It's a question many small and mid-sized companies often ask; with only a handful of employees who regularly travel on business, is a travel policy really necessary? The answer is a firm yes! A travel policy provides the kind of cost savings and the ability to monitor and control travel expenses that can make a significant impact on your bottom line.

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Managing corporate travel and entertainment expenses can be a big challenge for the frontline individuals. Sophisticated tools like automated expense management, commercial card programs or online booking portals can only deliver if they are used effectively. So, what does it take to overcome this challenge?

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The business world continues to move forward regardless of holidays and other special events. Business meetings, corporate retreats and events, and trade shows all can take place over holidays or special days a family celebrates. While it might not be ideal to travel during a special occasion or holiday, there are some ways to make it less of an inconvenience.

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Automation and standardization of travel booking and expense processing have helped slash the indirect costs of managing travel by 42 percent during the past decade to 4.6 percent of the travel and expense tab, down from 5.6 percent in 2003 and 8 percent in 1997. According to a recently released performance and best practices study of 66 European and Asian companies conducted by A.T. Kearney. The study also found opportunities to halve those indirect costs.

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Las Vegas is the largest city in the U.S. state of Nevada. Nicknamed the Entertainment Capital of the World, it is situated in the Mojave Desert of Southern Nevada. The city features many mega-hotel/casino complexes decorated with lavish care and attention to detail creating a fantasy-like environment. The casinos often have names and themes that evoke romance, mystery, and exotic destinations.

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