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Fool-proof Steps to Enacting a Company-wide T&E Policy

Fool-proof Steps to Enacting a Company-wide T&E Policy

Enacting a company-wide travel policy is difficult in it of itself, but ensuring compliance to that policy can be a near impossibility for some businesses. Ensuring cross-departmental agreement and compliance shows to be difficult due to limited oversight as businesses grow in size. A few guidelines are imperative to the success of your company policy: 1. Keep it well defined: A company policy should be simple and easy for everyone in a company to follow and understand. According to Aberdeen Group’s 2016 Financial Decision Makers: It’s About Employees and Data in T&E, 79% of corporate leaders have mastered the art of defining policy expectations, compared to only 58% of follower companies. Try to assemble a list of the most frequently asked questions about your company’s T&E policy complete with the answers. This way, you can streamline the process right to the source, to eliminate the possibility of any problems arising in the future. 2. Pre-approve all trips and itineraries: Re...
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