T&E Submissions and Payments Increasingly Electronic

The findings of a benchmarking survey conducted by Accounts Payable & Procure-to-Pay Network (AP & P2P) reveal that half of AP departments saw increases in their travel and entertainment (T&E) spending during the prior two years (see Exhibit 1). T&E is commonly understood to be the second-largest controllable expense for most organizations, and it remains as critical as ever for organizations to manage their reimbursement processes effectively with strong policies and procedures. Exhibit 1:…