As 2020 rapidly approaches, TCG recently launched our ‘3 Methods in 3 Months’ series to help you address program maturity and expand and optimize an integrated travel, meetings, payment and expense (TMPE) program. 

Method 1:

Uncovering and Controlling Hidden Total Costs of Ownership (TCO) Across Your Organization

Program Managers are also empowered to uncover—and control—hidden costs that lie outside the expense report (GL) and impact bottom line margins. These costs can be embedded in disparate budgets across the organization and are often found in the following:

  • Organization Design
  • Reconciliation Process
  • Approvals and Workflows
  • Agency and Related Fees
  • Supplier Management
  • Supplier Compliance
  • Technology
  • Treasury
  • Audit
  • Program Management
  • Reimbursement
  • And More…
Working on computer

Method 2:

Addressing Program Maturity

If you’re among the 84% who have reported that their program is now mature (and thus delivering diminishing returns and stagnant innovation), you’re probably already thinking, “what do I next?”  Where does your program rank? Should you be considering a TCO-TMPE® (Total Cost of Ownership for Travel, Meetings, Payment and Expense) solution as part of your roadmap to address program maturity? See our infographic to identify at which stage your program resides. 

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Method 3:

Growing Card Spend to Fund Travel & Expense Spend Under Management

In preparation for 2020, TCG shared methods for developing a Spend Under Management Expansion and Optimization Strategy. We end the year with our third and final method.

Innovative and broad card (payment) programs have fundamentally reshaped the way people / companies are making payments across the globe. Through an intelligent strategy to leverage all of your chargeable spend, a TCO-TMPE® program vision can be self-funded by expanding your spend under management.

When your program embeds a TCO approach, your vision can aim for best-in-class performance and begin to identify, capture, and control the true costs of managing travel, meetings, payment and expense (TMPE) programs. Cost reductions of up to 28% are being achieved by world-class leaders adopting an integrated TCO approach.

Capturing Program TCO

At TCG Consulting, we wrote the methodology behind TCO-TMPE® (Total Cost of Ownership for Travel, Meetings, Payment and Expense).

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