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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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Whether you’re looking to optimize your existing travel policy or build one from scratch, The Company Dime is an invaluable resource for staying informed and ahead of the curve.
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Class of service policies for air travel are among the most common elements of corporate travel programs. Products of a tug of war between spend management and employee wellbeing, they’re sometimes perceived as reflecting a company’s generosity and attention to human assets. There are multiple ways to construct such a policy. Flight duration is a…
Travel management is always all about data, but what does it say? Benchmarks can provide many answers, putting a program’s effectiveness into context, but obtaining good ones and using them effectively may be harder than it seems. The Company Dime asked more than a dozen travel managers and industry consultants to discuss the best practices….
Having seen up close the dangers of algorithmic bias in artificial intelligence, CWT’s Matthew Newton has some suggestions for risk mitigation. Artificial intelligence is being deployed at scale in business travel management, with algorithms changing the game for service consistency, efficiency and cost-effectiveness. But this watershed moment threatens to unleash a monster. Algorithmic bias in…
Regardless of the allure, direct bookings with suppliers are out of bounds for most employee groups at two companies represented on a March 6 webinar hosted by Cerebri AI. Both firms mandate that bookings go through their designated travel management companies via counselors or the SAP Concur Travel booking tool. According to their travel managers,…
Reaction: Responding to Scott Gillespie’s Op Ed on how today’s corporate travel market demands “long-sighted travel policies” prioritizing value and sustainability over traditional cost-cutting, readers generally agreed with the need for change. Microsoft’s Eric Bailey echoed the goal of reducing emissions and minimizing low-value trips but suggested different methods. He recommended carbon taxes and budget…
Scott Gillespie of tClara continues his tradition of challenging industry norms with an iteration of his recent thinking on corporate travel value, policies and sustainability. What do you think? Comment below. Four years have passed since the Covid-19 tremors began earthquaking the travel industry, forcing The Great Zoom Experiment onto the workplace. Meanwhile, corporate concerns…
[UPDATE, Jan. 11, 2024: Hertz Global Holdings will sell about 20,000 electric vehicles from its U.S. fleet, representing about one-third of its worldwide EV inventory. The disposition will affect multiple makes and models. Hertz will reinvest a portion of the funds from the sales into buying internal combustion engine vehicles “to meet customer demand.” The…
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