3 Signs Your Company is Overspending on Corporate Travel

With business models becoming more and more global, companies are increasing their corporate travel budgets to send their employees around the world. Obviously, having to travel to meet clients face-to-face is crucial for growing your business, but the increase in travel costs can create a serious dent in your company’s bottom line if you’re not…

Continuous Sourcing: Shaking Up Procurement

The way in which corporations select their travel partners is changing. Sourcing air, hotel and car rental travel, traditionally undertaken through an annual RFP, can take three months and cost thousands in lost productivity. No wonder travel managers are looking at alternatives. Contemporary sourcing is quicker, using real-time and predictive data for decision-making in partnerships…

Consolidating Meeting and Business Travel

At many companies, different departments oversee the planning of small offsite meetings and the procurement and booking processes for corporate business travel. In addition, small events are often charged on corporate credit cards, and the expensing is categorized under general travel and entertainment, rather than business development. That discrepancy causes inefficiencies, including a lack of transparency…