Oct
28
Corporate travel from a financial perspective
in Resources by marcel van der laan
CFO Europe Research Services, in collaboration with Amadeus, have published the report ‘Cost Control and Beyond’. This report is referring to their study to determine whether Chief Financial Officers are satisfied with the level of savings delivered by corporate travel programmes in their company; Several CFO’s from international companies were asked to participate in a survey which resulted in concluding that less than 40 percent of CFO’s are indeed satisfied with the levels of savings delivered.
The full report can be downloaded here (pdf), following is a summary of the findings and conclusions.
The rise of online booking tools, price comparison sites and third party internet suppliers, as well as technological progress, have revolutionized corporate travel, leading to cost savings, more choice and more productivity for business executives. Chief financial officers, the decision makers within many companies, were asked whether they are aware of the opportunities corporate travel can take advantage of. Here are the key findings from the report;
