- Create a well-defined corporate travel policy
- Provides power to negotiate with preferred suppliers
- Online travel booking
- Overview of actual travel spending and compliance
- Collect data to ensure effective travel program management
Guide to Travel and Entertainment
This report from MasterCard provides an in-depth view of Travel and Entertainment (T&E), which is the second largest controllable expense for corporations. This makes it a crucial area for cost control. Consequently crafting a well-designed and comprehensive travel policy that is aligned with the culture as well as the budget is of high importance.
The report also shows how the use of travel card data provides greater views of travel spending, which can be used to justify demand for lower prices from vendors. By visibility into travel spending, companies get a clear view of spending habits, compliance and negotiation power.
Key findings for a successful T&E program: