Six Phases of Corporate Travel Management

Companies incur business travel expenses amounting to approximately $799 per employee per day. But businesses generate incremental revenue of $12.5 for every dollar invested in business travel. No company can generate incremental revenue simply by investing more in employee travel. To get higher returns, it must complement the escalated costs with a corporate travel management program.

In addition to meeting the company’s employee travel needs, corporate travel management helps employees to enjoy business trips without handling hassle and managing stress. Every company can manage its corporate travel needs in a variety of ways.

Source : https://medium.com/@itiliteonline/what-are-the-six-phases-of-corporate-travel-management-7f43b43dc3ce

Spreadsheets or Expense Management Software

 Spreadsheets help users capture, organize, and manipulate data arranged in rows and columns. Many organizations find it convenient to use spreadsheets or worksheets to manage a variety of information and data manually. There are many organizations that manage crucial information like business expenses using spreadsheets.

While managing expenses, you must remember that the widely-used spreadsheets are developed as general-purpose software applications. They lack the features required to manage business expenses flawlessly, securely, and efficiently. Moreover, your organization has to deploy dedicated staff to manage business expenses for using spreadsheets.

Source : https://itilite.wordpress.com/2022/04/05/spreadsheets-or-expense-management-software-which-one-to-choose/

Top Skills For a Business Travel Manager

 According to the latest statistics, 1.3 million professionals travel for business purposes every day in the USA. Hence, most companies these days deploy business travel managers to ensure frequent employee travels without hassles and stress. 

A business travel manager needs to manage various aspects and challenges of corporate travel. In addition to designing the organization’s travel policy and ensuring policy compliance, they have to manage travel arrangements, monitor expenses, collaborate with corporate travel agencies, and analyze corporate travel data. 

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