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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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It’s easy to understand why a travel management company would think twice about declaring support for Traxo. The company’s data capture solution helps corporations justify loosening booking channel policies. That’s outdated thinking, according to Traxo, its customers and some other observers. Regardless, Traxo announced work with American Express Global Business Travel last year. Now, it…
Asked how corporate travel buyers should deal with fares found outside preferred booking channels, Cisco senior global procurement service leader for travel and card Carlos Almendros said, “You’ll get a different answer for every buyer.” Travel managers also speaking at the Global Business Travel Association convention last month supported the variety of approaches and considered…
Expense software developers and corporate travel providers are progressing in their efforts to kill the manual work associated with expense reporting. The application of artificial intelligence appears to be accelerating what has been a slow and painful demise. Emburse on Tuesday announced AI-powered receipt scanning — “the next step in realizing Emburse’s vision of an…
Upload your travel policy and create a multilingual chatbot employees can query. Talk to a “consultant.” Get another set of “eyes” on a new policy or supplier contract. Quickly analyze service level agreements for what you’re owed. These are promises of a new commercially and personally “secure” artificial intelligence tool for enterprises from PredictX, currently…
Per-person meal costs tend to be higher for groups than for solo diners. Per-capita food costs when companies contract with hotels and restaurants for dedicated event space are higher still. Internal meetings among remote workers who interact less frequently on a day-to-day basis are on the rise. Accounting for all that, BeiGene last month enacted…
“Blended” travel at American Airlines is trending down and approaching its historical level, potentially undermining one element of a narrative about why the company changed just about everything it does with the managed corporate travel market. Some of its arguments about how the market has changed met with skepticism. That doesn’t mean it’s going to…
Corporations focused a procurement lens on travel en masse beginning around the turn of the century. The new emphasis on spend management surfaced questions about the return on investment in trips, and with the 2007-2008 financial crisis, companies began demanding answers. Some industry organizations attempted to answer the demand with research, but it did not…
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