TCG research confirms an average of 1.62%* of the total revenue compensation range (0.33-14.4%) is spent on T&E expenses. T&E is the second largest indirect procurement expense.

Many organizations have implemented and benefitted from TCG’s patented TCO-TMPE® (Total Cost of Ownership for Travel, Meetings, Paymet, and Expense) methodology revealing TCO-related costs by an average of 18%.  Through this approach, organizations can accurately capture all T&E-related spending under management, harness new revenue sources (card/payment/supplier revenue sharing), and reduce hidden company costs via the identification of more efficient workflows, processes, and addressing areas of stagnation. This also drives a higher NPS program score.

The hidden expenditures often fall within budgets not traditionally controlled by T&E owners. On average, 14% of a travel program’s TCO is hidden and can range from 8% to 23% of TCO. In some cases, this number is even higher. It is important to note that not all costs are “bad” costs – although the TCG methodology can uncover hidden costs for additional savings, companies are applying our methodology to identify all sources of cost to increase spending under management to re-distribute those savings into areas where the company needs it most.