Just as you get the best security advice from an ex-hacker, take it from an old road warrior on how you can cut business travel expenses. Like any good business, lets focus on doing more with less, especially when it comes to business travel. If your first reaction is to cut business travel altogether, I warn against this approach 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 historically brought in $20 in extra profits. You will be super 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? Here are some ideas to better manage your travel costs.
These are just some of the ways we have witnessed our customers quickly recoup the costs of implementing our Expense Management solution. Have some suggestions of your own?
Mike Marcin, DynamicPoint – SharePoint Expense & Requisition Management applications built exclusively for the Microsoft Dynamics community.