This document announces a webinar on benchmarking travel and entertainment expenses and identifying trends to improve budgeting and management of T&E spending. It provides learning objectives of benchmarking key expense categories, recognizing current and emerging automation trends. Featured speakers are the president of an expense management software company and a travel auditing and consulting firm CEO. An introduction is given for each company and statistics are presented on the size of the T&E market and how employees typically spend the budget.
2015 T&E Expense Benchmarking: Are Your Employees Splurging on the Company Dime
1. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
2015 T&E Expense Benchmarking:
Are Your Employees Splurging on
the Company Dime
2. • Benchmark key categories of your company’s travel and
entertainment expenses
• Identify how to Improve the budgeting, planning, and
management of your company’s T&E spend in 2015
• Recognize current and emerging trends in T&E
automation
After attending this event you will be able to:
Learning Objectives
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Welcome to Proformative
4. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
2015 T&E Expense Benchmarking: Are
Your Employees Splurging on the
Company Dime
Robert Neveu, President & Co-founder, Certify
Bradley Seitz, President & Chief Executive Officer, Topaz
International
6. Featured in:
About Certify
• Providing travel & expense solutions since 2008
• 64 languages, 140+ currencies, clients in 18 countries
• #1 highest rated expense management software on
G2Crowd, 4.8 out of 5 star rating
• Over 15 million expense transactions in 2014
• Processing over $5 billion/ year in expense reports
6
7. About Topaz International
As seen in:
• Global corporate travel auditing and consulting services
firm established in 1978
• Dedicated to finding a balance between cost savings and
service levels for managed corporate travel programs
• Clients include those with revenue as small at $1B up the
largest global firms (Typical T&E spend of $1M in air up to
over $200M annually)
• Independent assessments to accurately evaluate the
performance of corporate travel programs
7
8. The Importance of T&E
Reference: Corporate Card Benchmarking Survey, J.P.Morgan
Travel and entertainment (T&E)—second only to payroll as the largest
business expense, accounts for 10%-12% of total annual budget
$186,000,000,000
The projected amount North American companies will spend on travel and
entertainment (T&E) in 2015, according to a report by J.P. Morgan
8
9. Annual Spend on T&E
Reference: Certify’s Travel and Expense Trends Data, February 2014
0%
10%
20%
30%
40%
50%
60%
< $50k $50k - $499k $500k - $999k $1mm - $5mm > $5mm
Annual Spend on T&E
Small Business Mid-sized Company Large Enterprise
Less than 100
employees
101 – 999 employees More than 1,000
employees
9
10. How Employees Are Spending
Reference: Certify’s SpendSmart Report, Q2, 2014.
How the T&E budget is
being spent by business
professionals:
Meals Flight Hotel
Misc. Gas Cell Phone
Rental Car Taxi Office
Supplies
Shipping Tolls Parking
22% 16% 14%
13% 12% 6%
5% 3% 2%
2% 2% 1%
10
11. Thank you for your interest in this presentation.
View the on-demand webinar or download the full
presentation at:
www.Proformative.com
2015 T&E Expense Benchmarking: Are Your
Employees Splurging on the Company Dime