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          Finally! The trick to securing greater T&E compliance
          Benefits
          Rooting out folks who don’t belong on your health plan: A 6-point dependent audit checklist
          IT
          3 costly misconceptions about biz email compromise
          Credit and Collections
          Collecting via email: 4 must-make moves in your subject line
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          5 Tough-to-spot signs that an invoice is fake
  • PREMIUM CONTENT
        • Staff management
          120 Proven Communications Tips for Today’s CFO
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          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
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          T&E Best Practices: Complete Guide to Ensure Compliance
          Payroll
          Payroll Best Practices: 4 Ways to Save Time and Money
        • Staff management
          Email Best Practices: A 6-Question Quiz
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          Innovative Communications Strategies: An Email Case Study
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Simple tactics to curb T&E spending

Jared Bilski
by Jared Bilski
December 29, 2009
1 minute read
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Whether it’s your salespeople courting prospective clients or staffers attending important industry conferences and seminars, T&E plays an important role in most firms.

Here are a few simple tactics to help make T&E costs more manageable:

  • Require more approvals. Many firms take a blanket approach to T&E spending and approve just about every request that comes through. But a closer look at T&E requests can net some serious savings.
    Example: Adding a second-level manager for approvals on all air travel — or having executive management pre-authorize all business trips. The added level will prohibit employees from requesting unnecessary extras. Approvals from influential decision-makers translate into more prudent T&E spending.
  • Alternatives to trade-shows. Many firms rely on industry trade shows to bring in business. But companies that can’t afford to pay top dollar for prime floor space can still reap trade show caliber benefits.
    The alternative: Renting hotel suites at $300-$400 a room. On top of hundreds of dollars in savings (money that could be spent doing more to attract key prospects), the more personal setting gives companies a competitive edge.

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