BBT


CORPORATE CARDS SUPPLEMENT 2015


Expense management By Rob Gill


“The ultimate objective is to make it very simple for the traveller, travel manager and finance director”


life easier. In the longer term, the support of a larger organisation will allow us to do things faster, have more routes to market and more expertise.”


Amadeus has also established more of


a presence in this area with the purchase last year of I:Fao, which specialises in sup- plying IT services to the corporate market, including expense management through its Cytric software platform.


The other major change in the sector is


Spendvision’s transformation into Fraedom Travel and Expense, which was announced at the Business Travel Show in February. HRG’s chief executive David Radcliffe describes the move as a way of focusing on the “unmanaged travel sector” rather than traditional small- and medium-sized enterprises (SMEs) through combining the company’s expertise in both travel booking and expense management. But whether you want to call them SMEs


or not, the global market for offering smaller companies an automated expenses system is still relatively untapped. A study by indus- try consultancy Paystream Advisors found that 63 per cent of small firms still used an entirely manual T&E system, with only 25 per cent having some form of automation – whereas 81 per cent of larger businesses had at least an element of automation and only 9 per cent used completely manual processes. This is a major reason why HRG has launched Fraedom, with an initial focus


In association with BBT CORPORATE CARDS SUPPLEMENT 2015 33


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