Travel related expense represents the second largest cost pool for most organizations, just behind salaries, and is a fertile ground for employee fraud. Growing emphasis on cost containment combined with a regulatory business environment has provided the impetus for accounts payable professionals to take a critical look at increasing business travel and escalating travel costs. Our research reveals that businesses are turning to Travel and Expense Management (TEM) solutions that streamline the expense reimbursement cycle to control costs proactively and to eliminate the inefficiencies inherent to manual, paper-based processes.

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PayStream Advisors actively works with corporate managers to provide them with deep insights and neutral viewpoints about available solutions in the market.

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This report is written to provide accounts payable professionals insights into TEM solutions and enable them to distinguish among vendors in this space by detailing the solutions they offer. Following an introduction to the TEM automation process, seven identically structured solution profiles provide specific information about individual TEM vendors and solutions. The report concludes with analytical insights that will help the reader compare and contrast across all of the vendors and solutions.

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