A T&E Consortium - Profitable Togetherness

A group of far-flung companies have found a unique way to attack their T&E expense issues. They have banded together in a consortium. The consortium currently consists of Tokyo Electron America, Austin, Texas; International Sematec, Austin; Bose Corp, Boston; and Raymond James Financial Services, in St. Petersburg, Fla. Originally, the group had two other members, but those pulled out when the travel managers left for other firms. Lumping their travel spending together has enabled the group to…