07/11/20192 min read

Why saving time matters in all business trip

In the pursuit of efficiencies and leaner spend, senior management can sometimes lose sight of the significance of time saved on the company’s bottom line. 

However, the direct program dollars and cents aren’t the only way to measure savings. Tracking less-obvious “ time saved “ can translate into hard numbers and even greater savings. 

Think about how powerful it will be when you go into your next financial review, and you are able to show that by making these 3 tweaks to your program, you’ve not only directly saves a certain number of percentage, you have also indirectly saved a certain amount of house which will translate to real dollars for your team and your business travellers too. 

Why saving time matter in travel programs?

Saving time is essential. Tracked time is easily converted into dollars when measured against an employee’s salary of a department’s budget. Days spent on the road, time spent submitting expense reports and hours spent processing these claims costs money to complete. Why would you want to spend money on the time which could have been spent finishing important work instead?

Those time savings reverberate through every department, as employees shift their focus from the administrative burden of travelling, expensing, and processing to completing more important tasks that advance and grow your company.

That includes you as a manager of travel too! When it comes down to it, less admin means more time to work smarter, not harder. What could you do with an extra 5-10 hours per week or more? More time to think strategically, and build out your plan to innovate and future-proof your travel policy or even more time to simply to explore industry best practice.