The T&E Expense Management research study (February 2012) found that 70% of organizations across the globe find the processes related to management of Travel and Entertainment (T&E) expenses to be a strategic internal function. This notion has catapulted the theme of “next-generation” technology to a new level; if companies are to drive more value out of this strategic function, they must leverage next-generation solutions, such as mobile applications / portals, to improve and enhance existing expense management processes. – Chris Dwyer, Aberdeen Group, June 2012
The detailed report, The Role of Mobile Technology in Modern T&E Management, highlights how top-performing companies have improved the management of T&E expenses by implementing mobile applications and portals. The modern upgrade has been shown to improve effiency. The research finds that mobile technology lowers expense-processing costs while raising corporate policy compliance.