Having an in-built policy makes it easy for travel managers to keep travellers within the budget. Travellers also have an incentive to save the company money by making wise cost-conscious travel choices.
Travel managers can create a corporate travel policy and change it whenever. Once a policy has been set in the platform, there is no need to worry about travellers booking out of budget anymore.
A formal Expense policy is essential for any business. Both SMEs and big companies can profit from having a clearly defined corporate travel policy as it helps employees understand how a company’s money should and can be spent.
With guidelines being stated clearly in black and white, corporate travellers will have a better understanding of travel spend expectations when on a business trip.
For corporate travellers looking to have their travels reimbursed, abiding by the policy is also vital. Implementing such a policy will establish a mutual understanding between employee and employer that reimbursement is only possible with detailed and accurate expense reports.