Tuesday, January 31, 2012

Flying to New York: The Problems and Potential Solutions

With New York City air space being the most sought after flying territory in the country, delays and overcrowding are just some of the side effects that passengers are forced to deal with when traveling by plane.  Charisse Jones, USA Today, provides a great overview of what's being done to combat the many problems currently facing airlines in New York. http://www.usatoday.com/money/industries/travel/story/2012-01-30/Skies-over-New-York-remain-gridlocked/52893264/1

Friday, January 27, 2012

GBTA France Announced

Congratulations goes out to those at the Global Business Travel Association on the newest European branch of their organization, GBTA France. You can read more about announcement here: http://www.incentivetravel.co.uk/agency/5307-global-business-travel-association-to-launch-gbta-france

Wednesday, January 25, 2012

Positive Expectations for 2012 Business Travel

The following article by Travel Agent Central breaks down a number of specific aspects of business travel and how those areas are expected to be affected throughout the duration of 2012.

The predictions look positive from here, but let us know what you think business travel will be like for the rest of 2012?

Wednesday, January 18, 2012

PPSA Making Headlines in the New York Times

Just this past Monday, an article appeared in the New York Times, which discussed the implications of the Physician Payment Sunshine Act including the predicted affect it will have on the medical industry.  http://www.nytimes.com/2012/01/17/health/policy/us-to-tell-drug-makers-to-disclose-payments-to-doctors.html
As a leader in travel and expense management automation, we have to be prepared when new regulations, such as these, are unveiled that affect the way in which we report customer data.  

Will you be affected by this new government regulation or have thoughts on the topic? Let us know!

Tuesday, January 17, 2012

Federal Report Assesses Business Travel Environment

Business Travel News summarizes the federal report recently released concerning the business travel environment throughout numerous U.S. cities.  The summary can be viewed here: http://www.businesstravelnews.com/Business-Travel/Fed-Report--Atlanta,-San-Francisco-Seeing-More-Business-Travel-Activity/?a=mgmt

Has the current economy affected how your business travels? We'd love to hear your story.

Thursday, January 12, 2012

Business Travel and Leisure to Combine

According to Air and Business Travel News who discusses Amadeus's most recently commissioned report, "the emergence of the ‘business tourist’ would be one of the six key trends in the travel industry that it has identified over the next few years." You can check out the full article here: http://www.abtn.co.uk/news/1216802-business-travellers-set-combine-work-leisure

Do you think more and more business travelers will begin to combine their business trips with leisure activities? Let us know what you think!

Tuesday, January 10, 2012

2012 Business Travel Predicitions

With a rocky 2011 having recently come to a close, business travel in 2012 won't be completely smooth, but it will definitely offer travelers some new features and benefits.  http://www.foxbusiness.com/travel/2012/01/09/year-ahead-for-business-travelers/

Wednesday, January 4, 2012

ExpenseAnywhere Announces Functionality to Assist Healthcare Clients with Sunshine Act Compliance

January 4, 2012ExpenseAnywhere announced the release of its Sunshine Act Compliance (SAC) Module to aide its clients in the pharmaceutical and medical device manufacturing industries to comply with the complex regulatory requirements of the Physician Payment Sunshine Act, (PPSA) which goes into effect as of January 2012.  

The complex requirements are designed to give patients greater visibility into the relationships doctors have with various drug manufacturers and medical device companies, by requiring very specific payment details to be reported through electronic yearly federal filings with the United States Department of Health and Human Services (HHS).  All payments including such categories as meals, gifts, in-kind contributions, and speaking fees, must be reported by the first payment date which is due on March 31, 2013.  All reported information will then be posted to the department’s website for public viewing. Failure to report these items (either intentionally or by mere oversight) will result in significant monetary penalties ranging from $1,000-$10,000 or $10,000-$100,000 per transaction, as deemed by the HHS.  

As a result of the stringent rules required for reporting, many companies will need to look internally to see where and how their current expense management and financial systems have to be updated in order to fully comply with these new federal regulations.  For companies still using paper-based systems, automation of their current expense reporting processes has become extremely critical in helping them to properly comply.  This is why ExpenseAnywhere, a leader in travel and expense automation, has taken the first step towards aiding companies in the healthcare field with their transition.  

ExpenseAnywhere with its SAC module offers their clients a better way of managing these new regulations within their travel and expense management system.

ExpenseAnywhere SAC features include:

·         Proactive controls of the T&E system incurred with the health care provider (HCP)
·         Customizable categories of PPSA required data
·         Health Care Provider (HCP) tracking with cost limitations
·         Alerts created for HCP spending
·         Filtering and reporting capabilities of all HCP data

Expense reporting details can vary from company to company, so current solutions need to be capable of adhering with company-specific needs, as well as federal and even state-specific requirements.  ExpenseAnywhere takes pride in their ability to fully customize their products to meet the needs of their customers, which is why they are proud to announce that their ExpenseAnywhere Expense Management Solution is PPSA compliant.

GBTA Continues Expansion

As a participating member in the 2012 GBTA Convention in Boston, we are excited for the continued expansion of the GBTA.  Congratulations to all of those involved!