Where to start? 8 steps toward effective T&E management

When preparing for travel & expense management policy change, the question becomes: how do you move from a free-for-all T&E environment to a more effective, cost-saving model?  Start with the basics:


  • Set goals: look at your travel policy and establish baselines. Identify what’s the largest drain on your T&E costs, then work incrementally.


  • Leverage new technology to make things easy for travelers, from booking a trip to automating as much of the expense report process as possible.


See also: 5 reasons your business technology should be easy to use


  • Make it easy for infrequent travelers to use the system in place with just-in-time training.


  • Use the data you collect to negotiate with airlines, hotels—as well as non-travel related vendors.


  • Use travel cards to get rebates.


  • Sell your users on the benefits.


See also: Take a free test drive of Concur solutions


  • Make it easy to do things the right way, and harder (longer processing times, etc.) to go rogue.



For more, check out our Modern Finance series with multiple companies' approaches to T&E management.

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