Cost reduction, efficiency creation and policy compliance were listed as the top reasons why UK travel managers would look to implement an end-to-end travel and expense solution, according to a recent survey undertaken by ITM and Traveldoo.
The results, published in a white paper and launched this week highlighted the value of technology to drive operational excellence. The study focused on three main areas - end to end solutions, the ultimate vision of the future regarding travel and expense management and the expanding role of the travel manager in shaping this vision.
- 84% of travel managers surveyed have different technology systems for T&E and of these only 17.5% are integrated.
- Only 22.5% had implemented an end to end travel and expense solution. 34% of those who hadn't were planning to do so.
- In 65% of organisations surveyed, it was other departments and not the travel manager who proposed the introduction and implementation of an end-to-end travel and expense solution.
The study found that in all cases the successful implementation of an end-to-end solution needs engagement with other departments including finance, expense management, IT, HR, Audit, Risk, Security and internal communications.
The ultimate vision was identified as the point of complete integration with ‘bells on’. A T&E solution that is fully integrated across the organisation and Enterprise Resource Planning (ERP) system so that the end-to-end process is fully automated and all stakeholders have visibility of the traveller and the data.
A full copy of the white paper can be downloaded by clicking on the button below.