Expense Management for a New Decade
Discover Aberdeen’s latest best practices for effectively managing T&E expenses.
Expense management has reached a pinnacle of strategic importance and critically as companies continue to rely on global business travel to bolster their bottom-line growth, improve supplier and customer relationships, and compete within a worldwide marketplace. Aberdeen Group’s research for this report has found that 41% of organizations perceive expense management as a function that is just as critical as other internal departments. Another 39% saw the function rise in prominence over the last year. With nearly 7% of the average company’s budget allocated to corporate business travel, companies will leverage a robust array of new approaches, strategies and solutions to advance the management of business travel expenses and drive true value out of this classic set of corporate processes.
