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3 Ways Invisible Spend can Impact Your Travel Program
1reports1reporting sources2022-06-29Update
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Travel managers need to address invisible spend's impact on cost control, compliance, and employee safety. Integrating data capture tools can improve spend visibility and support more effective supplier negotiations and policy-making.
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6月29日
- SAP Concur Blog3 Ways Invisible Spend can Impact Your Travel Program
SAP Concur blog cites Phocuswright research showing invisible spend (corporate travel data not captured by traditional TMC reporting) can hurt supplier negotiations, cause compliance issues, and jeopardize traveler safety. Phocuswright surveyed 2,300 business travelers and found 88% relied on smartphones on business trips, leading to new traveler behaviors and difficulty measuring compliance. The article recommends capturing all travel data to improve policies.