Spend Analysis

Q. We are reviewing our T&E policy and want to know if we are allowing enough to cover meals when traveling. Most of our travelers are going over so I was wondering what is everyone allowing at their… Read More

Q. We just set up a new travel expense policy and were wondering if there was a travel cost comparison form or even more information on the matter? A. (Answered by the IOFM Ask the Expert Team) IOFM… Read More

Q. What best in class T&E metrics should organizations be tracking? A. (Answered by the IOFM Advisory Panel) Below is a list of a few key metrics we track. We also utilize PowerBi to drill into our… Read More

Q. I am doing some benchmarking on travel program solutions.  I'm looking into three options: TMC, executive concierge, or self service. We currently use Concur for expense as well as… Read More

Q. We would like to do some research on travel meal expense per diem. I found the IRS and GSA, but the rates were low. Would there be other resources we would refer to as a guide for our travel… Read More

T&E fraud is the most frequent type of employee fraud.

The so-called "fraud triangle," developed over 50 years ago by Donald Cressey, helps explain why. The three sides of the fraud triangle are

… Read More

T&E fraud is the most frequent type of employee fraud. - The so-called "fraud triangle," developed over 50 years ago by Donald Cressey, helps explain why. The three sides of the fraud triangle are… Read More

Organizations that focus attention on creating, communicating, enforcing, and monitoring their T&E policies can gain a competitive cost advantage over firms that ignore these often obvious, yet… Read More

With the IRS's scrutiny on companies’ travel and expense (T&E) practices, it makes sense for AP to monitor T&E expenses closely. AP managers are the gatekeepers who ensure that spending stays in… Read More

“In most organizations, T&E is the second-largest ‘controllable’ or ‘discretionary’ expense after payroll,” says Pam Miller, IOMA’s education director. “As such, T&E presents a unique… Read More