Expense is the Center of the Business Travel Data Universe
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This perspective challenges the traditional reliance on TMC or supplier data, emphasizing that expense data's link to the General Ledger makes it a more trusted source for CFOs, offering guidance for travel managers to enhance data credibility and cross-departmental collaboration.
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- SAP Concur BlogExpense is the Center of the Business Travel Data Universe
An SAP Concur blog post argues that expense data is the true single source for travel spend truth, as it captures all spend not going onto corporate credit cards and all supplier-direct spend, and is tied back to the company's General Ledger data. GL information is used by the CFO for monthly and quarterly earnings reporting, making expense data more credible than TMC or supplier data. The article advises travel managers to work closely with expense management teams, understand how expense data can be dissected, align with finance analysts on GL spend categories, and restructure travel reports to align with GL categories.