As the global business environment becomes larger and more competitive, business travel is a more common and essential function of innovative organizations across all sizes and industries. However, with increased business travel, travel and expense (T&E) reporting processes are growing more complicated for traveling employees, their managers, and accounting teams. Lack of proper T&E control turns what should be a strategic function into a time consuming and costly process that burdens Accounts Payable (AP) teams and hinders a traveling workforce’s productivity.
A welcome response to increasing business travel was the emergence of travel and expense management (TEM) solutions in the 1990s. Today, these types of tools automate the expense reporting process, including report creation, submission, routing, and reimbursement; many also provide travel booking functionality. However, these solutions have historically been tailored to large enterprise organizations with high travel spend and a need for fully-featured software capable of managing their widespread operations.
This report from Levvel and Certify:
- Seeks to connect organizations with unique needs to the most appropriate TEM software for their circumstances
- Analyzes TEM trends across different market segments and industries
- Serves as a guide to TEM solutions designed specifically for these different segments