How to reduce the cost of travel - business travel spend savings opportunities

Reviewing Shifts in Travel Spend

Second only to employee salary and benefits, the T&E category is an area of cost control that should be analyzed and evaluated each year to determine opportunities for further cost reduction. It is important to keep in mind the need for…
Premium Airline Services Comparison of Classes

Premium Classes of Service

Airlines are continuing to adjust their seating configurations, associated pricing, and perceived value to business travelers. How do you determine if it is the right time to consider amending your program to adjust your policy and decision…
VCards

Are Virtual Cards the Future of Hotel Payments?

As solid expense management practices have become increasingly important, virtual payments have taken center stage for efficiency and security. What exactly are virtual payments in a corporate environment? How will they help your company?…
Procurement

PROCUREMENT: Thoughts on 2017 T&E Budgets, Total Cost of Ownership, and How to Curb Spend

Concur created a State of Business Travel report that compared and contrasted the six key types of business travelers, from the infrequent traveler to the road warrior. Each of these travelers has a different travel and expense pattern.…
Increased Air Fares

Increased Air Fares

Businesses May Feel the Pressure from Rising Oil Costs Businesses may face higher costs for their traveling associates in 2018 as the price of air fare will likely increase to counter the rising cost of oil. With rising costs and increased…
Hotel Rates

Increase of Hotel Rates

Many factors play a role in the change of hotel costs. High demand, political climate, security, other lodging options such as Airbnb, and the ratio of business to leisure visitors to an area can all affect the price of your travelers’…