Companies lose up to 140 billion euros in expenses and travel management due to a lack of control or proper accounting. One of the great challenges facing finance teams is to optimize, simplify and make expenses more cost-effective for their businesses.
Ensuring compliance with travel and expense regulations is a challenge for companies. As economic uncertainty persists and ways of working evolve, companies face new risks. Failure to comply with corporate policies has consequences: according to the Association of Certified Fraud Examiners (ACFE), an estimated 5% of company revenue is lost each year due to fraud in general.
The efficient management of corporate travel has become a crucial aspect for any organization seeking to optimize its financial resources and maintain its competitiveness in a globalized and dynamic market, as well as to improve its employees' experience.
The work of travel managers goes far beyond buying airline tickets for employees; they ensure that travel is done in a cost-effective, safe and cost-efficient manner. To do this, they must compare and choose the best suppliers, taking sustainability criteria into account, in addition to managing budgets for each trip. For this reason, their figure is fundamental in companies and a guaranteed success factor if they want to remain competitive in the future.
Because they are made up of companies with different typologies in terms of sectors, size and internal processes, business groups have specific particularities and needs, as is the case of corporate travel management. Many of them have a large number of employees who develop diverse activities with a great mobility and displacements for business trips.
If there is a problem with your baggage, the most important thing is not to leave the airport without filing a claim at the airline's baggage counter or the baggage service provider's counter. A Baggage Irregularity Report (PIR) must be completed and you will receive a reference number. When completing this procedure, try to provide as much information as possible and a detailed description of both the baggage and its contents.