Original air date: September 11, 2018
Speaker:
Ernie Humphrey, Director, Content & Thought Leadership Programs, The CFO Alliance
Abstract
Business travel is essential to growing your business—whether for building your network, or having a face-to-face meeting with that dream client, a work trip can mean the difference between a good year and a great one.
With such weight placed on T&E spend, you may be surprised to learn that while 79 percent of companies have a written travel policy in place for their companies, 72 percent of these businesses leave compliance up to the employee or conduct a manual review. The productivity decrease alone would make most managers cringe, and that’s before looking at profit lost as a result.
Learning Objectives:
- The essential elements of an effective corporate travel policy
- How the changing terrain of expense-related laws will affect your policy creation
- Why an efficient travel policy drives compliance across the organization
- Best practices for negotiating discounts—potentially saving thousands of dollars every year
