Travel & Entertainment Expenses: Nurturing a Culture of Cost Management in Volatile Times

The cost of doing business in Asia, including travel & entertainment expenses, continues to rise. In this CFO Innovation Roundtable report sponsored by Concur, 13 CFOs in Hong Kong discuss their strategies in nurturing a durable culture of cost management with Concur EVP & GM Michael Eberhard.

 
Among the strategies:
 
  • Leading by example
  • Setting benchmarks and budgets
  • Using travel websites
  • Harnessing the procurement unit
  • Focusing on pre-travel approval
  • Using T&E to track bribery and establish an audit trail
 

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