The Travel and Expense Management Guide for 2014: Trends for the Future

The Travel and Expense Management Guide for 2014: Trends for the Future

In December 2013 and January 2014, Aberdeen conducted a series of surveys focused on Travel and Expense Management (T&E) for 2014. Organizations today have a lot to think about: such as economic challenges, productivity concerns, and technology advancement that will support a strong ROI. Aberdeen has reported in the past that the average organization relies on business travel to achieve certain objectives, whether it is client outreach, business development, or for internal purposes. In fact, the typical company will spend 10% (or more) of its total annual budget on expenses related to business travel in 2014, a factor that has not changed dramatically over the past few years. Organizations today must reevaluate existing strategies for travel and expense management, how to overcome key challenges, and structure a robust program that balances core competencies and modern technology enablers. Best-in-Class organizations recognize the importance of T&E as a key strategy to be utilized and leveraged across their organization, but the question begs to be asked, what are the improvements that these organizations look at? The first large area of improvement for 2014 and beyond will be in mobility with the Best-in-Class three times more likely than the Industry Average to focus on mobile; even our Laggards have a leg up on this one. Simply because your organization may fall in the Laggard category at times, mobility is the equalizer for many organizations. The ease, flexibility, cost, and high acceptance rate makes it a winner for those organizations looking to gain an advantage in ’today’s market space. The next areas we see for Best-in-Class organizations are analytics and business intelligence. These two...
Contact Us

Here is the pardot form

×