4 Insights for CFOs as Travel Costs Emerge
Brian Vance of SAP Concur hosted a webinar with experts discussing four key topics on rising travel costs. A Wakefield survey found 96% of employees are willing to travel in the next 12 months, but 45% feel virtual interactions cannot build business connections. Experts advise evaluating trip necessity, distinguishing business from leisure travel, and balancing flexibility with cost control. Companies can use corporate cards, AI auditing, and unified platforms to improve compliance and visibility.
Impact and considerations
The return to travel poses cost control challenges; CFOs need frameworks to evaluate trip value and leverage technology for compliance.
Key points
- 96% of employees are willing to travel in the next 12 months.
- 45% feel virtual interactions cannot build business connections.
- Evaluate if trips strengthen relationships, drive revenue, are timely, and safe.
- Distinguish business from leisure travel and use AI auditing to prevent non-compliance.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 15 Aug 2026, 08:26
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：4 Insights for CFOs as Travel Costs Emerge (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47