TravelBank Partner Content

Companies that incentivize business travelers to book less expensive trips can increase policy compliance and save the company money — a win-win-win for corporate travel, finance, and employees.

The rapid integration of consumer technology in the business world is leading corporate travel, finance, and accounting departments to pursue creative strategies and efficient software that bring corporate travel, payments, and expenses into one seamless workflow.

Reports of corporate travel’s demise turned out to be greatly exaggerated, but companies aren’t spending as freely as they did pre-pandemic. As CFOs increasingly have a say in employee travel — and the need to balance expenses with duty of care rises — all-in-one travel and expense solutions are taking on a growing importance.

Despite economic headwinds, 2023 is shaping up to be a game-changing year for business travel. Automation, machine learning, and virtual cards are helping business travelers and corporate travel planners add value and flexibility to the travel journey.