TravelBank

In the final post of our 6-part series based on a white paper with Harvard Business Review Analytic Services in association with U.S. Bank, here are 4?? tips to overcome common implementation objections and reap the benefits of a unified T&E management system. https://hubs.ly/Q02ZB6l10

According to 2 benchmark reports, finance teams that replace standard business processes with automated, digitized T&E processes can process 3.9x expense reports per full-time employee while achieving processing accuracy that is 4.5x greater. And the overall processing cost as a percentage of travel spending is 2.7x less. ?? Read the full post. ?? https://hubs.ly/Q02ZB9Hq0

If you’re looking to improve visibility, expedite reporting, error-proof the data entry process, enable budget management assistance, and provide crystal clear travel policies, it is time to consider the benefits of using an all-in-one solution to manage your business travel and expenses. https://hubs.ly/Q02ZB2rg0

Anyone who doesn’t have an executive assistant is eagerly awaiting the day when AI will flawlessly take care of their travel arrangements and expense reports. While that’s probably a few years off, the current generation of T&E systems can eliminate frictions and overhead in every category of indirect spending. Here’s how you can infuse automation into T&E management in 2024. ?? https://hubs.ly/Q02ZB5rV0

Technologies like fingerprint scanning, facial recognition, and behavioral biometrics are becoming more prevalent to secure financial transactions and protect sensitive information. What's more likely? An executive clicking a malicious authentication link, or a scammer having a copy of the exec's fingerprint? Read the blog ?? https://hubs.ly/Q02Vwvxd0

According to FinTech Magazine, while "a survey from Airwallex found that although 83% of SMBs are interested in acquiring financial services through their SaaS platforms, only 9% currently have access to these services." Read more about Embedded Finance ?? https://hubs.ly/Q02VwrLm0

In 2023, 84% of travel buyers surveyed by GBTA said their business travel spending increased, and 33% said the increases were significant. Read how to reduce the time, effort, and money your org spends on travel ?? https://hubs.ly/Q02VwnS10

For our new report, we selected and analyzed travel bookings and over 300,000 random expense reports. By comparing these expenses to previous years, we see the evolution of how employees travel, do business, and go to work. The results surprised us. Read new 2024 State of T&E report ?? https://hubs.ly/Q02Vv_Bm0

Wish you had travel spend data at a glance? With TravelBank Premium Insights, you gain access to a summary of items in your organization, including receipts for both travel and expenses, top savers, approval compliance, high spend items, and even airfare and hotel booking leakage. On the expense side, see all expense reports that have been submitted at any given time – and which are outstanding. ?? https://hubs.ly/Q02Vw39L0

Are you risking your best employees? Chief Executive Group surveyed CFOs about remote employee expenses, and what perks your competitors are offering ?? https://hubs.ly/Q02Vwhgj0