Editor’s Note: In honor of today being President’s Day here in the U.S., and the fact that many students and teachers are on February vacation this week, we give you a handy little compendium on T&E management articles that you may find handy. Enjoy!
CPO Rising has been actively publishing thought leadership, technology analysis, and supply management best practices for many years and the result has been a steady stream of valuable content that sometimes gets lost in the shuffle. To help our readers keep better track of our ideas on certain topics, we’ve developed a new series in which we will feature a sampling of impactful insights and recent articles on the topics that matter most to CPOs and other procurement executives (Note that readers can also search different categories by clicking on “Articles” found in the blue menu bar directly under the CPO Rising logo or by searching “Tags” under the sponsor logos on the right hand navigation bar). We’ve started with Strategic Sourcing and Accounts Payable topics, but are now moving onto indirect spend categories, such as business travel and expense management. Enjoy!
4 More Travel and Expense Management Articles You Should Read
From our article entitled, How Can Enterprises Sustain High Business Traveler Morale?: Some business professionals view travel as a necessary part of their role, helping to spark business development, grow the company’s revenue, or promote the corporate brand to new markets and consumers. In fact, some “road warriors” are consistently on business trips, sacrificing personal time and a comfortable mindset out of a pure dedication to their jobs. Read more from this article by clicking here.
From our article entitled, What’s the Best Way to Maximize Your Business Travel Budget? Part I: Complex spend management has become one of the top priorities on the Chief Procurement Officer’s agenda. Complex spend categories, such as business travel, meetings / events, and contingent labor, attract supreme levels of corporate attention due to the financial attributes associated with each of these areas (one main reason that the Chief Financial Officer should be involved in the greater management of these categories). Read more from this article by clicking here.
From our article entitled, The Future of Travel and Expense Management: The Visibility Quotient: Business processes occur at a rapid pace in today’s consistently-shifting, cloud-based world. From finance to operations to cash management to strategic sourcing, there is any number of functional areas across the average enterprise that is running full-cylinder 24 hours a day, seven days a week. Managing the business travel category, along with associated expenses and expense reports, has certainly undergone a transformation over the past few years, with the spend category itself rising in strategic importance along with an increase in finances associated with business travel. Read more from this article by clicking here.
From our article entitled, Deem – Moving Beyond Travel and Expense Management: For procurement practitioners, managing spend across multiple categories and aligning them to the larger source-to-settle process is both a challenge and a goal. Manual, disparate processes require more time and labor than automated, aligned processes and are more prone to error. Even when systems are in place, getting all of the spend into them can be difficult, particularly services spend. These are but a few of the many reasons why having end-to-end solutions that can manage multiple spend categories can go a long way toward improving procurement (and overall enterprise) performance. Whether enterprises are trying to get a better handle on their indirect spend (e.g., travel and expense (T&E), office supplies, services) or direct spend (for manufacturing or product development), end-to-end supply management solutions can increase efficiencies, improve visibility and compliance, and driver greater benefits for the enterprise. Read more from this article by clicking here.