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Does Travel & Expense Integration Work for your Business?

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As companies work to cut down costs and ensure every penny spent of their travel budget is well accounted for, they are emphasizing more on visibility and greater control over their travel expenditure. Increasingly, companies are looking for a centralized platform that offers seamless integration between travel booking and expense management.

Also, the new generation of mobile booking and payment services is changing the travel landscape for corporate travelers. Business travelers are looking for new ways to book and pay for travel from a broad range of channels. Having a fully integrated solution that handles both travel booking and expense reporting can do wonders for businesses. With the integrated solution, organizations can ensure maximum automation while streamlining travel-expense management process and other internal processes.

As travel systems have strategic tie-ups with online booking engines of airlines, hotels and other car rental companies, it becomes easy for you to book itineraries and accommodation that comply with your business policies. Through this integration, travel data gets directly imported to the expense application, and there would be no scope for employees to tamper the data. Most importantly, integrating travel with expense reporting system allows you to incorporate business policies into the system, thus preventing your employees from submitting out-of-policy expense claims.

Besides avoiding fraud, this integration will provide you greater visibility and control over business travel. You can figure out who is spending what and for which category the most spending is happening. Integrated booking platform helps businesses identify miscellaneous spending patterns and allows you to figure out anomalies.

Also, the integration allows you to make payments centrally through which you will receive a structured overview of travel costs that can be matched automatically against cost policy. Therefore, business travelers are not required to use their personal cards to pay for travel expenses. Since the data can be read automatically, there won’t be any redundancy issues. Embracing integrated systems makes the booking and paying process for business travelers faster, easier, and transparent than ever before.