Travel expenses: how to cut on costs?

If travel costs are a major cost in your company, here are some tips to reduce these costs:

Set up a good Travel Policy with your employees
Anticipate your reservations to benefit from lower fares
Centralize bookings. It allows better control of expenditures and enables you to find out mutual purchases.
Regularly analyze trends and statistics on your travels
Negotiate agreements with airlines, railways, taxis, hotels or car rental companies. You will need to rely on a minimum volume of reservations, although other marketing arguments can also be taken into account.
Book online, there is always lower administrative costs
Report travel expenses to employees in order to reponsibilize them
Finally, educate your employees on use of videoconferencing. Besides economic gain, these systems represent an environmental argument.

Bridgewater Consulting