Has the administration of business travels gotten too large for your HR department or tax office to handle, or has your company grown from a mom-and-pop business to a multinational corporation with mobile staff? When the time is right, a business travel organization program should be put in place. The blueprint that businesses use to effectively manage business travel and entertainment and travel (E&T) expenses is called corporate travel management (CTM). CTM programs supervise, plan, and handle corporate travel from beginning to finish, taking care of tasks including authorizing and making hotel and aircraft reservations, controlling business credit card usage, ensuring staff adhere to corporate travel guidelines, and maintaining records. The operation of corporate and small company travel management programs, is explained in this blog, along with how a business travel agent may help organizations that prioritize both domestic and international travel.
