PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Continued Innovation in Business Travel Expense Management

By Ben Danner
February 20, 2023
in Analysts Coverage, Commercial Payments, Credit, Prepaid, Travel
0
0
SHARES
0
VIEWS
Share on LinkedIn
Business Travel

Managing business travel expenses is a hot topic in the industry, especially as travel continues its strong recovery from the pandemic. According to the latest GBTA Business Travel Outlook, 55% of travel buyers and procurement professionals reported they will take more business trips in 2023 than 2022 and 42% are expecting budgets for travel program operations to be higher.

Recently, American Express announced the development of a set of expense management solutions aimed at improving the expense management process for business travel. Microsoft will be running a pilot program with its own internal systems this year and the product is planned to rollout over time to American Express Corporate clients. In the press release, Gunther Bright, Executive Vice President, Global Commercial Services at American Express, gives an apt description for the expense reporting process, “Expense reports are a necessity, but we all hate doing them.”

Major providers are trying to enhance their offerings to make travel spend management easier. According to a new American Express Expense Management Trendex survey conducted between Dec. 16 and Dec. 20, 2022—among 1,000 business travelers and 300 business travel expense processors—nearly 94% of travel expense processors and 76% of business travelers report there needs to be more innovation around the expense report management processes. When describing their employer’s current expense management process, 52% of business travelers reported a negative reaction.

Business travelers and expense management professionals are used to using travel B2C technologies that are convenient and seamless. For example, it only takes a few clicks on their favorite ride-sharing app to order a vehicle, the app gives them payment flexibility, and they have control over their travel experience. Business professionals expect these types of experiences in their everyday workday.

Modern expense management platforms automate manual reporting processes saving time and money for accounting and finance teams. It’s no secret that business travelers and processors alike, do not enjoy the entire process of receipt management and filling out expense reports.

We particularly enjoyed this datapoint from the survey:

Source: American Express Expense Management Trendex Survey

Overview by Ben Danner, Senior Research Analyst at Javelin Strategy & Research.

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: American ExpressB2CBusinessExpense Management

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    phygital payments

    Why People Still Want Physical Things in a Digital World

    August 12, 2026
    AI debt collection

    How AI Makes Collections More Human—and More Effective

    August 11, 2026
    FedNow Service

    The Use Cases Propelling the FedNow® Service’s Growth—and Shaping Its Future

    August 10, 2026
    merchant debit fee

    Culture Clash: How Banks Are Adapting to Embedded AI Experts

    August 7, 2026
    programmatic payments

    The Rise of Programmatic Payments and the New Compliance Challenge

    August 6, 2026
    stablecoin compliance

    The Death of the Payment Router: Why “Compliance as an OS” is the Only Way Forward for 2026

    August 5, 2026
    payment choice

    Why Payment Choice Still Matters in a Digital-First Economy

    August 4, 2026
    Customer, shopping and credit card for florist shop payment with POS machine or phone for sale of flowers at small business. Hands of woman paying with rfid technology for service at retail store.

    The Enduring Power of Cards in a Digital-First Era

    August 3, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result