Drrect travel spend efficiencies result in savings of $24B or 8.38% of direct travel spend made by large companies in the US
- Digitalizing expenses could free up equivalent of 188,000 FTEs across US, UK, France and Germany for more productive tasks
- Better managing travel spend to save $31.4B a year for large companies in the US, UK, France and Germany
Business travel is a top indirect spend area for many companies and could be challenging to manage efficiently without the right digital tools. Today’s fragmented approach means adherence to travel policies is irregular, ‘on-trip’ spend like meals and taxis are rarely managed, and a reliance on manual expense claims burden travelers, finance teams and managers with administrative tasks.
A new era in business travel is emerging to support hybrid working, with companies focused on how travel can deliver maximum value in this new environment. That’s why Amadeus commissioned experts from the Centre for Economic and Business Research (CEBR) to model the economic benefits should the industry apply the latest in end-to-end digital spend management technology.