ROI Assessment Tool to Help companies Identify T&E savings

News Article

KDS Launches ROI Assessment Tool to Help Organizations Identify Potential T&E Savings Instantly

February 24, 2016

London, UK – February 24, 2016: KDS, a global provider of corporate travel and expense (T&E) management software solutions, today announced the availability of an online tool for assessing potential savings companies could make from implementing an automated T&E solution.

Visitors to the Business Travel Show in London are invited to complete the online calculator for a chance to win an Apple Watch

London, UK – February 24, 2016: KDS, a global provider of corporate travel and expense (T&E) management software solutions, today announced the availability of an online tool for assessing potential savings companies could make from implementing an automated T&E solution.

The KDS T&E ROI Assessment tool benchmarks an organization’s current business activity and goals and delivers estimated potential savings to be realized from automation. Calculations and recommendations are based on data from over 4,000 companies over 60 countries using KDS T&E management solutions, and by drawing on independent industry research and generally accepted industry best practice.

Additionally, the resulting assessment report plots the organization’s current T&E practice against the key areas influencing effective T&E program management, highlighting improvement opportunities.

The release of the T&E ROI Assessment coincides with recent research from the Global Business Travel Association (GBTA) that suggests that each year businesses spend, on average, around half a million dollars and nearly 3,000 hours correcting errors in expense reports.

“Most companies can expect to spend at least 10% of their turnover on travel and related expenses, with T&E often the third largest area of spend,” said Dean Forbes, CEO of KDS. “Even though T&E costs impact an organization’s bottom line, some 46% of businesses in the UK still manage staff expenses on outdated, inefficient spreadsheets.”

  • The KDS T&E ROI Assessment tool is now available online at http://www.kds.com/roi-calculator/
  • KDS is encouraging visitors to the Business Travel Show to stop by its stand B840 to experience the calculator and receive their free personalized report. Have a go for a chance to win an Apple Watch!

Questions in the assessment tool center around an organization’s travel program and expense processes to estimate savings from investing in a modern automated T&E management platform. The tool examines four key drivers of effectiveness of an organization’s T&E management process and benchmarks against them:

  • People – the beliefs and norms expressed by employees around the organization’s T&E practices
  • Travel –approach to sourcing, booking and managing travel related business expenditure
  • Expense –approach to capturing, justifying and validating business related expenses
  • Payment – how employees pay for business expenses

The full, personalized results and recommendations can be downloaded as a report for later consideration and guidance.

“I am constantly advising global organizations on their T&E practices,” said world-renowned T&E expert Jean-Michel Kadaner. “I am convinced that the KDS T&E ROI Assessment tool offers real value for organizations serious about cutting T&E costs.”