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Financial
Express, 07 on T&E
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An American Express expense
management study conducted among over 500 Indian Companies this year has
concluded that travel and entertainment (T&E) remains the second largest
controllable operating cost after salaries and benefits.
The study also said that air travel spend is the largest component in TE
contributor on an average. Almost 45% of employees in a company travel on
business trips on a regular basis and in particular single day business
trips have increased significantly.
"Today air spend accounts for 42% of a company's total T&E spend up from 32%
in 2001,'' said Tracey Bowra, senior vice president and general manager,
global commercial card, Japan Asia Pacific and Australia, Amex.
Financial Express - Oct, 1 2007 |
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