The Importance of Managing Travel Expenses: Insights and Solutions with Qashio
Discover how Qashio simplifies corporate travel expense management with prepaid cards, real-time tracking, and integrated reporting tools. Save time, cut costs, and reward your teams seamlessly.
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The Importance of Managing Travel Expenses: Insights and Solutions with Qashio
Business Travel Expenses: A Significant Corporate Challenge
Business travel expenses are among the largest cost categories for organisations with nearly 40% of millennials travelling for business. The World Travel & Tourism Council (WTTC) is projecting that total global business travel spending will reach $1.5 trillion this year with the Middle East showing a growth rate of 12%. Qashio’s own data shows that travel costs have increased an average of 11.5% in the past 12 months with all projections pointing to a further increase in 2025.
For companies in major hubs like Dubai, where international and regional travel is integral to business growth and expected to grow 30%, managing these expenses is critical to financial health.
Why Managing Business Travel Costs is Crucial
Untracked corporate travel expenses can quickly increase, particularly as global travel costs rise. The return of in-person meetings and business travel post-pandemic has driven a surge in demand, pushing airfare and accommodation rates higher.
The rising trend of “bleisure” (business and leisure travel) adds further complexity to tracking employee spending.
Why Qashio is Essential for UAE Companies
In the UAE, where business travel plays a vital role in driving growth, Qashio’s corporate cards are revolutionising expense management. With real-time tracking and accounting automation, Qashio eliminates the inefficiencies and errors associated with traditional processes.
Here’s how companies can streamline and optimise their travel and expense management:
- Per Diem Allowances: Seamlessly manage daily employee allowances without manual tracking.
- Travel Bookings: Simplify hotel, flight, and taxi bookings with centralised control.
- Dining Expenses: Monitor and control spending on business meals.
An added benefit? Every transaction made using Qashio cards earns Qashio Points, which can be redeemed for Emirates Skywards Miles. This not only helps companies cut business travel costs but also enables them to offer employees free miles to cover annual flight tickets.
With Qashio, UAE companies can save time, reduce costs, and reward their teams—all in one seamless solution.
How Qashio Streamlines Travel Expense Management
Qashio offers businesses an advanced expense management platform, designed to simplify and control travel-related spending. Here’s why companies in UAE and beyond should use Qashio for managing corporate travel expenses:
- Prepaid Corporate Cards: Set pre-approved limits for travel budgets, ensuring spending compliance while empowering employees.
- Real-Time Expense Tracking: Qashio provides instant visibility into employee travel expenses, enabling better financial oversight.
- Customised Policies: Tailor spending limits by trip type, department, or location to reduce unnecessary expenses.
- Integrated Reporting Tools: Generate detailed travel expense analytics to identify cost-saving opportunities and optimise travel budgets.
As companies prioritise global expansion and local operations, effective travel expense management is essential. By partnering with Qashio, organisations can gain complete control of their business travel spending while fostering operational efficiency and growth.
Take the first step towards smarter expense management today by speaking to the Qashio team today.
Request a Demo
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