Expense management in corporate travel is the process of handling and controlling the costs associated with business travel. It ensures spending visibility and alignment with corporate budgets and policies.
Key aspects of expense management in corporate travel include
- expense reporting,
- reviewing the report and checking it against corporate travel policy,
- reimbursement, and
- cost control and analysis.
Many companies use expense management software to control travel costs and streamline reporting, reimbursement, and other related processes.