ExpenseMatters : The Source for Expense Management

T&E as a Strategic Internal Function

By on April 17, 2012 in Expense, General with 0 Comments

travel & entertainment expenseThe results are in for the T&E Expense Management research study by Aberdeen Group. Conducted in January and February 2012 of 140 enterprises, the report tackles the expense management category to help organizations implement the necessary strategies and solutions for driving down expense-processing costs and improve corporate policy compliance.

The study found the next generation of T&E solutions feature the best-in-class pillars of expense management including cloud, analytical, mobile and integrated capabilities and processes.

Top-performing enterprises in the report showcased superior performance across a number of key metrics. Key performances of the Best-in-Class enterprises included:

  •  60% lower expense-processing costs than all other organizations
  •  A 43% higher rate of business travel spend under management
  •  A 31% higher rate of corporate policy compliance.

The report also highlights the continued need for companies to continue to pursue the latest in technology including mobile applications. According to the report Best-in-Class companies are 56 percent more likely than Industry Average organizations to utilize end-end expense management solutions and 27 percent more likely to use mobile travel and expense applications/mobile-optimized web portals.

The full report is being offered for free on the Aberdeen site for a limited time: Aberdeen Library.

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