Expenditure Control
The State of Travel and Entertainment (T&E) Expense Management
Travel and entertainment (T&E) expenses have long been a critical component for achieving corporate goals; business travel is considered an operational necessity for organizations across the globe. However, in 2010, enterprises have begun to transform their perception of expense management from an unavoidable cost to a strategic mindset. The State of T&E Expense Management study is a go-to guide for enterprises seeking to convert their decade-old acuity of this everyday business practice to one that aligns with a new age of organizational goals and drives enterprise value through process efficiencies and a strategic viewpoint.
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Within the expense management process, there is often a balancing act of enterprise pressures that organizations must carefully alleviate to ensure that their expense management efforts drive value to the overall enterprise. Figure 3 details the top factors driving enterprises to focus on expense management.
How Demand Metric Can Help
If you are currently using Excel to monitor your expenses but want to improve the look and feel of your existing documents, check out the following templates:
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