Why Organizations Should Leverage a TCO Approach for Travel, Meetings, Payment and Expense Programs

Most organizations focus their time and resources on reducing costs in areas with the lowest opportunity.

However, areas that have a greater potential to impact the bottom line — such as program bypass, card payment, or compliance — are taken for granted or ignored completely.

When employed for a travel program, a strategic TCO (Total Cost of Ownership) approach looks at the entire travel ecosystem and value chain — including payments systems, workflows, transaction processes, bypass spend and other factors.