For many companies travel is the second biggest expense line item beyond payroll. Mike Eberhard, executive vice-president for Concur, says that whilst payroll is a known expense, travel can be harder to track.
Poor recording of travel expenses is a common reason for businesses failing audits.
In this edition of BTalk we discuss how:
- technology can help to enforce travel policies
- how even smaller companies can benefit from negotiated corporate rates
- how to use corporate cards to manage cash flow and tracking
I used to travel a lot 20 years ago and doing my expenses was the bane of my life. I was forever getting into trouble for delaying checking through my Amex records and the company was losing rebates for not paying in time. So there’s another answer — don’t employ someone like me.