Are you looking for ways your business can manage its travel expenses? Often, travel expenses can be a lot more than you initially anticipated. It’s also easy to misplace receipts and it can be difficult to keep track of how much has been spent so far. This could mean your company is losing a lot of money that it really doesn’t need to lose. Below, you’ll find three ways businesses can effectively manage their travel expenses.
-
Make use of a business travel expense app
These days, there’s an app for just about anything. If you aren’t using one already, now’s the time to look into using a business travel expense app. There’s hundreds of business travel apps out there, with Concur being one of the leading ones available. It even gives you the option to sync the app to the office so you can give approvals before any money is spent. This is a great way to control employee spending.
-
Enlist the help of a specialist company
Managing business expenses can be a time consuming, as well as a challenging task. Therefore, it could make more sense to hire a professional company to take care of the management side of things for you. Companies such as Airplus International Limited, offer a range of travel expense management solutions. From helping you build a complete travel payment programme, to creating specialist payment solutions for on-the-road expenses – they can help you really get to grip with your finances.
-
Look out for business incentives
Often, companies offer various incentives for business travellers. Hotels for example, may offer complimentary drinks, free breakfast or afternoon appetizers. Bars often have happy hour cocktails and restaurants could have group discounts. All of these could save you a small fortune; especially if you have quite a lot of employees travelling at the same time.
There are also cash back savings to be for any purchases made online such as hotels, flights, insurance – I recommend TopCashback as they have the likes of..
Don’t forget to make use of hotel amenities too. Make sure the hotel you book has coffee making facilities to reduce the cost of that all-important morning coffee. Any amenities which could help you cut back on travel costs are worth looking into.
Overall, it’s not always easy to manage your company’s travel expenses. However, the above are three great ways you can cut back and manage your employee’s spending. By incorporating any of these methods into your travel expense policy, you could save a significant sum of money.
