The Travel and Expense Management Leader's Survey on Expense Management Uncovers a Two-Year Trend of Companies Spending More on Business Travel
PORTLAND, ME--(Marketwired - March 13, 2014) - Leading cloud-based travel and expense management software provider Certify announces the results of its Business Travel Expense Trends report, conducted in February 2014. The survey, which polled hundreds of finance executives and business travelers at companies of all sizes in North America, indicates that business travel is on the rise. A majority of respondents across all company sizes (58%) spent more on travel in 2013 compared with 2012. In 2014, nearly half (49%) of all respondents say they will spend slightly more on T&E, while 30% say they will spend the same.
"If business travel is a barometer of the economy, these results are positive, showing that companies are loosening the reins on operational expenses," says Robert Neveu, CEO of Certify. "Most surprising was the level of investment at SMB companies, in which one third of small companies are spending more than $50,000 annually on T&E, while 41% of midsize companies are spending $500,000 and up. Despite the advent of widespread availability of remote collaboration and conferencing tools, companies still value face time when it comes to doing business."
Survey Highlights
(Full survey results available online here)
Spending trends by company size
The survey also looked at processes and pain points behind travel management.
Highlights include:
About Certify
Certify is the leading online travel and expense management solution for companies of all sizes. Organizations worldwide book travel and complete expense reports quickly, easily and cost effectively using Certify cloud and mobile applications. For more information about Certify please call 207.773.6100 or visit http://www.certify.com.
Contact Information:
Media contact:
Kevin Wolf
TGPR
(650) 327-1641
kevin@tgprllc.com