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Reducing Electrovision’s Travel and Entertainment Costs

Reducing Electrovision’s Travel and Entertainment Costs Here is the report you requested January 30 on Electrovision’s travel and entertainment costs. Your suspicion was right. We are spending far too much on business travel. Our unwritten policy has been “anything goes,” leaving us with no real control over T&E expenses. Although this hands-off approach may have been understandable when Electrovision’s profits were high, we can no longer afford the luxury of going first class. The solutions to the problem seem rather clear. We need to have someone with centralized responsibility for travel and entertainment costs, a clear statement of policy, an effective control system, and a business-oriented travel service that can optimize our travel arrangements. We should also investigate alternatives to…