Travel & Expense Monitoring
The Importance of Benchmarking and the BTN Corporate Travel Index

Back in March, Business Travel News unveiled their annual Corporate Travel Index. 2014 marked the 30th compilation of the average business traveler per diems and most vs. least expensive cities for corporate travel. At Oversight, we look forward to this each year and I can’t wait to weigh in.
This year, more so than in any other, leading global companies are leveraging advanced data analysis to make sure that rising per diem costs stay within expected ranges for their organizations. One of the benefits of leveraging automated data analysis solutions like Oversight Insights On Demand™ for T&E is that companies can benchmark their own travelers against one another, as well as benchmark their travelers against the expenditures of a larger population. Benchmarking is one of the best ways companies can cut costs or adjust spending.
Three important benchmarks to keep your corporate spending in check:
With the BTN index indicating that the average per diem for a corporate traveler is $292.80 (and rising!) having access to benchmarking data is more important than ever.
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