Snow College’s latest travel policy included new, logical restrictions.
For example: Employees would be reimbursed only for for hotel stays on days that matched an event’s agenda, and they could no longer expense a first-class airline seat.
The Utah college got lots of comments—about three-quarters of them negative—when the regulations were posted for a 30-day review by faculty and staff.
“Buy-in was really hard,” says Lisa Jones, assistant director of finance and disbursements at the two-year college.
However, corporations without a regional or global program with a single or decreased number of TMCs, no existing global policy, or organized supplier program, can save up to 25% on total travel spend.
The following key savings advantages can be achieved from global travel program consolidation:1. Skilled sourcing, bearing in mind leading carriers in local markets and competitors trying to gain market share, can assist companies to achieve significant savings on air spend.
Financial Controls Policy Adherence Safety and Efficiency Travel management plays a significant financial role and can contribute to a corporation’s shareholder value.
Cost efficiencies Serko ensures all flight bookings are made according to your travel policy.“There was a lot of flack.” In any industry, employees grow accustomed to making their own travel arrangements and tiptoeing over established boundaries.But that leeway has diminished significantly in higher ed.There are substantial benefits of global consolidation and savings is the main driver for corporations to make the switch.Possible savings from a consolidation differ, based on a programs complexity and objectives.Colleges and universities are implementing a wide variety of strategies to protect their resources and reputation.