Currents

Mastering the Expense Management Balancing Act

Travel and expense management has largely become a balancing act, with CFOs walking a precarious tightrope between employee satisfaction and controlling the budget. Companies are pushing for higher efficiencies while business travelers are prompted to pay acute attention to costs, without sacrificing compliance and beneficial company outcomes.

Rise of European Business Travel Expenses Spurs Economic Hope

European business travel is primed to experience its greatest increase in the past half-decade, according to a Global Business Travel Association study, and its rise is bolstering economic hopes for Europe right along with it.

Benefits of the Chrome River Thomson Reuters Elite Partnership

Finding just the right solutions and service providers for your firm can be a harrowing task, involving extensive time, effort and willingness to trust unknown providers. Finding just the right customers for the solutions and services your own company offers can be just as time consuming and extensive.

GBTA Frankfurt 2015: Technology Explosion Can Mean ‘Trial and Error’

With more than 65,000 travel apps and 32,000 finance apps available through major online app shops, there is no doubt technology is exploding in the finance and travel industries. There is also no doubt that use of new technologies will inevitably lead to a bit of trial and error. To truly land on technology that works, companies may need to experience a few duds until they land on a keeper.

Must-have Travel and Expense Management Features

One of the easiest ways to boost efficiency and compliance for traveling employees is with travel and expense management software. But all travel and expense management software is not created equal, nor are every company’s needs exactly the same.

Father Knows Best (Especially When It Comes to Expense Reports)

Do You ‘Stretch the Truth’ on Expense Claims?

Although nearly 33 percent of UK workers believe politicians to be the worst offenders for filing false expense claims, the majority of those workers are doing it themselves. Research reported by Personnel Today found 85 percent of UK employees fessed up to submitting at least one deceptive expense claim over the past 12 months.

Layover Lullaby: World’s Best Airports for Sleep

With lengthy delays, flight cancellations and layovers that can last longer than the average workday, airports may appear on the surface a prime place to sleep. Yet the goal of getting some shut-eye can be a tough one to achieve.

“Whaling” Fraud that’s Hitting Unsuspecting Businesses

Savvy cyber-thieves are hitting up unsuspecting businesses by faking emails from company bosses, stealing millions of dollars along the way. The messages, which BBC News reports appear to come from a company higher-up, target the company’s finance staff. They ask staff to rush a payment through to a supplier, a transaction a chief executive can’t handle because he or she is out of the office.

6 Facts that Can Help Boost Business Travel Revenue

The experience your employees have while on the road can have a huge impact on the outcome of their trips. Frazzled, fatigued and irritable travelers are not likely to be highly effective at their seminars or meetings. Eye for Travel serves up seven facts that underscore the importance of balancing business objectives with business traveler satisfaction.