Usecase - /usecase/corporate_travel_automation_provides_millions_in_annual

Corporate Travel Automation provides Millions in Annual Savings

Summary:

Corporate Travel Automation provides Millions in Annual Savings

Challenge:

Faced with rising travel costs, decreasing service from providers and rising traveler expectations, this company hired Expense Management Solutions (EMS) to help develop an effective strategy to better control travel policy, procedure and expenses. The challenge of creating an effective solution was complicated by multiple acquisitions over recent years resulting in numerous “preferred” vendors, differing travel demands and a wide variety of payment mechanisms and financial systems.

Control T&E expenses to increase overall profitability

Need to control excessive expense disbursements.

the expense automation package offers Analysis can be focused singularly on individual expense reports down to the line items that compose those reports, and as groups defined by department or project. With this level of detail at your fingertips,

Solution:

    * Lead a cross-functional team comprised of key players from every subsidiary or division and each functional unit, including purchasing, travel, finance, audit, fixed assets and compliance.
    * Complete a comprehensive assessment of travel and expenses policies, practices and contracts.
    * Define current service levels and total spend by category and division and delineate key drivers.
    * Identify opportunities for leverage and improvement.

Provide users friendly web-based tool providing direct access to T&E spending analysis

Benefits: