Egencia is committed to helping you reduce your T&E spending. We have created this new T&E tab to provide you with our best practice information related to controlling your T&E expenses using Egencia in conjunction with your company credit or charge card and expense management systems.
Egencia offers comprehensive travel spend control capabilities through its flexible travel policy tools. Companies can further control their T&E spend as well as other expenses more effectively and more efficiently using a company credit or charge card.
Implementing a business card program can allow you to: eliminate out-of-pocket expense reimbursement, implement applicable spending limits, separate business and personal expenses, and streamline the expense management process. These card programs often come with additional features including rental car insurance, travel medical insurance, extended purchase warranties, and protection against employee misuse.
Typical features and controls include:
| Control | Benefit |
|---|---|
| Maximum single purchase limit | Enforce spending authority policies |
| Maximum purchase volume (by day, month or billing cycle) | Prevent excessive spending on card |
| Cash advance limits (at ATM, at bank) | Control cash advances per employee |
| Merchant category code restrictions (merchant classification codes | Prevent the purchase of non-company related merchandise and services by merchant type |
| Foreign currency decline | Prevent transactions from taking place outside of approved countries |
Online reporting tools offer the ability to monitor card spend and employee compliance with company policies as well.