Wednesday, February 29, 2012

Airlines Continue to Raise Fares

Unfortunately for many businesses, airline price hikes have become an ever-present theme over the past few years. The tumultuous fuel costs are very much to blame for the added fees and changing flight patterns as airline companies look for ways to compensate for their most exorbitant expense. 

Check out this great article discussing rising costs and the struggle airlines are facing: http://bit.ly/zbWR5s

How is your business planning on dealing with rising fuel prices? Cut backs on travel? Implementing new travel regulations? Let us know!

Monday, February 27, 2012

Political Candidate Receives Hefty Expense Reimbursement

The Washington Post recently addressed the expense reimbursement information of Republican presidential candidate, Newt Gingrich.  The presidential hopeful's campaign reimbursed him for travel-related expenses totaling more than $300,000, drawing significant attention from the Federal Election Commission. 

By utilizing an automated expense management system such as ExpenseAnywhere, Gingrich's campaign would have been able to easily track additional details and quickly create reports on all employee travel.  Such data could have helped to ease suspicions and clarify where the campaign money was being spent. 

Check out the full Washington Post article here: http://wapo.st/wSCYrw

Wednesday, February 22, 2012

Crude Oil Prices Posied to Rise and Affect Air Travel...Again

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Monday, February 20, 2012

The Changing Business Travel Environment

Check out this latest article from Flightglobal:

http://www.flightglobal.com/news/articles/adapting-to-the-changing-relationships-between-tmcs-gdss-and-coprorate-buyers-368515/

Regardless of how a company goes about booking their travel, an expense management solution such as ExpenseAnywhere, can significantly benefit how that company organizes and reconciles their travel expenses.  Improving efficiency while saving time and money.

Friday, February 17, 2012

Europe's Economy Could Affect U.S. Business Travel

With the world's economy becoming more interdependent than ever before, changes in the EU could cause significant side affects on the U.S.  Tim Devaney of the The Washington Times interviews senior members of the GBTA (Global Business Travel Association) to gather their opinion as to how a European crisis would affect business travel and related industries in the U.S.  To read more, check out the article here: http://www.washingtontimes.com/news/2012/feb/16/european-woes-would-hurt-us-travel-industry/

Wednesday, February 15, 2012

Great Advice For Frequent Business Travelers

Amanda Cook of The Next Women Business Magazine provides great tips to all business travelers on how to  ease the traveling process by making it a healthier and more stress free experience.  You can check out her helpful tips and tricks here: http://www.thenextwomen.com/2012/02/14/five-key-tips-healthy-business-travel

What do you do to relax on a business trip? Let us know!

Friday, February 10, 2012

Chicago Airport, Next on TSA PreCheck Program

The Chicago Tribune recently announced that O'Hare airport will soon be added to the growing list of airports that will be able to offer expedited security screenings for certain passengers that are part of the TSA's trusted-traveler program.  To read more on the story, check it out here:  http://www.chicagotribune.com/business/ct-biz-0209-tsa-checks-20120209,0,3692910.story

Wednesday, February 8, 2012

ExpenseAnywhere Announces Ghost Card Module to Help Companies Reconcile Centrally Billed Travel and Expense Accounts

ExpenseAnywhere, a market leader in integrated travel and expense management solutions, announced the release of their Ghost Card Module to empower clients to track, allocate, reconcile and manage the travel-related expenses charged to their centrally billed accounts or “ghost cards.”  With this functionality, ExpenseAnywhere is bringing total automation and transparency to the management of ghost card spending, which is an otherwise daunting and arduous task for most accounts payable professionals. 

More and more businesses are utilizing centrally billed accounts or ghost cards to pay for their employees’ and visitors’ travel expenses. However, managing such expenses is a dreaded and time consuming task for accounting departments and has become a serious concern for many corporate CFOs.  Typically, ghost cards have simplified the purchasing of travel inventory; however, managing such expenses has become increasingly difficult.  To address this market need, and the requirement of its growing roster of clients utilizing centrally billed accounts for travel, ExpenseAnywhere added this functionality to their already robust and easy-to-use web-based travel and expense solution. The ghost card functionality effectively automates the flow of information and automatically assigns expenses to the appropriate users or their aliases to seamlessly achieve 100% allocation and reconciliation of the data in a few clicks.

The Ghost Card Module seamlessly integrates with ExpenseAnywhere’s Intelligent Reporting feature, which automatically matches booked itinerary data with credit card data, irrespective of whether it is a corporate card, a ghost card or a personal card, to create an Intelligent Expense Report, ready for submission. 

“With the addition of the Ghost Card Module to our ExpenseAnywhere solution, our clients can feel assured that their TMC accounts are fully reconciled and properly allocated instantly, easily and efficiently. Most companies have limited visibility into such spending and their accounting departments are faced with a daunting task of reconciling their ghost card charges. With our ghost card functionality, they achieve complete transparency and control on such spending,” says Ashok Dhar, CEO of ExpenseAnywhere.

With this latest announcement of their Ghost Card Module, ExpenseAnywhere continues to deliver robust solutions that add value and provide phenomenal return on investment for their clients as well as improved operational efficiencies.  

Tuesday, February 7, 2012

Corporate Travel Policies Need a Second Look

According to an American Express survey, there appears to be a large gap in corporate travel policies regarding how companies address current travel practices such as the use of mobile phones.  http://www.tnooz.com/2012/02/06/mobile/american-express-survey-finds-huge-mobile-gap-in-corporate-travel-policies/

It appears that many companies are lacking an up-to-date expense management system including proper corporate policy tracking.  With an automated system such as ExpenseAnywhere, companies would be able to  have their corporate policies easily installed into the software.  Such policies would also be easily modified should any adjustments to corporate policies take place.

Friday, February 3, 2012

Growth for European Airlines

Despite a financial crisis that shook Europe during the second half of 2011, Air and Business Travel News reports steadied growth mixed with a continued concern about profitability for European airlines . You can check out the full article here: http://www.abtn.co.uk/news/0216912-european-airlines-boosted-%E2%80%98robust%E2%80%99-business-travel

How do you think airlines will fare in 2012?

Thursday, February 2, 2012

Outrageous Expense Charges Revealed

The Gulf Coast Business Review, recently published this article, http://bit.ly/zubkNY, where it surveyed CFOs nationwide to discover some of the most outrageous purchases charged to corporate expense accounts. 

With expense management automation, many of these complications can be avoided.  At a company such as ExpenseAnywhere, corporate policies can be easily integrated into the expense management system, where out-of-policy charges are immediately flagged and then sent to approvers for further review.  Thus expense management automation can reduce corporate fraud associated with expense spending.

Check us out for more information! http://www.expenseanywhere.com/