The manufacturing and distribution industry is highly competitive which can lead to slim profit margins. Before sending your sales team into the field, arm them with the technology to control travel spending, including two big-ticket items that can burn budgets and profits quickly. With a new focus on travel expense management, you can find ways to save and stretch tight profit margins.
Few businesses have extra money to spend without regard to budgets or profits, and those in the manufacturing and distribution industry must be very diligent about controlling spending. However, if your team relies on paper-based expense reporting, you may be putting spending at risk. Check out the eBook, Integrating Travel into Your Expense Management, to learn just how quickly airfare, hotel, and other travel expenses can add up. As discussed in the eBook, managers are often the last to know when these expenditures take place – specifically when your traveling employee returns to the office and starts compiling receipts into a paper-based expense report. Get ahead of spending and protect thinning profit margins by deploying a better travel expense management solution.
Employees often book accommodations based on convenience and their choices may not adhere to corporate guidelines. TripLink is an app that allows travelers to make accommodations right from their smartphone or tablet, choosing from an array of options that you can determine. They can book with preferred vendors, such as hotel chains with which you have negotiated better rates, or choose alternative accommodations based on designated price targets. This flexibility offers the convenience desired by your travelers while also providing control over travel spending.
TripLink seamlessly connects with expense reporting systems to offer greater visibility into travel expenses. You can identify trends in spending and use that information to cut additional costs and prevent wasteful spending. For instance, you may identify other vendors willing to offer better rates for hotel, transportation, and other common travel expenses. With better rates, your team can adjust budgets or pricing for the products or services you provide.
Send your key employees on the road with the confidence that travel-related expenses are under control. Explore technology integrations at the Armanino marketplace to discover more ways to keep your business running smoothly, and remember to view Integrating Travel into Your Expense Management to learn how to control budgets and protect profits with TripLink.