Travel Policy Template: 9 Tips for Creating or Updating Your Travel Policy

Companies need to provide a seamless experience for their road warriorswho are traversing the globe in search of new clients, attending conferences, exploring new business opportunities and checking on projects.

The goal of automating the T&E function isn’t just to save the company time and money, although that is a significant consideration. With policies in place, companies can ensure that business travelers are adhering to allowances for meals, hotels, and other travel-related expenses. Companies that establish clear policies for how employees can book and pay for travel — and which vendors to use — can negotiate discounts and rewards with hotels, rental car agencies and airlines.

In addition to the financial benefits of anexpense managementpolicy, employee satisfaction is also at stake. Creating a realistic travel policy that is clear, simple and easily accessible makes employees happy. A quick and hassle-free travel expense management process reduces traveler stress, enabling them to focus on the purpose of their trip.