The research by the enterprise journey company exhibits that 79 p.c of vacationers use a enterprise bank card. Different fee strategies embrace private bank cards (26 p.c), money (12 p.c), and direct funds from the corporate to journey suppliers by way of wire transfers or lodge playing cards (16 p.c). Just one p.c use a digital card, though 26 p.c are aware of this technique.
“Firms seeking to simplify the fee course of for his or her vacationers ought to discover the advantages of fee automation by way of digital bank cards,” stated Ajay Singh, vice chairman, Digital Fee and Expense Merchandise at BCD. “Digital fee automation makes it simpler to pay for resort or automobile reservations centrally. It routinely generates a brand new single-use digital card quantity for every transaction and hyperlinks all prices to a particular reserving. This not solely makes the fee course of simpler for vacationers, but additionally reduces additionally the chance of fraud.
Greater than half of enterprise vacationers surveyed take into account the time to submit expense stories (63 p.c) the largest ache level. Different main obstacles embrace amassing paper receipts (54 p.c), amassing receipts in numerous file codecs (52 p.c), holding receipts after journey (51 p.c), and declaring difficult classes, reminiscent of resort stays with separate expenses. paid meals and different incidental bills (50 p.c).
