T&E

T&E stands for “Travel and Expenses” and encompasses the operational costs that are associated with business travel.
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What is T&E?

From the moment a business trip is booked to the end of a traveler’s journey, a number of expenses can occur. T&E is the umbrella over the majority of these transactions and may include:
  • Airfare
  • Car rentals
  • Rideshare and ground transportation
  • Lodging
  • Meals
  • Entertainment
  • Upgrades
  • Business communications
  • And more
Defining how much a company spends on T&E can help financial leaders to plan strategically when implementing good expense management policies. By understanding where employees are likely to spend and improving the process of handling T&E, companies can implement expense policies that save time and money. Modern T&E software also ensures documents and receipts don’t go missing, approvals are tracked effectively, and accounting errors are squashed. By implementing a solid T&E management system, leaders can gain greater visibility and control that help employees submit more compliant expenses and ensure faster reimbursements.
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