Using Corporate Credit Cards for Travel and Entertainment Expenses
Travel and entertainment (T&E) expenses involve big money—and often big headaches—for companies. Although T&E expenses typically account for about one-tenth of total annual budgets, it is fortunately one of the most controllable corporate expenses. One tool for helping control T&E expenses, by streamlining processes and mitigating risk, is the corporate credit card. This article discusses approaches for managing corporate credit card programs.