Corporate travel: tighter rules placed on travel, says Amex.Business travelers are dutifully du·ti·ful adj. 1. Careful to fulfill obligations. 2. Expressing or filled with a sense of obligation. du paring down their lifestyle and conforming to increased corporate cost-control directives, a new American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. survey of international companies reveals. A new study of more than 500 business travelers in the U.S. and Europe indicates that nearly half face tighter corporate rules governing how to spend their travel and entertainment (T & E) dollars, pounds and euros. Many travelers report being more careful than in the past about following their companies' travel rules. However, the survey also suggests that padding Bits or characters that fill up unused portions of a data structure, such as a field, packet or frame. Typically, padding is done at the end of the structure to fill it up with data, with the padding usually consisting of 1 bits, blank characters or null characters. See null and bit stuffing. corporate travel expenses is common. "Increasingly, corporations are stepping up efforts to track and halt out-of-policy spending and tighten their grip on T & E," said Mark Webb, senior vice president, Global Client Group, American Express Global Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. . "Many of our corporate clients are mandating use of the corporate card as a way to track travel expenses because companies want a more complete picture of employee spending--enabling them to analyze expense patterns, monitor travel policy compliance and negotiate better rates with suppliers." The survey found significant evidence that companies are cracking cracking - cracker down on T & E spending by tightening policies. Forty-five percent of the respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. said that their firms' policies governing reimbursable re·im·burse tr.v. re·im·bursed, re·im·burs·ing, re·im·burs·es 1. To repay (money spent); refund. 2. To pay back or compensate (another party) for money spent or losses incurred. business travel expenses have become either "somewhat" or "a lot" tougher over the past two or three years. And many business travelers are taking heed of the new directives. Nearly a quarter of all respondents said that, compared to two or three years ago, they were either "somewhat" or "much" more careful in adhering to their firms' T & E spending rules. As companies step up their cost-control efforts, many business travelers are noticing a higher level of scrutiny of their expense reports. More than a third (37 percent) of respondents said that, compared to two to three years ago, their companies are either somewhat or much more careful in reviewing travelers' expense reports, for example, to check for non-allowable items.
France Germany U.K. U.S. Overall
More Careful 46% 34% 34% 32% 37%
Less Careful 3% 1% 1% 1% 1%
No Change 51% 65% 65% 67% 62%
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