Categories: Special ReportExpense ManagementCorporate Cards and Payment Systems

The Expanded World of Expense

Choosing the right expense management tool for global business travel takes a look at the big picture
International business travel has become the sine qua non for businesses large and small. What was once perhaps just the purview of high-ranking employees at Fortune 500 giants is now a regular feature of the competitive landscape for mid-sized companies and even small enterprises. Employees of all different stripes now have taken to traveling the globe.

But with that increase in global business travel comes additional considerations for both travel buyers and finance departments. Companies now need solutions that can reconcile travel expenses on a worldwide scale – solutions that can manage foreign requirements, provide data visibility and address many of the problems that have long plagued global travelers. Ultimately, businesses need global expense policies and tools that make things smoother and easier; for the traveler, the travel manager and the back office.

“Language and multiple currency capabilities are obviously critical for global travel, especially for companies with multilingual employees – as is overall uptime,” says Bob Neveu, CEO of Certify, Inc./Chrome River.

Support lines for international travelers are critical as well, Neveu adds. “In-person, real-time support is extremely important for international travelers, particularly those who are traveling in countries or regions which may be known to have security issues, or are prone to natural disasters,” he says. “This provides peace of mind not only to the travelers themselves, but also to their employers.”

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