Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Taming the Travel & Entertainment Expense Beast: Benchmarks & Best Practices
• Understand current and emerging technologies available for T&E management
• Learn how to best leverage technology in establishing visibility and control of T&E expenses
• Discover how to build an effective business case for T&E management automation by understating key components of the ROI
• Identify how to manage and mitigate T&E expenses at your company including improved policy compliance rates, a higher frequency of report submissions, and the elimination of hours of accounting work
Learning Objectives
After attending this event you will be able to:
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Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Taming the Travel & Entertainment Expense Beast: Benchmarks & Best PracticesRobert Neveu, President & Co-founder, Certify
Featured in:
About Certify
• Providing travel & expense solutions since 2008
• 64 languages, 140+ currencies, clients in 18 countries
• Highest User Satisfaction Rating , G2Crowd 4.8 out of 5
• Over 15 million expense transactions in 2013
• Processing over $5 billion/ year in expense reports
T&E Expense Management Trends
Reference: Certify Annual Travel & Expense Management Survey 2014
• Travel and entertainment (T&E)—second only to payroll as the largest business expense, accounts for 10%-12% of total annual budget
• Roughly 50% of organizations in U.S. are using manual processes to manage their T&E spend and budgets
• 59% of organizations want to improve their expense management process
• 62% of organizations want better analytics and insight into T&E spend
• Only 30% of organizations utilize mobile expense applications
T&E Expense Management Trends
Reference: Certify Annual Travel & Expense Management Survey 2014
43%
29%
18%
5%4%
Cloud/Web-Based
Excel/Spreadsheets
ERP
Home-Grown
Pen & Paper
How do organizations currently manage their travel and expense reporting?
43%
29%
18%
5%4%
Cloud/Web-Based
Excel/Spreadsheets
ERP
Home-Grown
Pen & Paper
T&E Expense Management Trends
Reference: Certify Annual Travel & Expense Management Survey 2014
How do organizations currently manage their travel and expense reporting?
2013 to 2014 Comparison
Reference: Certify Annual Travel & Expense Management Survey 2014
43%
29%
18%
5% 4%
Cloud/Web-BasedExcel/SpreadsheetsERP
35%
35%
12%
7%11%
Cloud/Web-BasedExcel/ SpreadsheetsERP
2013 2014
44% of organizations in 2014
are using web-based expense
systems, compared to 35% in
2013
The move to cloud expense
management is here:
Reference: Certify Annual Travel & Expense Management Survey 2014
The Divide Between Small Business & Enterprise
17%
67%
8% 8%
Pen & Paper - 17%Excel/Spreadsheets - 67%Home-Grown - 0%ERP - 8%Cloud/Web-Based - 8%
2%16%
8%
22%
52%
Pen & Paper - 2%Excel/Spreadsheets - 16%Home-Grown - 8%ERP - 22%Cloud/Web-Based - 52%
2%
29%
4%16%
49%
Pen & Paper - 2%Excel/Spreadsheets - 29%Home-Grown - 4%ERP - 16%Cloud/Web-Based - 49%
T&E Expense Management Trends
T&E Expense Management: Looking Forward
Within the next two years, how do organizations expect to manage T&E?
Pen & Paper Excel/ Spreadsheets
Home Grown Cloud/Web-Based ERP0%
10%20%30%40%50%60%70%80%90%
100%
2% 6% 5%
74%
13%
0% 0% 4%
89%
7%
SMBEnterprise
Reference: Certify Annual Travel & Expense Management Survey 2014
Thank you for your interest in this presentation. View the on-demand webinar or download the full
presentation at:www.Proformative.com
Taming the Travel & Entertainment Expense Beast: Benchmarks & Best Practices
