Many enterprises use travel and expense (T&E) management solutions to streamline employee spend management and accelerate payments. However, in the wake of the COVID-19 pandemic, companies require even more from their T&E solution to provide a holistic view of employee spend, meet regulatory requirements, maintain duty of care, and in many cases to support the reinvention of the business. Your T&E solution needs to be able to keep pace and deliver a total experience across the organization while addressing the growing need for visibility and data management.
As business travel rebounds from the COVID-19 pandemic, it is becoming more complex with many more factors to consider. Safety and well-being of employees will play a much larger role, as will pre-trip approvals and the new mix of payment and expense types. As a result, businesses will need software tools to cope with new aspects of business travel and employee spending.