Five Strategies for Improving Your T&E Expense Management
After headcount related expenses, Travel is one of the largest discretionary expenses for many companies. Yet, many businesses have failed to implement comprehensive T&E strategies to successfully control expenses and improve their bottom lines. Surprisingly, small and large companies alike still adopt antiquated T&E expense management processes that are paper-based or based on clunky legacy systems, ridden with loose financial controls, lacking spend analysis visibility and are extremely painful for road-warriors to embrace. This issue gets further exacerbated for companies with a global presence, driven by international compliance requirements.
Other companies have successfully implemented an effective T&E strategy before, but are interested in taking it to the next level by further improving road-warriors productivity by leveraging mobility, integrating their Online-Booking Tool with their Expense Reporting Tool for a seamless End-to-End solution, accelerating the expense reporting cycle time, providing more insightful spend analysis to senior management and more.
The good news is that whatever the needs of your business, you can implement a highly comprehensive cloud-based T&E strategy within weeks rather than months, by adopting a SaaS model that scales with your needs and injects the Cloud DNA into your business with minimal up-front costs and immediate measurable results that drop right down to the bottom line.
As the Program Manager responsible for the deployment of the cloud-based SAP Travel OnDemand at SuccessFactors Inc., I’ll be discussing implementation considerations and strategies to improve your T&E expense management during our interactive Microforum at Sapphire: Enable More Productive Business Trips with Travel Management in the Cloud. Also click here for a pre-view into the entire SAP Travel OnDemand program at Sapphire.
Join me at SAPPHIRE NOW if you are interested in learning more about these strategies and deploying SAP Travel OnDemand in your company!