Survey says many companies continue to employ manual, outdated, travel and expense processes that are disjointed, inefficient and lead to employee resistance.
T&E is the third largest area of corporate spend for today's companies. Representing approximately 10% of a business' annual budget, that's a lot of cash being shelled out. But – with the right tools and approach – it also means that this can be an area of significant cost savings for companies looking to optimize spending. A recent survey from KDS explores the attitudes, actions and behaviors of individuals booking and managing business travel and reporting expenses. Key findings include:
Expense submission remains a largely manual process for many
Booking travel is killing employee productivity
Convenience trumps compliance when it comes to booking business travel
For additional insight into why it's critical to review your corporate T&E process, download the full research report from KDS, a global provider of integrated T&E management solutions and industry leader in complete door-to-door trip booking.