Keeping Travel in Check


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.

First published on CBS News

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