corporate traveller, business travel, expense management

Building a better travel and expense policy: step by step

Travel and expense management (or T&E) is the process of collecting all travel-related expenses in order to write them off (and not pay taxes on that amount). In most countries, business-related travel, including flights, hotels, and ground transportation is fully expensable.

This is great news. But you need to have your ducks (aka business travellers) in a row. A travel and expense policy provides a great framework for guiding employees and regulating how expenses are managed and processed. From setting budgets on flights and accommodation to standardising expense management processes, your travel & expense management policy should answer any (and all) questions about company travel, so you don’t have to.

Of course, the main purpose of a travel & expense management policy is to control spending. But a solid policy (with no room for ambiguity) will also help you deal with all the challenges often associated with travel and expense management.

Looking to build your travel and expense policy? We’d be happy to work with you.

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