{"id":17303,"date":"2020-11-10T11:40:29","date_gmt":"2020-11-10T11:40:29","guid":{"rendered":"https:\/\/www.itilite.com\/?p=1886"},"modified":"2024-01-11T17:32:48","modified_gmt":"2024-01-11T17:32:48","slug":"single-travel-expense-partner","status":"publish","type":"post","link":"https:\/\/www.itilite.com\/in\/single-travel-expense-partner\/","title":{"rendered":"What one SINGLE travel &amp; expense partner can do for you"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"http:\/\/mswebsite.itilite.net\/wp-content\/uploads\/2020\/11\/Wordpress-Thumbnail-Final-36.png\" alt=\"\" class=\"wp-image-26366\" \/><\/figure>\n\n\n\n<p>Travel &amp; travel-related costs cover a significant portion of the company\u2019s expenditure, and for the foreseeable future, safety will also bring in an additional cost.<\/p>\n\n\n\n<p>Companies have already onboarded systems to handle business travel &amp; expense management. However, till date the tendency was to onboard one partner to handle travel for the company, and another for expense.<\/p>\n\n\n\n<p>But today, it doesn\u2019t make sense anymore to keep flipping between travel &amp; expense management. Between two platforms, it is almost like a long distance relationship when in reality it should be a marriage.<\/p>\n\n\n\n<p>The biggest ask from companies today is efficiency! You need one platform that manages, simplifies, streamlines, and tracks everything, and can deliver instant value:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.itilite.com\/wp-content\/uploads\/2020\/11\/Hubspot-Header-062020-Webinar-21.png\" alt=\"One SINGLE travel &amp; expense partner can achieve more and work smart for you. \" \/><\/figure>\n\n\n\n<p>Everybody follows all the rules, with just one platform<\/p>\n\n\n\n<p>Business travel management &amp; expense management partners drive an automated, policy-compliant process for you.<\/p>\n\n\n\n<p><strong>BUT<\/strong><\/p>\n\n\n\n<p>Imagine a smart system that looks at a trip booking, predicts the costs for toll, <a href=\"https:\/\/www.itilite.com\/blog\/all-you-need-to-know-about-per-diem-in-us\/#What-Is-Per-Diem?\" target=\"_blank\" rel=\"noreferrer noopener\">per diem<\/a>, and more, and creates a single projection for the entire trip. Suddenly, there is no worry about compliance, your teams follow all the rules, you can budget better, and any red flags are instantly visible!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-you-can-leverage-human-behaviour-better\">You can leverage human behaviour better<\/h2>\n\n\n\n<p>You attend a meeting, catch lunch with a customer, and then head to the next meeting. You have a lunch bill &amp; a cab receipt which you need to file, but you are caught up with calls, and don&#8217;t do it immediately. In a normal situation, you would remember these reports are due when the finance teams or admin teams send a reminder.<\/p>\n\n\n\n<p>What if your T&amp;E platform can send you a notification next time you are on a flight to make use of your time and file the expenses? What about a smart reminder every time you book a new cab &#8211; that your past bills have not been filed? With automation and an understanding of human behaviour, these nudges can increase expense filing, and reduce delays by easily 20%.<\/p>\n\n\n\n<p>Not only that, you can also save significantly on your travel and expense management program. 300+ US customers are leveraging the power of technology to cut down on the costs. Check out now, how much you can save with an interactive calculator.<\/p>\n\n\n\n\t\t<!--HubSpot Call-to-Action Code -->\n\t\t<span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-287c0515-7167-4861-9102-1630e4c3fd9d\">\n\t\t<span class=\"hs-cta-node hs-cta-287c0515-7167-4861-9102-1630e4c3fd9d\" id=\"287c0515-7167-4861-9102-1630e4c3fd9d\">\n\t\t<!--[if lte IE 8]>\n\t\t<div id=\"hs-cta-ie-element\"><\/div>\n\t\t<![endif]-->\n\t\t<a href=\"https:\/\/cta-redirect.hubspot.com\/cta\/redirect\/6378157\/287c0515-7167-4861-9102-1630e4c3fd9d\" >\n\t\t<img decoding=\"async\" class=\"hs-cta-img\" id=\"hs-cta-img-287c0515-7167-4861-9102-1630e4c3fd9d\" style=\"border-width:0px;\" src=\"https:\/\/no-cache.hubspot.com\/cta\/default\/6378157\/287c0515-7167-4861-9102-1630e4c3fd9d.png\"  alt=\"New call-to-action\"\/>\n\t\t<\/a>\n\t\t<\/span>\n\t\t<script charset=\"utf-8\" src=\"\/\/js.hubspot.com\/cta\/current.js\"><\/script>\n\t\t<script>\n\t\thbspt.cta.load(6378157, '287c0515-7167-4861-9102-1630e4c3fd9d', {});\n\t\t<\/script>\n\t\t<\/span>\n\t\t<!-- end HubSpot Call-to-Action Code -->\n\t\t\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-there-are-no-unverified-loopholes-conditions-apply\">There are no unverified \u201cloopholes\u201d &amp; \u201cconditions apply\u201d<\/h2>\n\n\n\n<p>Your team member files an expense for a cab which is 2x the allowance. They claim that they were running to catch a flight and hence had no choice on the expense. An expense platform will only flag this as an out of policy expense. A travel and expense platform can instantly verify whether the claim is accurate, and highlight whether there were other options available for the traveler.&nbsp;<\/p>\n\n\n\n<p>Suddenly, your teams are pushed to be more responsible and to explore all options available, and the added transparency means approving managers are always 100% aware of their teams&#8217; actions and reasoning.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-you-don-t-have-to-look-through-endless-charts-excel-sheets\">You don\u2019t have to look through endless charts &amp; excel sheets<\/h2>\n\n\n\n<p>Imagine your finance team is working on a budget for company travel for the next quarter. They will look at travel costs, accommodation costs, per diem, and add-ons like WiFi, room service, and local transport. But these are not real-time, and take time to correlate.&nbsp;<\/p>\n\n\n\n<p>A travel platform provides travel data, and an expense platform provides spends additional to travel. But bringing them together is resource heavy and relies on guesswork and extrapolation.<\/p>\n\n\n\n<p>A <a href=\"https:\/\/www.itilite.com\/manager\" target=\"_blank\" rel=\"noreferrer noopener\">travel AND expense play<\/a> ensures that you get connected costs, real-time information, and can spot and plug gaps &#8211; which means your finance team is more efficient, your budgets are realistic, and the whole process is airtight and efficient.<\/p>\n\n\n<p><a data-toggle=\"modal\" data-target=\"#blogfreedemo2\"><img decoding=\"async\" src=\"https:\/\/6378157.fs1.hubspotusercontent-na1.net\/hubfs\/6378157\/hub_generated\/resized\/0a5b1df9-605e-45c7-89af-1963460b8d43.png\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Travel &amp; travel-related costs cover a significant portion of the company\u2019s expenditure, and for the foreseeable future, safety will also bring in an additional cost. Companies have already onboarded systems to handle business travel &amp; expense management. However, till date the tendency was to onboard one partner to handle travel for the company, and another [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":36663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[54],"tags":[40,127,24],"class_list":["post-17303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel-and-expense","tag-expense-reports","tag-finance","tag-travel-and-expense"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.6 (Yoast SEO v25.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What one SINGLE travel &amp; expense partner can do for you<\/title>\n<meta name=\"description\" content=\"Wonder what a single travel and expense partner can do for you? Read this article to understand why you need a travel and expense partner in one.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What one SINGLE travel &amp; expense partner can do for you\" \/>\n<meta property=\"og:description\" content=\"Wonder what a single travel and expense partner can do for you? 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