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Cost Control and Beyond
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- Abstract:
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This report certainly confirms that finance views travel management primarily through a cost-control lens. The possibility of savings will always get CFOs' attention, and there is no doubt that while controlling discretionary costs has been important to some extent, for many companies it has become paramount as fixed costs rise and economic uncertainty throws doubt on revenue growth.
The research reveals exactly where CFOs want travel managers to focus their cost-conscious energies. For example, IT systems that provide one view of travel spend, which supports corporate-wide leverage with suppliers, will find favour with finance. And we find that some CFOs do indeed look beyond cost when making travel decisions relating to the adoption of newer travel tools, productivity considerations and the green agenda.
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