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May 22, 2020

Path to Business Recovery for CFOs

The TripActions Team

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Companies have witnessed a dramatic shift toward employee safety and cutting costs in light of the COVID-19 pandemic. This unprecedented era has shed light on the importance of rebuilding business travel policy, strategy, and technology stacks amidst rapidly changing business travel situations.

TripActions recently sponsored a webinar to discuss the path to recovery in a post-COVID world and the key steps businesses must take in order to safely send employees on the road again.

Chris Kramer, chief accounting officer for Okta joined Ram Bartov, EVP and corporate controller for TripActions, and Desiree Ma, senior product marketing manager for TripActions, for a discussion around these all-important topics.

The webinar is now available on demand. Here’s a look at what you can expect from the webinar:

Travel in Business Continuity

Business continuity often requires travel--so it’s essential to create a contingency plan and have the ability to rapidly adapt when unexpected events arise. This helps to ensure your organization is resilient in the face of business travel disruptions that may have a significant impact on business operations and employee safety.

According to Oxford Economics, there’s a proven correlation that every $1 of travel spend roughly equates to $12.50 in incremental revenue lift, which indicates that business travel cannot and should not be swept under the rug in the face of disruption and uncertainty.

Despite that reality, 43% of this webinar’s attendees reported that they don’t have a plan in place for returning to travel post-COVID. Companies need to be able to see where employees are and what travel they’re booking to ensure their safety--but that up-to-date information is impossible to find and verify if bookings are made outside of a designated platform.

How TripActions Can Help with Recovery

Data is arguably the most important tool to help companies through uncertainty and implement necessary policy changes and allow for business continuity. TripActions is a data-centric travel and expense solution that gives businesses all the tools they need to run a healthy and safe corporate travel program.

Check out a recording of this webinar to hear more about what organizations must do to recover business in the coming months with the power of business travel.

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