Globalization has helped organizations expand their business to regions
far and wide. This meant that with the expansion the area of
jurisdiction for the management also widens making travel across regions
and globetrotting between distantly located offices becomes a must for
the key professionals. Besides these the corporate offices also needs to
track and manage the expenses incurred at these distant locations.
A single source Business travel management system is thus necessary
for the organizations manage the overall corporate travel. Providing
these global organizations with an anytime anywhere expense management
process which can be accessed via the web will help to minimize the
overall corporate expenses. The advent of the cloud process has paved
way for the automation of various processes in the value network
including that of travel expense management.
Besides providing
end-to-end visibility of business information at operational, tactical
and strategic levels, these cloud process based tools help the global
organizations in achieving their financial goals too. This facilitates a
digitally managed environment.
The new age business travel expense solutions being a web based cloud
process allows effortless integration of the travel providers into a
single network and facilitates easy management of the travel booking and
invoice handling. Further, it also integrates the profiles, delivery
notes, travel account transactions and reimbursements of the travel
providers, banks, suppliers and also synchronizes these with the back
office operations of the organizations. This paves way for lower travel
administration expenses and a quicker turnaround time for business
travel expenses.
Unlike the traditional expenses management
software, the innovative business travel expense management software
based on the cloud technology has a built-in master data management
system with ten essential elements. Of all the 10 elements, business
process management, Cloud process tools for end-users, information
monitoring and management, Business process network, cloud process
hosting, operations and support and performance management, cloud
process customization are a few.
Today with such innovative
technology, business travel management has changed into a completely
digital management process. The leading service providers of the
industry have also added few modules such as Travel Profile Manager,
Travel Request Manager, Travel Booking Manager, Card Expenses Manager,
Expense Report Manager and Travel Invoice Manager for complete
optimization and automation of the business travel expenses. Besides the
operational simplicity, this software brings about enhanced control and
minimization of the expenses across regions, minimization of lead times
and a highly satisfied customer base.
By Brian Warren
http://www.sooperarticles.com/
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