Finance

360 Degrees of Savings with VAT IT and Rocketrip

June 25, 2019 by Rocketrip Admin

Globally, companies are projected to spend $1.7 trillion on business travel per year by 2023. Travel is the largest corporate expense aside from payroll and real estate. What’s more, business travel is significantly more expensive than leisure travel — 67% more expensive to be exact. However, there are…

Business Travel

How Quantcast Saved 26% on Travel and Delighted Employees

June 4, 2019 by Rocketrip Admin

Business travel is tough, both for travelers and for their employers. Travelers have to uproot, deal with the logistics of booking and being on the road, and wrestle with expense reporting. For employers, not only is travel expensive but it can sow disengagement among employees because of…

Business Travel

Why Finance Departments Should Care About Travel

March 24, 2017 by Rocketrip Admin

Fewer than 40% of CFOs report being satisfied with how travel expenses are currently managed in their companies.1 Concern about cost has led more companies to shift oversight of employee travel to their finance, procurement, or executive leadership teams.

Business Travel

The Role of Accounting Departments in Travel Management

December 9, 2016 by Rocketrip Admin

Last week in Boston, Rocketrip’s CEO, Dan Ruch, presented to an audience of finance executives at the 2016 Controllers Summit. Dan’s session explored the topic of employee spending and organizational culture. Why do some companies struggle with persistently high spending, while at others, frugality is a core value and a source of pride?

Business Travel

Budgeting for Travel Expenses

November 23, 2016 by Rocketrip Admin

An annual budget is the corporate equivalent of a New Year’s resolution. Both are well intentioned, and both rarely work out as well as planned. Kenneth Merchant, Deloitte & Touche LLP chair of accountancy at the University of Southern California, wrote in the Wall Street Journal about why it is that “almost all companies prepare…