![]() ![]() Easy expense processes save employees time (both card users and finance admins) and mean valuable team members can focus on other exciting initiatives instead of manual expense admin. ![]() T&E promotes higher retention rates for the companyĬompanies with well-developed T&E policies tend to have higher employee retention rates because they don’t expect their frequent travellers to stay out of pocket and wait long periods for reimbursements. Not only does this help you strengthen relationships with others in your industry, but it can also help you build new ones with vendors, leads, customers, and others. These costs include airfare, car rentals, hotel stays, meals, events, concerts, and more.īut T&E expenses are essential and can help your company in the following ways: T&E helps your employees network and close dealsīusiness travel is often a great way to meet new people and foster relationships. T&E is regarded as one of the biggest expenses for many businesses because it includes all travel costs. What is T&E, and why does it matter to your business? Likewise, larger enterprise businesses get nervous about too many T&E expenses as they can be difficult to track when multiple employees travel and often use bank-held company cards and separate expense management software. They sometimes consider it unnecessary to send their employees on frequent trips, especially if their subsequent reimbursement processes are manual and arduous. Many small and medium businesses (SMBs) worry about the cost of employee expenses when it comes to travel and entertainment expenses (T&E). ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |