travel expense management

Travel expense management involves the process businesses use to plan, track, and control costs related to employee travel. It includes setting travel policies, approving expenses, and reimbursing employees for costs like transportation, accommodation, meals, and incidentals. The goal is to ensure responsible expenditure, maintain budget control, and ensure accuracy through documentation and reporting. Efficient management helps prevent overspending, reduces reimbursement errors, and streamlines administrative tasks, allowing companies to monitor travel costs effectively and support employees during business trips.