expense policy compliance, and lowered travel costs.  Having a business travel expense policy is not only a wise decision, but a best practice among successful businesses.  Some characteristics of an effective corporate travel expense policy include:

• Clear definitions and limitations of business travel expense policy
• Consistent rules for all departments and locations of the business
• Clear designation of preferred suppliers and their use
• Instructions for business travel expense reimbursement

Creating a corporate travel expense policy is only one step in managing business travel expense. Other considerations include business travel expense reimbursement systems, monitoring business travel expenses, educating business travelers, and negotiating with suppliers.  Contact Runzheimer International at marketing@runzheimer.com or 800-558-1702 to establish a corporate travel expense policy for your business.