Now more than ever, the pharmaceutical industry stands at the forefront of global business, determined to traverse across international borders in pursuit of prosperous and innovative business opportunities.
Saving money on business trips can be more complicated than it looks - especially if you have many employees in different locations at different times. However, there is always a way to keep expenses down without having to compromise on the quality of travel or the safety of your travelers.
Time is money, and this applies to business travelers as well. In a recent study looking to identify the main challenges business travelers face, employees stated time spent in transit as the most challenging aspect of business travel. The study, titled “Creating a Frictionless Travel Experience”, was in collaboration between the Global Business Travel Association (GBTA) and Sabre, a leading Global Distribution Systems provider.
American Express Global Business Travel's reseller agreement with Concur ended on Sept. 30 without renewal, the companies have confirmed. As such, the mega is no longer among the travel management companies that promote and resell Concur Travel booking technology to new users.
In the age of technology and convenience of search, many people question the need for a Travel Management Company. In an effort to grow your company, time spent planning trips is less time meeting deadlines, getting new business and ultimately, getting your job done. Usually, booking travel falls upon someone with a completely different title, who is not trained in corporate travel. But how do you know if a Travel Management Company is right for you?
Corporate travel spend is a special monster, tricky to understand and difficult to evaluate. No one can negate its importance, in fact, corporate travel results in more than 1% of revenue for companies. It may be difficult to control for some, due to its highly fragmented and personal nature, however truly understanding where your company is spending its dollars can not only contribute to your overall ROI, but help you manage a travel program that optimizes on cost, generates effectiveness and efficiency, and ultimately helps the bottom line of your organization. Read on for 4 ways your travel dollars are being wasted, and how to generate significant cost savings for your company.
Managing your company’s travel program can be a daunting task, especially when it comes to small and mid-sized companies, who’s travel spend may limit the scope of your program and bargaining power with suppliers.
Knowing whether or not to expense a purchase can be tricky for business travelers. Even while using your best judgment, what you expense says a lot about you as an employee and can impact your reputation, putting into question your decision making skills. Additionally, a recent study shows that most travelers feel that expense reporting is worse than death and taxes. Check out our do’s and don’ts of expense reporting for guidance on what expenses are appropriate and maintaining trust with your employer.