Corporate travel arrangements permit companies to send employees to different locations in the United States and overseas for business reasons. These trips provide networking for business development, training, and educational sessions. They also can provide teams with a chance to build their skills in new settings that unlock fresh perspectives and help build working relationships. Additionally, companies can reap cost savings through corporate travel discounts on airfares and hotels.

There’s usually a person responsible for monitoring and managing the corporate travel arrangements. Based on the size of the business, this could be a whole department or one dedicated employee. In smaller companies this responsibility is more likely to fall on an individual who works in the finance and administration departments as part of their job description.

In any case the responsibilities and expectations of a company’s corporate travel program can be stressful and time-consuming. To maintain control, balance costs, and ensure that policies are in compliance, it may make sense for companies to outsource the management of their travel programs. The ones who decide to assume this responsibility could use a third-party firm or the travel technology platform that was designed for corporate travel. The aim is to streamline bookings, improve transparency, and limit leakages of expenses through automated expense tracking. This can help businesses save money and make planning and managing corporate travel much easier for all parties involved.

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