Financial leaders are always looking for areas to cut costs, so they can improve the bottom line. Often, the choices are tough and the problems complicated to fix. But sometimes, inefficiencies are hiding in plain sight.
Travel and expense line items are a great place to look. Travel and expense is a complex, ongoing area of spend-ing that’s difficult to track. With an average of 10% of the business budget devoted to travel and expense, that spending is low-hanging fruit when it comes to managing expenses—and unlocking savings.