Check, Please

Let’s face it – managing dining spend is a formidable task. But thanks to technology, help is at hand
For travel managers, capturing dining spend can be as difficult as finding Big Foot or the Texas Chupacabra. In contrast, air and lodging spend are easy game. But getting an accurate and timely report of each transaction is daunting. There are simply too many variables; policies and procedures, traveler acceptance, shoe boxes full of receipts, a card deck of credit cards, too much data or too little, and worse, the dark side – fraud.

That’s why travel management companies, expense software developers and suppliers are expending so much effort to come up with pragmatic, secure solutions to unravel the dining spend enigma.

Much is at stake. A 2017 report by American Express Global Business Travel and the GBTA Foundation pegs dining as the third largest area of business travel spend behind lodging and airfare, posting a sizeable $77 billion in 2016.

With millions of business trips multiplied by millions more meals purchased, controlling this area of spend without assistance is truly a Herculean task. It’s not surprising therefore to find many creative reporting solutions to track dining spend for every business large and small.

Expense Management

Categories: Special ReportExpense Management

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