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Corporate travel policies are essential for managing costs, ensuring compliance and promoting traveler well-being. The Company Dime‘s Policy category offers insights and best practices for crafting effective travel policies in today’s dynamic business environment.
Our articles cover a wide range of topics crucial for travel managers and procurement professionals. They include in-depth analyses of industry trends, expert opinions and real-world case studies. Explore the impact of new technologies, such as AI-powered audits and virtual payment solutions, on policy compliance and spend management. Learn how leading companies adapt their policies to address unique challenges posed by the rise of remote work, the “sharing economy” and sustainability concerns.
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With the potential to reshape corporate travel policies, a Mastercard-SAP Concur integration gaining traction among customers reflects an interest in the sorts of payment-first controls typical of virtual card programs and championed by fintech startups. “Purchases made on Mastercard corporate cards are captured and automatically populated in Concur Expense,” SAP announced in March. “Users are…
When the Financial Times in July 2023 published a guest column arguing that business travel air miles should go to employers — thus limiting non-essential travel, reducing carbon emissions, saving money and maintaining employee productivity and health — the reactions were diverse. “Air miles are pure corruption,” opined one commenter. Another wrote, “Congrats to this…
Why do travel management professionals care whether travelers book hotel stays at the same time as flights? There are pragmatic and financial reasons, and several methods to close the loop. Hotel attachment occurs when a lodging booking happens with an air booking, either through an agent or a designated booking tool. The higher the ratio,…
The concept of “lowest logical fare” has always been open to interpretation. Traditionally, it’s the cheapest, in-policy fare returned when the traveler or travel agent searches in a booking system. But various market dynamics are making it harder to pin down, prompting industry professionals to reconsider it. New challenges in point-of-sale shopping comparisons due to…
Atlanta – ExxonMobil’s internal “Do The Math” campaign aims to optimize four aspects of traveler booking behavior: online booking adoption, lowest logical fare use, advance ticket purchasing and preferred hotel utilization. The company’s communications strategy, featuring extensive use of banner ads, was one of three engagement case studies presented here during a panel discussion at…
Four in five business travelers “never” or “rarely” choose out-of-policy options, according to an April BCD Travel poll of 1,201 business travelers worldwide. Seventeen percent indicated they sometimes chose out-of-policy options, 3 percent said they “often” did and 1 percent picked “always.” An unrelated May-June survey by Deloitte of 1,070 U.S. corporate travelers whose companies…
Eighty percent of U.S.-based executives and managers believe their companies could use their travel budgets more wisely to achieve strategic goals. On average, they said, 20 percent of company trips were “low-value” and one-third could be replaced by virtual meetings. Among 410 respondents to an April survey by tClara, 174 executives ranked achieving successful business…
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