Introducing corporate payments to your business
Almost 90% of all companies send staff out on the road at some point in time – whether by car, train or plane. These trips incur food and drinks expenses, and often involve additional costs such as hotel stays, vehicle hire, insurance and visas. Costs quickly add up, and after salaries and product spend, this expenditure is commonly the third-largest outgoing for businesses.
Yet, despite these high figures, many still lack suitable payment arrangements for business travel. They simply lump it in with the general expenditure pot and by doing so, fail to take advantage of the opportunity to generate savings, improve compliance and commercial performance, reduce risk, and collect valuable data that can be used for future demand planning and negotiations.
This Supply Management Insider report, produced in partnership with AirPlus, explores the benefits of taking a more strategic approach to business travel spend and explains how simple it is to do.To download please sign in.