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Tips for Cutting T&E Expenses

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The practice of doing more with less is ideal for all businesses, especially when it comes to business travel. However, the knee-jerk reaction to cut business travel altogether is something I warn against as it is most likely going to have a greater negative impact on your company’s revenue than the corresponding cost savings.  Historically, every dollar invested in business travel has brought in $20 in extra profits. You will be especially challenged to find another investment in this day and age that will yield similar returns.

So if we are in agreement that travel is an expensive but necessary evil required to grow sales, how do we make the trips happen without breaking the bank?  Click here for some ideas to better manage your travel costs.

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By Mike Marcin, DynamicPoint – SharePoint Expense, Invoice & Requisition Management applications built exclusively for Dynamics GP & NAV.

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