Travel and Entertainment Expenses: Getting There Is Only Half the Fun.
PR Newswire Europe, September, 2006
BOSTON, September 5 /PRNewswire/ --
- Aberdeen study finds that on average almost 1 in 5 expenses are NOT in compliance with corporate T&E policies
Given the rise of globalization, companies are under continuous pressure to improve compliance to Travel and Entertainment (T&E) policies, reduce costs and enhance process efficiencies. T&E expenses account for approximately 8% to 10% a significant portion of total operating expenses (ranging from US$50,000 to more than US$100 million a year).
This report focuses on the challenges companies face in efficiently managing this expense category as well as the benefits of automation. Survey respondents from 296 companies gave insight into successful strategies and best practices that they have...
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