Some figures to get you thinking
The Aberdeen Group are
authorities on travel and expense management research around the world, so when
they say that nearly half of UK-based businesses want to reduce the time
employees spend on entering expenses (52%), the figure is plausible. What is disheartening,
however, is that according to the same report
only 28% of UK-based businesses have real-time visibility into travel and
expense (T&E) spending against budget. Furthermore, only 32% of UK-based
organisations are reporting regularly on policy compliance
The figures resonate with those revealed earlier this year by the UK
Benchmark Report which showed that although UK companies have an interest
in reducing expenses costs (subordinates made 16% fewer claims this year than
last) there is still a way to go for compliance. According to the Benchmark
Report, 10% of the claims approved by managers are out of policy, but only 2%
of these are queried or rejected.
Lessons from the latest guide
Fortunately, the Aberdeen report, entitled “A
Travel and Expense Management Guide for UK Businesses” goes further. It
does more than claim that expense management capabilities
in UK-based companies are ‘weak,’ it also provides an authoritative perspective
on: the use of travel and expense management technology in the UK; the
importance of utilising mobile
technology; and the rise of analytics; as well
as suggesting solutions for improvement.
According to the Aberdeen report, best-in-class organisations are
driving true value by:
- Using technology to enhance T&E management processes
- Developing measures to improve corporate T&E policy compliance
- Leveraging analytics to gain true actionable intelligence into T&E spending.
The lessons are clear for small to medium-sized businesses as well:
- Standardise your expense management processes
- Automate processes to reduce the gaps
- Make analytics (and business intelligence) a priority.
Annapurna Panorama Trek will give you a wonderful introduction to trekking in Nepal – at comfortable altitudes. The paths cross streams and waterfalls from the glaciers and snow fields high above and will take you through terraced farmlands, magnificent rhododendron, oak, maple and bamboo forests. From the ridges your will get spectacular views of the 6000-8000m snow clad peaks of Annapurna region.
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The adventure begins with a 200km, 5-6hrs. drive from Kathmandu through hilly forest and agricultural scenery to the holiday playground of Pokhara which nestles between the beautiful Phewa Lake and the 80km Annapurna Himal.
Makalu base camp trek
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Gokyo trek
Everest view trek
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