If you’re like many organizations with automated expense reporting, you are well aware of the advantages of improved visibility into travel expenses. Automated expense solutions not only provide insight, but also save valuable time for your travelers and finance team. No more keeping up with paper receipts!
Now you may be ready to expand on your existing solution. After all, how do you leverage all that data to move the needle and increase your ROI even more? As you contemplate next steps, take these five symbiotic considerations as starting points.
1. Taking it Global
Are you considering going global? If so, you’re probably aware that you will need to take a different and more sophisticated approach to your business practices.
One place to start is with your existing ERP software. Will it continue to meet your needs on a global scale? For example, an online booking tool that your team is happily using at headquarters, may not be widely used overseas which means foreign workers may need additional training. Your current booking tool might also not have the specific features you need overseas, as not every booking system shows all of your hotel and airline options or allows you to make changes within it.
In addition, different countries have unique IT and data security standards. You’ll need to review legal requirements such as cyber security, tax compliance and local labor laws with your expansion team and get input from each department to ensure you’re asking the right questions.