Articles tagged “expenses”

The travel industry is clearly being dealt a blow by company travel bans, but could anyone have pictured an amount on this scale?

The value of business travel is clear for growing company revenue and building face-to-face relationships. But when business travel is poorly managed — and too often, that’s still the case — employee productivity and satisfaction are at stake.

The buzz around traveler satisfaction that’s been growing steadily over the last few years is now starting to resolve into meaningful conversations. Moreover, the opportunities that corporate enterprises are exploring when it comes to business traveler happiness are a bit surprising.

The combined Certify and Chrome River still pales in scope when compared to global behemoth SAP Concur. The approach of offering a variety of different services instead of a single platform, though, has potential in a fragmented global market for expense software services.

Beyond automatically integrating travel booking with expenses, a lot is being done to give travel managers and financial departments more powerful tools to track spending. It also helps that these tools will eventually make the expense report process much easier for travelers.

To take a bigger share of the business traveler market, Uber will need to make pricing more competitive and do more to counter the negative attention it's been receiving.

Cost may be an inhibitor, but it still stands to reason that companies doing expense reporting manually aren't doing themselves any favors.

Mobile is making its mark on travel expense submissions as an increasing number of road warriors snap photos of their receipts and submit them through online tools.

Among Certify's clients, at least, It's a battle between Hampton Inn and Marriott for the most expensed brands in terms of hotel spend. The fact that business travelers spent less at Hampton in terms of average cost could be one of the reasons why it took over the top spot in the third quarter as road warriors may have found more value there.

It isn't that McDonald's has the best food around, but business travelers frequent the restaurant and put it on their expense reports because they know what they are getting, and if there is Wi-Fi, then it is all the better.