1、7 T&E Lessons From 2022 to Make for a Stronger 2023Introduction2022 saw business travel return in a big way,only to run up against the challenge of inflation.Businesses responded the way they always do:by adjusting.But some were more prepared than others to weather the storm.And the tools and strate
2、gies those teams employed offer insight into how to tackle the inevitable challenges of 2023.Heres what to keep in mind.What youll learn in this guide:Introduction7 key T&E takeaways from the challenges of 2022How these lessons can help frame the year ahead Why future-proofing is key to your T&E suc
3、cess moving forwardTravel Is BackBefore getting into the years takeaways,its important to acknowledge that all of the T&E developments in 2022 happened against the backdrop of a sensational post-pandemic rebound in travel,as well as a corresponding jump in spend.The Big PictureBusiness travel has re
4、turned.And its imperative to ensure your T&E program is optimized for the year ahead.Bookings for fall business trips were up nearly 6x year-over-yearTravel spend jumped 27%in AugustConsider these numbers from Navan:Controlling Costs Isnt About Cutting Travel Travel continues to play an outsized rol
5、e in running a healthy business.Road warriors still need to meet with prospective and existing customers,of course,and a remote workforce means more offsites and team meetings.So despite higher costs due to inflation,cutting travel volume comes with some serious downsides.Instead,companies need to b
6、e more efficient with their travel spend.Fortunately,they can.Lesson#1Navan offers a wide range of tools built for streamlining the entire T&E process.From the way road warriors submit travel expenses to the way finance teams reconcile the books,the result is savings in both time and money.How much?