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How Does Your T&E System Stack Up Against 2019 Industry Trends?

How Does Your T&E System Stack Up Against 2019 Industry Trends?

Travel and expense spend is notoriously hard to manage. Forrester Research cites it as the second most difficult operating expense category to control. Yet business travel is on the rise. Data from the GBTA shows that in 2018 trip related spend rose from $292 billion in 2017 to $305 billion—and that figure is on track to grow in 2019. For organizations wanting to drive efficiency and directly impact the bottom line, T&E is a key cost to measure and control. But how does your TEM process compare to your peers? In the 2019 Guide to Modern Corporate Travel and Expense Management by Levvel Research, more than 300 business travelers were surveyed to uncover market trends in corporate travel and expense management. The report divides the findings into three key business segments—small to medium enterprise ($30m-$100m in revenue), mid-market ($101m-$2b), and enterprise (greater than $2b in revenue). It reveals trends within each segment and the state of digital T&E transformation—or t...
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