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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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When crude oil prices in 2008 peaked at around $140 a barrel, then-Continental Airlines president Jeff Smisek said oil and gas clients were “living large and flying all around the world up front and spending money like drunken sailors.” The global financial recession shortly thereafter hit prices hard, but oil rebounded to more than $100…
Well before gamification became a corporate travel buzzword, companies had straightforward ways to reward travelers for booking cheaper flights. Traveler incentive programs that share savings with those who book coach airfare when business class is acceptable are challenging but not uncommon. Now, a variation on the concept appeals to companies without robust travel-management programs and policies. Point-of-sale price benchmarks guide…
[UPDATE, March 8, 2017: Concur decided to “phase out” the Price to Beat feature, according to Rocketrip. The two companies announced an expanded partnership. More info here.] More than a decade ago, U.S. businesses started saving significant money due to what travel professionals called visual guilt. Mainstream by 2006, the notion is that when travelers…
SAP CEO Bill McDermott sees Concur’s TripLink supplier-direct program as a replacement for corporate travel policy. In an interview published last week by Re/code, McDermott responded as follows when asked why SAP is paying about $8 billion for Concur: “Every company has a corporate travel department, but no one wants to work with it. You can…
Concur’s TripLink direct connect program could upend corporate travel distribution if it works. So far, it doesn’t. The TripLink concept resonates with corporate clients concerned about hotel booking channel compliance. About 35 percent of lodging bookings at companies with travel managers go outside the preferred channels, according to research by The Company Dime. Many of…
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