forked from SSWConsulting/SSW.Rules.Content
-
Notifications
You must be signed in to change notification settings - Fork 0
Commit
This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository.
- Loading branch information
1 parent
33e65ff
commit 1910fc3
Showing
1 changed file
with
51 additions
and
0 deletions.
There are no files selected for viewing
This file contains bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
Original file line number | Diff line number | Diff line change |
---|---|---|
@@ -0,0 +1,51 @@ | ||
--- | ||
type: rule | ||
title: "Do you manage travel in centralized systems?" | ||
uri: manage-travel-in-centralized-systems | ||
authors: | ||
- title: Jimmy Chen | ||
url: https://www.ssw.com.au/people/jimmy-chen | ||
related: | ||
- do-you-know-how-to-claim-expense-reimbursements | ||
- do-you-take-advantage-of-business-rewards-programs | ||
- do-you-make-business-travel-easie | ||
redirects: | ||
- travel-management-in-centralized-systems | ||
created: 2024-02-22T00:00:00.000Z | ||
guid: aefbe7e0-1909-42de-8d7d-d8fdf029b003 | ||
--- | ||
|
||
When employees need to travel between offices or various locations, | ||
they typically require accommodations, flights, transportation, and other necessities. | ||
Managing these bookings, obtaining approvals, and handling tax invoices can be both costly and administratively burdensome. | ||
|
||
Imagine the scenario of scheduling a trip six months in advance, to deal with tax invoices after the journey. | ||
Now multiply this complexity by managing numerous reservations concurrently. Orz, it becomes quite overwhelming! | ||
|
||
In a dynamic business environment, effectively managing travel expenses is paramount for organizations striving to optimize costs while maintaining compliance and operational efficiency. | ||
Utilizing centralized booking platforms can significantly alleviate these challenges. | ||
|
||
### Example of centralized travel systems: | ||
|
||
* Accommodation – [Trip.com](https://www.trip.com/) | ||
* Flight – [Qantas Business, Virgin Business](https://www.ssw.com.au/rules/missing-flight-invoices/) | ||
* Uber – [Uber for Business](https://www.ssw.com.au/rules/do-you-make-business-travel-easier/) | ||
|
||
It is important to establish appropriate access levels and securely share login credentials using tools like Keeper. | ||
This ensures that administrators and accountants can efficiently manage documentation and expenses. | ||
|
||
![Figure:❌ Bad example - Book a hotel using company money without a system](manage-travel-1.png) | ||
|
||
![Figure:✅ Good example - All bookings can be found on a centralized place](manage-travel-2.png) | ||
|
||
By consolidating all travel expenses into a unified platform, businesses can achieve greater visibility, tighter compliance, and significant cost savings. | ||
|
||
Centralized travel management system offers several critical advantages for organizations: | ||
|
||
* **Streamlined Processes**: Centralization simplifies travel expense procedures, reducing manual tasks and inefficiencies. | ||
* **Control & Compliance**: Ensures adherence to travel policies and regulations, minimizing risks and ensuring consistency. | ||
* **Insightful Reporting**: Real-time data provides visibility into travel spending, facilitating informed decision-making and budget planning. | ||
* **Fraud Prevention**: Automated validation checks and approval workflows help detect and prevent fraudulent expenses. | ||
* **Cost Efficiency**: Centralization reduces administrative overhead and unnecessary spending, leading to cost savings. | ||
* **Scalability & Flexibility**: Systems can adapt to changes in travel requirements and organizational growth, ensuring continued efficiency. | ||
|