As the financial year draws to a close and next year’s budgets are debated, there are plenty of ducks to get in a row before July 1 hits. While travel spend may not be front of mind, as CFOs we need to think differently (and strategically) about maximising time on the road and the costs that come with it.
Regardless of your budget size, it’s important to ensure that what you do have works hard. When done right, travel results in more prospective customers and clients, the chance to branch out into new geographies, and more opportunities to meet colleagues and clients face-to-face. Planning now also ensures that you can work smarter when resources are restricted.
So what are the key questions to ask yourself when planning your travel spend for maximum efficiency and productivity? Pip Spibey-Dodd, CFO of Travelport Locomote shares her tipshere.