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.
- 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