Return on Investment

Travel & entertainment is the second-largest controllable expense category after salaries for nearly all businesses. Most international companies have got many knowledge workers who are mobile and always on the road instead of spending too much time on internal and time consuming manual paper based processes. They should create real value for the company and their customers.

The administration process is often a nightmare, and the costs are huge especially in the Nordic countries. Research shows that the handling costs per expense report are about € 50-60. By automating the process you can potentially reduce it by 60-70% *).

Transparency gives better supplier agreements
But it doesn’t stop here. Many companies are looking for transparency with the personal expenses. Because we now have access to detailed travel data it is possible to analyze each category much better and to negotiate better deals with preferred airlines, hotels and other suppliers. The procurement departments are also able to find out if the frame agreements are used.

At the same time it gives the finance departments a clearer picture of their expense cycle and how they can control it, as well as possibility of follow up on compliance with the company policy.

All in all
If you add up the total potential savings it comes to a significant amount for most companies who have got people on the road.

ROI payback in less than 6 months because of a 100% hosted service which requires a minimum of internal resources from you, and because a number of customers are already using the service.

*) Meta group and Aberdeen