U.S. Bank's Mary Miklethun was recently featured in a Business Travel News' Small and Medium Enterprise article series. In it, Miklethun describes how automated expense-management tools can help small and medium enterprises better manage their travel spend.
An excerpt from the article at the above link is included below:
While a card program helps businesses capture data by noting what and where travelers are spending, U.S. Bank travel product manager Mary Miklethun said that "even with that data, oftentimes the numbers don't add up to enough spend to give them opportunities to negotiate rates with preferred suppliers."
However, Miklethun said companies can adopt other tactics to manage travel spend, including implementing an automated expense reporting tool. Integrating an expense tool with a corporate card or a one-card—which combines at least two commercial card products—makes it easier for travelers to use the card and file expenses, she said.
"You don't necessarily need to hold off points," Miklethun explained. "It's more about making their life easier so those transactions are already populated in the software and they don't have to hand-key and manage receipts to do expense reporting."