how to decrese travel expence??

smith47 · 02-08-2010, 12:12 PM

Hello Friends,

Entertainment and travel costs can make up ten per cent of a company’s total operating expenses. Whilst this may be somewhat of an eyebrow raiser to you, it wouldn’t come as much of a shock to your Finance Director. The situation is not assisted by the fact that most Small and Medium sized Enterprises travel expense management is conducted through Excel based reports and reams of receipts and POs.All the work to compile daily, weekly and monthly expense claims is of course part of payroll’s daily operations too, which in itself creates delay, errors and further expense to be incurred.As a result, incorporating an automated system to manage travel expenses could streamline operations immensely, actively manage company spending, allow for more efficient decision making and ensure compliance.The argument against their introduction is clear; cost of implementation. However, whilst this could have been seen as a valid negative against such a system, this may not be the case now as software companies begin to offer service solutions at competitive prices.
Referred as SaaS, (Software as a Service), the financial benefits of such an approach are clear. Indeed, recent research has reported that take-up companies have seen a 1 per cent decrease in operating expenses. On face value, this may not seem too significant.
Thanks

Baron22 · 02-14-2010, 01:29 AM

Hello friends
Even if we assume that there is too much money flying around in the economy, i for one have found very little to spend it on at my current lvl. There seems to be a lack of a play-driven economy especially in terms of crafted weapons and Armour so i find it hard to understand how they could decide we have too much money until we reach the stage where we have a serious crafter-lead economy and then still have 100's of spare silver in our pocket. And yes, repairs are too expensive, but i think travel is about right since it is a luxury.

Feel free to fill me in anyone...

aliyahcruz20 · 02-15-2010, 01:37 AM

I just want to say thank you for sharing with us the different ways on how to decrease travel expenses.In addition to that, if you are looking to reduce business travel costs for your company and do not have a partnership with a business travel agency now is the time to get one.

ptrjakson · 02-17-2010, 07:44 PM

I hope this suggestion of yours will help many companies to reduce there expenses.

emblem · 05-07-2010, 06:02 AM

Thanks to share you nice informative information in this forum site I like your topic the why you spotlight on the expanses small companies and there expanses decrease with the help that kind of topic in this forum site I am very appreciated people give such great helpful contents.
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02-08-2010, 12:12 PM	#1
smith47 Junior Member Join Date: Feb 2010 Location: U.K Posts: 21	how to decrese travel expence?? Hello Friends, Entertainment and travel costs can make up ten per cent of a company’s total operating expenses. Whilst this may be somewhat of an eyebrow raiser to you, it wouldn’t come as much of a shock to your Finance Director. The situation is not assisted by the fact that most Small and Medium sized Enterprises travel expense management is conducted through Excel based reports and reams of receipts and POs.All the work to compile daily, weekly and monthly expense claims is of course part of payroll’s daily operations too, which in itself creates delay, errors and further expense to be incurred.As a result, incorporating an automated system to manage travel expenses could streamline operations immensely, actively manage company spending, allow for more efficient decision making and ensure compliance.The argument against their introduction is clear; cost of implementation. However, whilst this could have been seen as a valid negative against such a system, this may not be the case now as software companies begin to offer service solutions at competitive prices. Referred as SaaS, (Software as a Service), the financial benefits of such an approach are clear. Indeed, recent research has reported that take-up companies have seen a 1 per cent decrease in operating expenses. On face value, this may not seem too significant. Thanks

02-14-2010, 01:29 AM	#2
Baron22 Junior Member Join Date: Feb 2010 Location: U.K Posts: 13	How to decrease travel expensive ? Hello friends Even if we assume that there is too much money flying around in the economy, i for one have found very little to spend it on at my current lvl. There seems to be a lack of a play-driven economy especially in terms of crafted weapons and Armour so i find it hard to understand how they could decide we have too much money until we reach the stage where we have a serious crafter-lead economy and then still have 100's of spare silver in our pocket. And yes, repairs are too expensive, but i think travel is about right since it is a luxury. Feel free to fill me in anyone...

05-07-2010, 06:02 AM	#5
emblem Member Join Date: Jan 2010 Posts: 63	Best Harlem Clothing Thanks to share you nice informative information in this forum site I like your topic the why you spotlight on the expanses small companies and there expanses decrease with the help that kind of topic in this forum site I am very appreciated people give such great helpful contents. http://www.welcometoharlemhiddentreasures.com Best African Fabrics

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02-15-2010, 01:37 AM	#3
aliyahcruz20 Junior Member Checked LuggageChecked LuggageTravel AuthorityITYT CaptainITYT Cabin CrewContinental Airlines CEOVillage Idiot Join Date: Feb 2010 Posts: 0	I just want to say thank you for sharing with us the different ways on how to decrease travel expenses.In addition to that, if you are looking to reduce business travel costs for your company and do not have a partnership with a business travel agency now is the time to get one.

02-17-2010, 07:44 PM	#4
ptrjakson Junior Member Join Date: Dec 2009 Posts: 17	I hope this suggestion of yours will help many companies to reduce there expenses.