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2013, Jun 20

Corporate Travel & Entertainment Payment Cards

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Corporate Travel & Entertainment Payment Cards

by Mastercard, 30 July 2012
topics:
Business Expense Management Management
tags:
business expense management corporate card T&E expense
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T&E expense is the second largest controllable cost after salaries and benefits. This Mastercard report examines how corporate cards could help a company to achieve better T&E control.
 
Key Objectives:
 
  • Controlling costs through improved policy compliance and budget monitoring

 

  • Increasing purchase savings through improved supplier negotiations

 

  • Increasing process savings through automated payment and reconciliation of T&Eexpenses

 

  • Looking after the needs of travellers through reduced bureaucracy and improved duty of care

 

  • Improving travel-related processes for other corporate stakeholders, such as finance and human resources 

 

 

 

Orignal Author: 
Mastercard
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Corporate_Travel_Entertainment_Payment_Cards.pdf440.2 KB

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Related articles

If you plan properly you can
Submitted by Prabir Banik on 15 May 2013 - 5:47pm

If you plan properly you can cut down unnecessary costs, for instance, if you have grand ideas for bachelor party you should plan it thoroughly to cut down costs that you can avoid.

The organizations have to
Submitted by Pradipta Dutta on 25 February 2013 - 3:37pm

The organizations have to have strong policies to be able to control the expenses related to travel. They could have a tie up with the travel agencies to get benefits like discounts and other special offers while traveling within the country or far away places like victoria, London, Tokyo etc.

Almost all organizations
Submitted by Aakash Chatterjee on 18 February 2013 - 6:22pm

Almost all organizations want to save money in this segment, due to the demands of the job employees have to travel abroad frequently but with a little planning organizations could save a lot of travel expenses. Business tours are so full of activities that one hardly gets to enjoy the city.

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