See how other companies are reducing travel expenses by changing the timing, the travelers and the transportation.

Whether it's limiting overnight stays, working out a discount with a preferred airline, or sending fewer people on trips, most companies today are finding ways to make the most of the travel they still allow. Find out how you can save by:

• Implementing a more stringent approval process
• Taking advantage of discounts and bundled travel offers
• Spending on travel that has the most impact

To learn how other companies are making their business travel decisions, download now for free.

Request Your Free Report: "Managing Travel Spending in a Downturn"

Offered Free by: American Express

ABOUT THIS REPORT
Starting in February 2009, CFO Research Services, in collaboration with American Express, launched a global
research program among senior finance executives to examine the decisions companies are making to sustain profitability in challenging times.

We gathered 285 responses from senior finance executives around the world and conducted in-depth interviews with 23 finance executives at leading companies. This piece is one in a series of three essays featuring comments from our conversations.

Complete survey results are available for download in Controlling Cost in a Crisis: Sustaining Core Spending Through the Downturn, available at www.cforesearch.com Managing Travel Spending in a Downturn American Express Global Business & Spending Monitor CFO Research Services © 2009

Travel spending comes under intense scrutiny
In the current global economic downturn, companies are under pressure to meet profit targets by pursuing administrative and operational efficiencies and by cutting spending. Travel spending in particular is likely to come under fi nance teams’ close scrutiny when revenues decline.

In a recent CFO Research Services global study, a solid majority of survey respondents (87%) say their companies plan to spend less on business travel this year compared with last year. Forty-four percent of respondents anticipate business travel spending at their companies will decrease by more than 10%. ...

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