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How to Manage Your Company's Travel Budget Effectively
How to Manage Your Company's Travel Budget Effectively
July 30, 2014
Travel expense management has always been a daunting task, but that's especially the case now, during economically uncertain times. All enterprises are looking to cut costs in order to stay afloat, and travel is certainly one area where expenses need to be kept under control. Virtually everyone is looking to trim the fat from their travel budgets. Here are some pointers on how to manage your company's expenses so that your next business trip won't break the bank. Book in advance The easiest way to get stuck with massive travel bills is to wait until the last minute to make your reservations. It's best to avoid this pitfall - The Times of India recommends booking flights 6 to 8 weeks in advance, adding that you also should book round trips whenever possible for added savings. Schedule creatively Traveling on the weekends is always more expensive. It's basic supply and demand - everyone wants weekend getaway trips where they can fly out on Friday evening and return home Sunda...

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