Globalization has helped organizations expand their business to regions far and wide. This meant that with the expansion the area of jurisdiction for the management also widens making travel across regions and globetrotting between distantly located offices becomes a must for the key professionals. Besides these the corporate offices also needs to track and manage the expenses incurred at these distant locations.

1. Digital Management of Business Travel Expenses
Globalization has helped organizations expand their business to regions far and wide. This meant that
with the expansion the area of jurisdiction for the management also widens making travel across regions
and globetrotting between distantly located offices becomes a must for the key professionals. Besides
these the corporate offices also needs to track and manage the expenses incurred at these distant
locations.
A single source Business travel management system is thus necessary for the organizations manage the
overall corporate travel. Providing these global organizations with an anytime anywhere expense
management process which can be accessed via the web will help to minimize the overall corporate
expenses. The advent of the cloud process has paved way for the automation of various processes in the
value network including that of travel expense management.
Besides providing end-to-end visibility of business information at operational, tactical and strategic levels,
these cloud process based tools help the global organizations in achieving their financial goals too. This
facilitates a digitally managed environment.
The new age business travel expense solutions being a web based cloud process allows effortless
integration of the travel providers into a single network and facilitates easy management of the travel
booking and invoice handling. Further, it also integrates the profiles, delivery notes, travel account
transactions and reimbursements of the travel providers, banks, suppliers and also synchronizes these
with the back office operations of the organizations. This paves way for lower travel administration
expenses and a quicker turnaround time for business travel expenses.
Unlike the traditional expenses management software, the innovative business travel expense
management software based on the cloud technology has a built-in master data management system
with ten essential elements. Of all the 10 elements, business process management, Cloud process tools
for end-users, information monitoring and management, Business process network, cloud process
hosting, operations and support and performance management, cloud process customization are a few.
Today with such innovative technology, business travel management has changed into a completely
digital management process. The leading service providers of the industry have also added few modules
such as Travel Profile Manager, Travel Request Manager, Travel Booking Manager, Card Expenses
Manager, Expense Report Manager and Travel Invoice Manager for complete optimization and
automation of the business travel expenses. Besides the operational simplicity, this software brings about
enhanced control and minimization of the expenses across regions, minimization of lead times and a
highly satisfied customer base.

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