Cycle Time in Days to Approve and Schedule T&E Reimbursements

Published On:
July 24, 2023
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After nearly coming to a standstill in 2020, business travel is bouncing back. As organizations return to or even surpass their pre-COVID levels of travel and entertainment (T&E) spending, they will see a corresponding increase in the volume of expense reports that they need to process on behalf of employees. In this article, APQC breaks down cross-industry data on the cycle time to approve and schedule T&E reimbursements and reviews the practices that leading organizations use to accelerate the process.