In a CFO Research recent survey of 173 senior finance executives, respondents emphasized the need for greater visibility into and control over travel spending.
Get the full report for data on: gathering more information on employee spending behavior, fine-tuning policies for travel spending, and related activities.
Survey results include:
- 76% agree that making travel-expense submission and reimbursement less time-consuming would yield a meaningful financial benefit
- 85% admit that employee compliance with travel spending policies has room for improvement
- 39% say that the single largest barrier to timely and comprehensive info on travel expenses is lack of integration between travel systems and other enterprise systems