-- An 95% compliance rate to corporate T&E policies
-- 43% lower costs for processing expense reports than competitors
-- Online booking costs 40% lower than all other enterprises
"By automating parts of the T&E process and using key corporate services,
Best-in-Class enterprises are achieving better policy compliance and higher
rates of cost savings," said Bill Browning, Research Analyst, Aberdeen.
"And while the company is realizing savings and compliance benefits, the
process is also made more efficient for the business traveler, from booking
through submitting expense reports and getting reimbursed."
To reach the level of performance of Best-in-Class organizations for
effective T&E expense management, Aberdeen recommends that enterprises
undertake the following actions:
-- Secure executive support for T&E initiatives
-- Regularly audit T&E expenditures
-- Improve utilization of corporate cards and leverage direct deposit
capabilities for reimbursement
-- Provide flexibility for business travelers by providing online, on-
demand, and offline access to expense management and reporting tools
A complimentary copy of this report is made available due in part by the
following underwriters: Concur, ExpenseWire, Infor, and Suntrust. To
obtain a complimentary copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?cid=4730.
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© 2008 Aberdeen Group, Inc., a Harte-Hanks Company 260 Franklin Street Boston, Massachusetts 02110-3112 Telephone: (617) 723-7890 Fax: (617) 723-7897 www.aberdeen.com
Contact Information: Media Contact: Andrew Bartolini Aberdeen Harte-Hanks (617) 854-5310 andrew.bartolini@aberdeen.com William Browning III Aberdeen Harte-Hanks (617) 854-5229 william.browning@aberdeen.com