Top Travel and Expense Trends of 2021
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These trends reflect structural changes in business travel and expense management post-pandemic. Companies need to adjust travel policies to focus on employee well-being, ESG goals, cloud technology adoption, and tax compliance, offering important reference for travel managers and financial decision-makers.
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- SAP Concur BlogTop Travel and Expense Trends of 2021
A SAP Concur blog post shares insights from K.G. Subramanyam (KGS), Global VP of Enterprise Platforms at NielsenIQ, on four key T&E trends for 2021. Trend 1: 'Safe travels' takes on new meaning, with employee well-being central, vaccine passports, health checks, and screenings becoming more common, and employers strengthening duty of care. Trend 2: Sustainability goes beyond recycling, with younger employees focusing on ESG goals and technology enabling carbon footprint transparency. Trend 3: Shift to cloud solutions, with real-time data driving decisions and AI, ML, and RPA providing data-driven analytics. Trend 4: Compliance with changing tax laws, with VAT compliance a CFO priority and e…