Developing a Plan Checklist for Finance Managers ❏ Recapture dollars. Be sure your system is automating ❏ Keep it dynamic. Ensure your expense policies and the processing of unused tickets. approvals processes are flexible enough to adjust to changing conditions, such as allowing for unexpected ❏ Consider ESG. Sustainability can be a focus of spend expenses on the road. Delays could lead to a management as well as travel, and that can only help bogged-down finance team or lengthy with reputation management. Start by rethinking your reimbursements for employees. procurement processes and prioritize suppliers with more sustainable track records. ❏ Don’t forget fraud. Be sure to monitor your spend management system for fraud, whether it’s intentionally fraudulent activity or simply accidental out-of-policy spend. An automated, AI-driven system can help.
11 Secrets for Managing the Risks of Business Travel Through 2022 Page 14 Page 16