Today all companies are working in an agile environment require to have face-to-face meetings with your customers and partners is very apparent, both at a common-sense level and when you look at the data. But managing corporate travel requests brings up lots of questions. A recent study from Oxford Economics revealed that for every $1 spent on business travel, companies gained $12.50 in incremental revenue. Eliminating business travel would cause a company to forfeit 17% of its profits in the first year alone. 28% of current business might be lost without in-person meetings.
Many confuse the term ‘business travel management’ with ‘expense management’ – the latter being a common process within an organization that has already benefited from much automation and corresponding ease of implementation. The requirements for handling corporate travel management differ according to the organization type. But there are a few common features that one can expect from a dedicated travel management system. Built on Microsoft Dynamics 365 Finance & Operations, Microsoft PowerApps platform it is integrated with GDS and LCC for flights and hotels. One connected solution where all employees can book business travel, make a request to get approval for Book Flights/hotels and create expenses directly from the web. XpenseCo is a global product, with the real-time dashboard for tracking the spend by the project, employee, business unit and more. All financial transactions will be posted directly in Finance & operations. Additionally, it can be settled with another global ERP system and accelerate the finance team to provide the complete forecast.

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