Making business travel as inexpensive and efficient as possible is one of the best ways to cut costs and increase profitability. Because of this fact, many smaller companies may steer clear of business travel agencies to avoid what they believe to be costly fees. However, this is a misconception, and in a lot of circumstances, a travel representative can save you much more money than…
Expanding internationally is a great way to open your company up to billions of new prospects. Top corporations are leveraging corporate travel agencies to learn about expansion opportunities. China has an abundance of people in some of the most population dense areas in the world. In addition, manufacturing in China is extremely inexpensive and can make the cost of landing a product there have very profitable margins. For your next trip over,…
Many people grow with envy when they see their friends or family traveling all over the world for their job. However, this work requirement is taking a significant toll on families. Frequent trips impact travelers and their loved ones in numerous ways. You’ll notice changes physically, plus, trips can reduce your time at home, hinder parenting, and isolate the traveler away from family. Whether you’re contemplating a new job requiring travel, or you’re already working…
Costs associated with business travel don’t end with what can be recorded on receipts. Rental vehicles, flights, hotels, and per diem are a large portion of your travel and expense management, but there are hidden costs to consider. Taking it one step further, not every “cost” is monetary in nature. In addition to actual money spent, you’ll need to account for what’s known as…
What recourse do you have when a flight is canceled or delayed, or the airline changes its schedule, or loses or delays a checked bag or bumps you from a flight? Even though the U.S. Department of Transportation (DOT) and European regulators promulgate and enforce consumer protections, there are probably fewer rights than you think,…
Corporate travel can be hectic will all its moving parts. From booking to planning meetings, and ensuring all your work gets done, it can be a stressful time. However, many of these mental burdens can be alleviated with simple, time-saving tricks. Although the itinerary supplied by your business travel agency will help, here are some travel hacks that will free up your time while…
The numbers are in, and they don’t look great. The Global Business Travel Association recently released a new study that indicates a gap in communication when it comes to travel policies. Travelers want to do the right thing, but they often don’t know or completely understand what the rules are. When travelers and employers aren’t…
An increase in business travel is often a sign that a company is doing well and growing in the local or global marketplace. However, without a clear travel and expense management system, you’ll soon find that business travel is more of a burden to your bottom line than an advantage for future growth. In order…
Managing travel programs is a complex, time consuming process that involves ensuring travelers have a safe, pleasant travel experience while managing the variable finances associated with business travel. Today, with more and more travelers self-booking or going outside of pre-set policies, measuring travel spend becomes increasingly difficult. Expense reporting systems are giving travel managers vital…
A comprehensive travel and expense management program is critical to containing indirect business expenses. Creating a company-wide travel policy can be challenging in and of itself, but enacting the plan and ensuring compliance across the board can be seemingly impossible. Fortunately, with the proper preparation and execution, businesses can successfully implement travel and expense management…